Insider Selling: OneSpaWorld Holdings Limited (NASDAQ:OSW) Director Sells 18,000 Shares of Stock

OneSpaWorld Holdings Limited (NASDAQ:OSW) Director Walter Field Mclallen sold 18,000 shares of the firm’s stock in a transaction dated 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 owns 170,917 shares of the company’s stock, valued at approximately $3,486,706.80. This trade represents a 9.53 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

OneSpaWorld Trading Up 0.2 %

Shares of NASDAQ OSW opened at $20.26 on Tuesday. The business has a fifty day simple moving average of $18.50 and a 200-day simple moving average of $16.70. The company has a market cap of $2.11 billion, a price-to-earnings ratio of 41.35 and a beta of 2.13. OneSpaWorld Holdings Limited has a 12 month low of $11.98 and a 12 month high of $20.57. The company has a quick ratio of 1.29, a current ratio of 1.84 and a debt-to-equity ratio of 0.18.

OneSpaWorld Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 4th. Shareholders of record on Wednesday, November 20th were issued a $0.04 dividend. This represents a $0.16 annualized dividend and a dividend yield of 0.79%. The ex-dividend date was Wednesday, November 20th. OneSpaWorld’s payout ratio is 32.65%.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in OSW. FMR LLC lifted its holdings in shares of OneSpaWorld by 54.0% in the third quarter. FMR LLC now owns 4,137,525 shares of the company’s stock valued at $68,311,000 after purchasing an additional 1,451,283 shares in the last quarter. Public Employees Retirement System of Ohio acquired a new position in OneSpaWorld during the third quarter valued at $9,267,000. Divisadero Street Capital Management LP purchased a new stake in OneSpaWorld in the 2nd quarter worth about $7,685,000. Wellington Management Group LLP boosted its position in OneSpaWorld by 21.4% during the 3rd quarter. Wellington Management Group LLP now owns 1,791,032 shares of the company’s stock worth $29,570,000 after acquiring an additional 316,207 shares during the period. Finally, Algert Global LLC grew its stake in OneSpaWorld by 1,072.8% during the 3rd quarter. Algert Global LLC now owns 293,325 shares of the company’s stock valued at $4,843,000 after acquiring an additional 268,315 shares in the last quarter. 95.98% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

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.