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

OneSpaWorld Holdings Limited (NASDAQ:OSW) hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $20.28 and last traded at $20.22, with a volume of 399307 shares trading hands. The stock had previously closed at $19.28.

Analysts Set New Price Targets

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

OneSpaWorld Trading Down 0.2 %

The stock has a 50-day moving average price of $18.36 and a two-hundred day moving average price of $16.61. The stock has a market capitalization of $2.10 billion, a PE ratio of 41.00 and a beta of 2.13. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.29 and a current ratio of 1.84.

OneSpaWorld Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 4th. Stockholders of record on Wednesday, November 20th were given 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 0.79%. OneSpaWorld’s payout ratio is 32.65%.

Insiders Place Their Bets

In other OneSpaWorld news, Director Andrew R. Heyer sold 75,000 shares of OneSpaWorld stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $18.68, for a total value 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. The trade was a 12.09 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO Stephen Lazarus sold 65,906 shares of the stock in a transaction that occurred on Wednesday, October 30th. The shares were sold at an average price of $18.51, for a total value of $1,219,920.06. Following the transaction, the chief financial officer now owns 490,675 shares of the company’s stock, valued at $9,082,394.25. This represents a 11.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 319,810 shares of company stock worth $5,644,816. Corporate insiders own 5.00% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in OSW. Divisadero Street Capital Management LP purchased a new stake in OneSpaWorld during the second quarter valued at approximately $7,685,000. Royce & Associates LP purchased a new stake in OneSpaWorld during the 3rd quarter valued at $2,295,000. Sequoia Financial Advisors LLC bought a new stake in OneSpaWorld in the second quarter worth $633,000. Driehaus Capital Management LLC boosted its stake in OneSpaWorld by 6.1% during the second quarter. Driehaus Capital Management LLC now owns 1,867,527 shares of the company’s stock worth $28,704,000 after buying an additional 106,910 shares during the period. Finally, Canada Pension Plan Investment Board bought a new position in OneSpaWorld during the second quarter valued at $516,000. Hedge funds and other institutional investors own 95.98% of the company’s stock.

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.