Principal Financial Group Inc. Acquires 19,565 Shares of OneSpaWorld Holdings Limited (NASDAQ:OSW)

Principal Financial Group Inc. boosted its holdings in OneSpaWorld Holdings Limited (NASDAQ:OSW) by 144.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 33,137 shares of the company’s stock after purchasing an additional 19,565 shares during the period. Principal Financial Group Inc.’s holdings in OneSpaWorld were worth $547,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in OSW. ProShare Advisors LLC lifted 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 acquiring an additional 1,181 shares during the last quarter. Emerald Advisers LLC lifted its stake in OneSpaWorld by 3.7% in the third quarter. Emerald Advisers LLC now owns 65,498 shares of the company’s stock valued at $1,081,000 after acquiring an additional 2,310 shares during the last quarter. Kings Path Partners LLC lifted its stake in OneSpaWorld by 3.2% in the third quarter. Kings Path Partners LLC now owns 77,145 shares of the company’s stock valued at $1,274,000 after acquiring an additional 2,380 shares during the last quarter. Quarry LP lifted its stake in OneSpaWorld by 178.9% in the second quarter. Quarry LP now owns 4,306 shares of the company’s stock valued at $66,000 after acquiring an additional 2,762 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its stake in OneSpaWorld by 13.6% in the first quarter. Price T Rowe Associates Inc. MD now owns 23,858 shares of the company’s stock valued at $316,000 after acquiring an additional 2,860 shares during the last quarter. Institutional investors own 95.98% of the company’s stock.

OneSpaWorld Stock Performance

NASDAQ OSW opened at $19.39 on Monday. The firm has a 50-day moving average of $17.49 and a 200-day moving average of $16.18. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.29 and a current ratio of 1.84. The stock has a market cap of $2.02 billion, a PE ratio of 39.57 and a beta of 2.13. OneSpaWorld Holdings Limited has a 52-week low of $11.49 and a 52-week high of $19.61.

OneSpaWorld Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 4th. Stockholders of record on Wednesday, November 20th will be paid a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.83%. The ex-dividend date of this dividend is Wednesday, November 20th. OneSpaWorld’s dividend payout ratio is presently 32.65%.

Insider Transactions at OneSpaWorld

In other OneSpaWorld news, CFO Stephen Lazarus sold 170,339 shares of the firm’s stock in a transaction dated Thursday, September 26th. The shares were sold at an average price of $16.91, for a total value of $2,880,432.49. Following the transaction, the chief financial officer now directly owns 556,581 shares of the company’s stock, valued at $9,411,784.71. This trade represents a 23.43 % decrease in their position. The transaction 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 dated Wednesday, November 6th. The shares were sold at an average price of $18.68, for a total transaction of $1,401,000.00. Following the completion of the transaction, the director now directly owns 545,432 shares in the company, valued at approximately $10,188,669.76. This represents a 12.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 319,810 shares of company stock worth $5,644,816. 5.00% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

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

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.