USA Financial Formulas Takes Position in OneSpaWorld Holdings Limited (NASDAQ:OSW)

USA Financial Formulas purchased a new stake in OneSpaWorld Holdings Limited (NASDAQ:OSW) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 1,831 shares of the company’s stock, valued at approximately $36,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of OSW. Principal Financial Group Inc. boosted its position in shares of OneSpaWorld by 144.2% during the 3rd quarter. Principal Financial Group Inc. now owns 33,137 shares of the company’s stock worth $547,000 after purchasing an additional 19,565 shares in the last quarter. Lord Abbett & CO. LLC lifted its stake in shares of OneSpaWorld by 53.5% in the third quarter. Lord Abbett & CO. LLC now owns 615,730 shares of the company’s stock valued at $10,166,000 after purchasing an additional 214,557 shares during the period. Geode Capital Management LLC boosted its holdings in OneSpaWorld by 6.2% during the third quarter. Geode Capital Management LLC now owns 2,414,363 shares of the company’s stock worth $39,869,000 after buying an additional 141,578 shares in the last quarter. Barclays PLC grew its position in OneSpaWorld by 177.8% during the third quarter. Barclays PLC now owns 198,549 shares of the company’s stock worth $3,278,000 after buying an additional 127,074 shares during the period. Finally, Public Employees Retirement System of Ohio purchased a new position in OneSpaWorld in the third quarter valued at about $9,267,000. Institutional investors and hedge funds own 95.98% of the company’s stock.

OneSpaWorld Trading Up 1.6 %

Shares of OSW opened at $19.49 on Friday. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.84 and a quick ratio of 1.29. OneSpaWorld Holdings Limited has a 1-year low of $11.98 and a 1-year high of $20.57. The stock has a market cap of $2.03 billion, a price-to-earnings ratio of 39.78 and a beta of 2.10. The firm has a 50 day simple moving average of $19.45 and a 200-day simple moving average of $17.36.

OneSpaWorld Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 4th. Shareholders of record on Wednesday, November 20th were given a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a yield of 0.82%. The ex-dividend date was Wednesday, November 20th. OneSpaWorld’s payout ratio is 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 on Wednesday, November 6th. The stock was 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 in the company, valued at $10,188,669.76. This trade represents a 12.09 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Walter Field Mclallen sold 18,000 shares of the company’s stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $20.40, for a total value of $367,200.00. Following the completion of the transaction, the director now 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 158,906 shares of company stock valued at $2,988,120 over the last three months. 5.00% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the company. Stifel Nicolaus upped their price target on OneSpaWorld from $24.00 to $25.00 and gave the stock a “buy” rating in a report on Wednesday. Truist Financial raised their price target on OneSpaWorld from $17.00 to $22.00 and gave the company a “buy” rating in a research report on Tuesday, December 3rd.

OneSpaWorld Company Profile

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.