Principal Financial Group Inc. Grows Position in OneSpaWorld Holdings Limited (NASDAQ:OSW)

Principal Financial Group Inc. grew its holdings in OneSpaWorld Holdings Limited (NASDAQ:OSW) by 144.2% in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 33,137 shares of the company’s stock after buying an additional 19,565 shares during the quarter. Principal Financial Group Inc.’s holdings in OneSpaWorld were worth $547,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the business. Quarry LP lifted its position in shares of OneSpaWorld by 178.9% in the 2nd quarter. Quarry LP now owns 4,306 shares of the company’s stock worth $66,000 after purchasing an additional 2,762 shares during the period. Point72 DIFC Ltd bought a new position in shares of OneSpaWorld during the third quarter valued at approximately $81,000. Allspring Global Investments Holdings LLC boosted its holdings 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 worth $174,000 after acquiring an additional 11,256 shares in the last quarter. Glenmede Trust Co. NA bought a new stake in OneSpaWorld during the 3rd quarter valued at about $210,000. Finally, Morse Asset Management Inc purchased a new stake in shares of OneSpaWorld during the second quarter valued at approximately $200,000. 95.98% of the stock is currently owned by institutional investors.

OneSpaWorld Stock Performance

OSW opened at $19.32 on Monday. The company has a 50 day simple moving average of $19.26 and a two-hundred day simple moving average of $17.15. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.84 and a quick ratio of 1.29. The firm has a market cap of $2.01 billion, a P/E ratio of 39.43 and a beta of 2.13. OneSpaWorld Holdings Limited has a 1-year low of $11.98 and a 1-year high of $20.57.

OneSpaWorld Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 4th. Shareholders of record on Wednesday, November 20th were paid a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a yield of 0.83%. The ex-dividend date was Wednesday, November 20th. OneSpaWorld’s payout ratio is 32.65%.

Insider Buying and Selling at OneSpaWorld

In other news, CFO Stephen Lazarus sold 65,906 shares of the business’s stock in a transaction dated 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 completion of the sale, the chief financial officer now owns 490,675 shares in the company, valued at approximately $9,082,394.25. The trade was a 11.84 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Andrew R. Heyer sold 75,000 shares of the business’s stock in a transaction dated 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 transaction, the director now owns 545,432 shares of the company’s stock, valued at $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. Insiders sold 158,906 shares of company stock worth $2,988,120 over the last 90 days. 5.00% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

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

OneSpaWorld 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.