Globeflex Capital L P Trims Stock Holdings in OneSpaWorld Holdings Limited (NASDAQ:OSW)

Globeflex Capital L P reduced its position in OneSpaWorld Holdings Limited (NASDAQ:OSW - Free Report) by 14.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 641,852 shares of the company's stock after selling 109,950 shares during the quarter. OneSpaWorld makes up about 1.1% of Globeflex Capital L P's investment portfolio, making the stock its 20th largest holding. Globeflex Capital L P owned approximately 0.62% of OneSpaWorld worth $12,773,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of OSW. Principal Financial Group Inc. grew its position in shares of OneSpaWorld by 144.2% during the third 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. Versor Investments LP bought a new position in OneSpaWorld in the 3rd quarter worth approximately $449,000. Victory Capital Management Inc. grew its holdings in OneSpaWorld by 55.6% during the 3rd quarter. Victory Capital Management Inc. now owns 92,005 shares of the company's stock valued at $1,519,000 after buying an additional 32,888 shares in the last quarter. Royce & Associates LP bought a new stake in shares of OneSpaWorld during the third quarter valued at approximately $2,295,000. Finally, Moran Wealth Management LLC lifted its holdings in shares of OneSpaWorld by 34.8% in the third quarter. Moran Wealth Management LLC now owns 35,219 shares of the company's stock worth $581,000 after buying an additional 9,096 shares in the last quarter. 95.98% of the stock is owned by hedge funds and other institutional investors.

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OneSpaWorld Price Performance

OSW traded up $0.78 during trading hours on Wednesday, hitting $17.53. The company's stock had a trading volume of 1,257,640 shares, compared to its average volume of 578,428. The stock has a market cap of $1.83 billion, a price-to-earnings ratio of 25.04 and a beta of 2.11. The business's 50-day moving average price is $19.86 and its 200-day moving average price is $18.68. The company has a current ratio of 1.84, a quick ratio of 1.29 and a debt-to-equity ratio of 0.18. OneSpaWorld Holdings Limited has a 12 month low of $11.98 and a 12 month high of $23.01.

OneSpaWorld Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 26th. Stockholders of record on Wednesday, March 12th will be given a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a dividend yield of 0.91%. The ex-dividend date of this dividend is Wednesday, March 12th. OneSpaWorld's dividend payout ratio is 22.86%.

Analysts Set New Price Targets

OSW has been the subject of several research analyst reports. Stifel Nicolaus raised their target price on shares of OneSpaWorld from $24.00 to $25.00 and gave the company a "buy" rating in a research note on Wednesday, January 15th. Truist Financial raised their price objective on OneSpaWorld from $17.00 to $22.00 and gave the company a "buy" rating in a research 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.