OneSpaWorld (NASDAQ:OSW) Reaches New 12-Month High – Still a Buy?

OneSpaWorld Holdings Limited (NASDAQ:OSW)’s share price reached a new 52-week high on Wednesday . The stock traded as high as $20.64 and last traded at $20.64, with a volume of 353 shares changing hands. The stock had previously closed at $20.36.

Analysts Set New Price Targets

Separately, Truist Financial increased their target price on OneSpaWorld from $17.00 to $22.00 and gave the stock a “buy” rating in a research report on Tuesday, December 3rd.

OneSpaWorld Stock Performance

The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.29 and a current ratio of 1.84. The stock has a market capitalization of $2.05 billion, a P/E ratio of 40.31 and a beta of 2.13. The business has a 50-day moving average price of $18.67 and a 200 day moving average price of $16.78.

OneSpaWorld Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 4th. Stockholders of record on Wednesday, November 20th were issued a dividend of $0.04 per share. The ex-dividend date of this dividend was Wednesday, November 20th. This represents a $0.16 annualized dividend and a dividend yield of 0.81%. OneSpaWorld’s payout ratio is presently 32.65%.

Insider Transactions at OneSpaWorld

In other news, Director Andrew R. Heyer sold 75,000 shares of the firm’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $18.68, for a total transaction of $1,401,000.00. Following the sale, the director now owns 545,432 shares of the company’s stock, valued at $10,188,669.76. This trade represents a 12.09 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Walter Field Mclallen sold 18,000 shares of the business’s stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of $20.40, for a total transaction of $367,200.00. Following the transaction, the director now directly owns 170,917 shares of the company’s stock, valued at $3,486,706.80. The trade was a 9.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 337,516 shares of company stock valued at $6,007,092 in the last quarter. 5.00% of the stock is owned by insiders.

Institutional Investors Weigh In On OneSpaWorld

A number of large investors have recently added to or reduced their stakes in the stock. Quarry LP boosted its stake in shares of OneSpaWorld by 178.9% in the 2nd quarter. Quarry LP now owns 4,306 shares of the company’s stock worth $66,000 after buying an additional 2,762 shares during the last quarter. Point72 DIFC Ltd purchased a new position in OneSpaWorld in the third quarter worth about $81,000. Allspring Global Investments Holdings LLC grew its stake in shares of OneSpaWorld by 13,242.4% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 11,341 shares of the company’s stock valued at $174,000 after purchasing an additional 11,256 shares during the period. Morse Asset Management Inc purchased a new stake in shares of OneSpaWorld during the 2nd quarter valued at about $200,000. Finally, Principal Financial Group Inc. lifted its stake in shares of OneSpaWorld by 20.9% in the 2nd quarter. Principal Financial Group Inc. now owns 13,572 shares of the company’s stock worth $209,000 after purchasing an additional 2,350 shares during the period. Institutional investors own 95.98% of the company’s stock.

About OneSpaWorld

OneSpaWorld Holdings Limited operates health and wellness centers onboard cruise ships and at destination resorts worldwide. Its health and wellness centers offer services, such as traditional body, salon, and skin care services and products; self-service fitness facilities, specialized fitness classes, and personal fitness training; pain management, detoxifying programs, and body composition analyses; weight management programs and products; and medi-spa services.