Algert Global LLC Has $4.84 Million Position in OneSpaWorld Holdings Limited (NASDAQ:OSW)

Algert Global LLC increased its holdings in shares of OneSpaWorld Holdings Limited (NASDAQ:OSW) by 1,072.8% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 293,325 shares of the company’s stock after purchasing an additional 268,315 shares during the quarter. Algert Global LLC owned 0.28% of OneSpaWorld worth $4,843,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Quarry LP grew its holdings in shares of OneSpaWorld by 178.9% during the second quarter. Quarry LP now owns 4,306 shares of the company’s stock worth $66,000 after buying an additional 2,762 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its position in shares of 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 purchasing an additional 11,256 shares in the last quarter. Morse Asset Management Inc acquired a new position in OneSpaWorld during the second quarter worth $200,000. Principal Financial Group Inc. grew its position 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 purchasing an additional 2,350 shares in the last quarter. Finally, ProShare Advisors LLC increased its stake in 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 buying an additional 1,181 shares during the last quarter. Institutional investors and hedge funds own 95.98% of the company’s stock.

OneSpaWorld Price Performance

NASDAQ:OSW opened at $19.39 on Monday. The company has a quick ratio of 1.29, a current ratio of 1.84 and a debt-to-equity ratio of 0.18. OneSpaWorld Holdings Limited has a 12-month low of $11.49 and a 12-month high of $19.61. The stock’s 50 day moving average price is $17.49 and its two-hundred day moving average price is $16.18. The firm has a market capitalization of $2.02 billion, a price-to-earnings ratio of 39.57 and a beta of 2.13.

OneSpaWorld Announces Dividend

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

Wall Street Analysts Forecast Growth

Separately, TD Cowen upped their price objective on OneSpaWorld from $16.00 to $19.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st.

Insider Buying and Selling at OneSpaWorld

In other news, Director Andrew R. Heyer sold 75,000 shares of the business’s stock in a transaction that occurred on 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 sale, the director now owns 545,432 shares in the company, valued at $10,188,669.76. The trade was a 12.09 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Stephen Lazarus sold 8,271 shares of the stock in a transaction that occurred on Monday, September 23rd. The stock was sold at an average price of $16.75, for a total value of $138,539.25. Following the transaction, the chief financial officer now owns 726,920 shares in the company, valued at approximately $12,175,910. This trade represents a 1.13 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 319,810 shares of company stock worth $5,644,816 over the last ninety days. Insiders own 5.00% of the company’s stock.

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.