Madison Investment Advisors LLC Invests $7.01 Million in OneSpaWorld Holdings Limited (NASDAQ:OSW)

Madison Investment Advisors LLC bought a new stake in OneSpaWorld Holdings Limited (NASDAQ:OSW - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 352,297 shares of the company's stock, valued at approximately $7,011,000. Madison Investment Advisors LLC owned about 0.34% of OneSpaWorld as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also made changes to their positions in the company. Global Retirement Partners LLC purchased a new position in shares of OneSpaWorld during the fourth quarter valued at approximately $26,000. USA Financial Formulas acquired a new stake in shares of OneSpaWorld during the fourth quarter worth $36,000. Point72 DIFC Ltd purchased a new stake in shares of OneSpaWorld in the third quarter valued at $81,000. Smartleaf Asset Management LLC grew its holdings in OneSpaWorld by 2,395.2% in the 4th quarter. Smartleaf Asset Management LLC now owns 5,165 shares of the company's stock valued at $103,000 after buying an additional 4,958 shares during the period. Finally, KBC Group NV purchased a new position in shares of OneSpaWorld during the 4th quarter worth about $121,000. Hedge funds and other institutional investors own 95.98% of the company's stock.

OneSpaWorld Price Performance

OneSpaWorld stock traded down $0.04 during mid-day trading on Wednesday, hitting $18.10. The company's stock had a trading volume of 984,550 shares, compared to its average volume of 601,172. The stock has a market capitalization of $1.89 billion, a P/E ratio of 25.86 and a beta of 2.11. OneSpaWorld Holdings Limited has a twelve month low of $11.98 and a twelve month high of $23.01. The stock's fifty day moving average price is $19.75 and its two-hundred day moving average price is $18.76. The company has a quick ratio of 1.29, a current ratio of 1.84 and a debt-to-equity ratio of 0.18.

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OneSpaWorld Dividend Announcement

The business 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 dividend on an annualized basis and a dividend yield of 0.88%. The ex-dividend date is Wednesday, March 12th. OneSpaWorld's dividend payout ratio (DPR) is presently 22.86%.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. Truist Financial upped their price target 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. Stifel Nicolaus raised their price objective on OneSpaWorld from $24.00 to $25.00 and gave the stock a "buy" rating in a report on Wednesday, January 15th.

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.