Principal Financial Group Inc. Increases Stake in OneSpaWorld Holdings Limited (NASDAQ:OSW)

Principal Financial Group Inc. lifted its stake in OneSpaWorld Holdings Limited (NASDAQ:OSW) by 6.9% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 35,418 shares of the company’s stock after buying an additional 2,281 shares during the quarter. Principal Financial Group Inc.’s holdings in OneSpaWorld were worth $705,000 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 the stock. USA Financial Formulas bought a new stake in OneSpaWorld in the 4th quarter valued at $36,000. Point72 DIFC Ltd bought a new stake in shares of OneSpaWorld in the third quarter worth about $81,000. KBC Group NV bought a new stake in shares of OneSpaWorld in the fourth quarter worth about $121,000. Longboard Asset Management LP purchased a new stake in shares of OneSpaWorld in the fourth quarter worth about $209,000. Finally, Simon Quick Advisors LLC bought a new position in OneSpaWorld during the fourth quarter valued at approximately $247,000. Institutional investors own 95.98% of the company’s stock.

Insider Activity at OneSpaWorld

In related news, Director Walter Field Mclallen sold 18,000 shares of the company’s stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $20.40, for a total transaction of $367,200.00. Following the transaction, the director now directly owns 170,917 shares in the company, valued at approximately $3,486,706.80. This represents a 9.53 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 5.00% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of analysts have issued reports on the company. Stifel Nicolaus lifted their price objective on OneSpaWorld from $24.00 to $25.00 and gave the stock a “buy” rating in a research note on Wednesday, January 15th. Truist Financial boosted 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.

OneSpaWorld Trading Down 2.8 %

Shares of NASDAQ OSW opened at $18.41 on Friday. OneSpaWorld Holdings Limited has a 1-year low of $11.98 and a 1-year high of $23.01. 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 business’s 50 day moving average is $20.26 and its two-hundred day moving average is $18.55. The stock has a market capitalization of $1.93 billion, a P/E ratio of 26.30 and a beta of 2.11.

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 annualized dividend and a dividend yield of 0.87%. The ex-dividend date of this dividend is Wednesday, March 12th. OneSpaWorld’s dividend payout ratio is currently 22.86%.

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.