Algert Global LLC Raises Stock Position in OneSpaWorld Holdings Limited (NASDAQ:OSW)

Algert Global LLC boosted its position in OneSpaWorld Holdings Limited (NASDAQ:OSW - Free Report) by 1,072.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 293,325 shares of the company's stock after acquiring an additional 268,315 shares during the quarter. Algert Global LLC owned 0.28% of OneSpaWorld worth $4,843,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in OSW. Quarry LP boosted its position in shares of OneSpaWorld by 178.9% during the 2nd quarter. Quarry LP now owns 4,306 shares of the company's stock worth $66,000 after acquiring an additional 2,762 shares in the last quarter. Allspring Global Investments Holdings LLC increased its stake in OneSpaWorld by 13,242.4% in the second 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 last quarter. ProShare Advisors LLC increased its stake in OneSpaWorld by 8.5% in the first quarter. ProShare Advisors LLC now owns 14,997 shares of the company's stock valued at $198,000 after purchasing an additional 1,181 shares during the last quarter. Morse Asset Management Inc acquired a new stake in OneSpaWorld during the second quarter worth approximately $200,000. Finally, Principal Financial Group Inc. lifted its position in shares of OneSpaWorld by 20.9% during the 2nd quarter. Principal Financial Group Inc. now owns 13,572 shares of the company's stock worth $209,000 after buying an additional 2,350 shares during the last quarter. Hedge funds and other institutional investors own 95.98% of the company's stock.

OneSpaWorld Stock Performance

OSW traded down $0.02 during trading on Monday, hitting $19.37. 566,145 shares of the stock were exchanged, compared to its average volume of 548,401. The firm has a market capitalization of $2.01 billion, a P/E ratio of 39.53 and a beta of 2.13. OneSpaWorld Holdings Limited has a 1-year low of $11.49 and a 1-year high of $19.69. The stock has a fifty day moving average price of $17.56 and a two-hundred day moving average price of $16.22. 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 Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 4th. Shareholders of record on Wednesday, November 20th will be given a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a yield of 0.83%. The ex-dividend date of this dividend is Wednesday, November 20th. OneSpaWorld's payout ratio is currently 32.65%.

Analysts Set New Price Targets

Separately, TD Cowen lifted their price target on shares of OneSpaWorld from $16.00 to $19.00 and gave the stock a "buy" rating in a research note on Thursday, August 1st.

Insider Buying and Selling at OneSpaWorld

In other OneSpaWorld news, CFO Stephen Lazarus sold 65,906 shares of the company's stock in a transaction on Wednesday, October 30th. The shares were sold at an average price of $18.51, for a total transaction of $1,219,920.06. Following the completion of the transaction, the chief financial officer now owns 490,675 shares in the company, valued at approximately $9,082,394.25. This represents a 11.84 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 completion of 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 disclosure for this sale can be found here. Over the last three months, insiders have sold 319,810 shares of company stock worth $5,644,816. 5.00% of the stock is owned by company insiders.

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.