Morse Asset Management Inc Acquires New Position in OneSpaWorld Holdings Limited (NASDAQ:OSW)

Morse Asset Management Inc purchased a new stake in OneSpaWorld Holdings Limited (NASDAQ:OSW) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 13,000 shares of the company’s stock, valued at approximately $200,000.

Other large investors also recently bought and sold shares of the company. ProShare Advisors LLC increased its holdings in shares of OneSpaWorld by 8.5% in the 1st 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 in the last quarter. Principal Financial Group Inc. increased its holdings in OneSpaWorld by 20.9% in the second quarter. Principal Financial Group Inc. now owns 13,572 shares of the company’s stock valued at $209,000 after buying an additional 2,350 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its position in shares of OneSpaWorld by 13.6% during the 1st 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 period. Envestnet Asset Management Inc. grew its holdings in shares of OneSpaWorld by 3.3% in the 2nd quarter. Envestnet Asset Management Inc. now owns 125,675 shares of the company’s stock worth $1,932,000 after acquiring an additional 3,981 shares during the period. Finally, Stifel Financial Corp lifted its holdings in shares of OneSpaWorld by 1.1% in the fourth quarter. Stifel Financial Corp now owns 404,122 shares of the company’s stock valued at $5,698,000 after purchasing an additional 4,475 shares in the last quarter. Institutional investors and hedge funds own 95.98% of the company’s stock.

Insider Activity at OneSpaWorld

In other OneSpaWorld news, Director Andrew R. Heyer sold 6,000 shares of the business’s stock in a transaction on Monday, August 5th. The shares were sold at an average price of $14.57, for a total transaction of $87,420.00. Following the sale, the director now directly owns 467,145 shares of the company’s stock, valued at approximately $6,806,302.65. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, CFO Stephen Lazarus sold 8,271 shares of the firm’s stock in a transaction dated Monday, September 23rd. The stock was sold at an average price of $16.75, for a total value of $138,539.25. Following the sale, the chief financial officer now directly owns 726,920 shares of the company’s stock, valued at $12,175,910. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Andrew R. Heyer sold 6,000 shares of the business’s stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $14.57, for a total value of $87,420.00. Following the transaction, the director now directly owns 467,145 shares of the company’s stock, valued at approximately $6,806,302.65. The disclosure for this sale can be found here. In the last 90 days, insiders sold 14,565 shares of company stock worth $230,884. 5.00% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the stock. Truist Financial upped their price objective on shares of OneSpaWorld from $16.00 to $17.00 and gave the company a “buy” rating in a research note on Wednesday, June 12th. TD Cowen increased their target price on shares of OneSpaWorld from $16.00 to $19.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st.

OneSpaWorld Trading Up 0.4 %

OSW opened at $16.68 on Tuesday. The stock has a market capitalization of $1.67 billion, a PE ratio of 61.78 and a beta of 2.14. The firm’s fifty day moving average price is $15.80 and its 200 day moving average price is $14.74. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.03 and a quick ratio of 1.49. OneSpaWorld Holdings Limited has a 12-month low of $9.82 and a 12-month high of $17.30.

OneSpaWorld (NASDAQ:OSW) last posted its earnings results on Wednesday, July 31st. The company reported $0.18 EPS for the quarter, beating the consensus estimate of $0.17 by $0.01. OneSpaWorld had a return on equity of 13.67% and a net margin of 6.26%. The firm had revenue of $224.89 million for the quarter, compared to analysts’ expectations of $220.61 million. During the same period last year, the firm earned $0.13 EPS. As a group, research analysts expect that OneSpaWorld Holdings Limited will post 0.73 EPS for the current fiscal year.

OneSpaWorld Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 4th. Stockholders of record on Wednesday, August 21st were paid a $0.04 dividend. The ex-dividend date was Wednesday, August 21st. This represents a $0.16 annualized dividend and a dividend yield of 0.96%. OneSpaWorld’s dividend payout ratio is currently 59.26%.

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.