Rhumbline Advisers Increases Stake in OneSpaWorld Holdings Limited (NASDAQ:OSW)

Rhumbline Advisers boosted its stake in OneSpaWorld Holdings Limited (NASDAQ:OSW) by 6.8% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 138,207 shares of the company’s stock after acquiring an additional 8,753 shares during the period. Rhumbline Advisers owned about 0.13% of OneSpaWorld worth $2,320,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of OSW. Raymond James Financial Inc. purchased a new position in OneSpaWorld during the fourth quarter worth $54,789,000. Vanguard Group Inc. increased its stake in shares of OneSpaWorld by 5.2% in the fourth quarter. Vanguard Group Inc. now owns 2,728,953 shares of the company’s stock worth $54,306,000 after acquiring an additional 135,923 shares during the last quarter. Dimensional Fund Advisors LP increased its position in OneSpaWorld by 4.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,612,894 shares of the company’s stock worth $51,997,000 after purchasing an additional 120,979 shares during the last quarter. Capital International Investors increased its holdings in OneSpaWorld by 17.7% in the fourth quarter. Capital International Investors now owns 2,531,129 shares of the company’s stock worth $50,369,000 after buying an additional 380,611 shares during the last quarter. Finally, Wellington Management Group LLP increased its stake in shares of OneSpaWorld by 16.8% during the 4th quarter. Wellington Management Group LLP now owns 2,092,683 shares of the company’s stock worth $41,644,000 after purchasing an additional 301,651 shares during the last quarter. Hedge funds and other institutional investors own 95.98% of the company’s stock.

OneSpaWorld Stock Performance

Shares of OSW opened at $19.26 on Tuesday. The company has a quick ratio of 1.29, a current ratio of 1.84 and a debt-to-equity ratio of 0.18. The business’s 50 day moving average price is $18.32 and its 200-day moving average price is $18.96. OneSpaWorld Holdings Limited has a 52 week low of $14.21 and a 52 week high of $23.01. The stock has a market cap of $1.98 billion, a P/E ratio of 27.51 and a beta of 1.39.

OneSpaWorld Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 4th. Investors of record on Wednesday, May 21st were paid a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a yield of 0.83%. The ex-dividend date was Wednesday, May 21st. OneSpaWorld’s dividend payout ratio (DPR) is presently 25.00%.

Insider Activity

In related news, Director Walter Field Mclallen sold 14,189 shares of the company’s stock in a transaction dated Friday, May 16th. The shares were sold at an average price of $19.35, for a total transaction of $274,557.15. Following the transaction, the director now directly owns 156,728 shares in the company, valued at approximately $3,032,686.80. This represents a 8.30% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 5.00% of the company’s stock.

Analyst Upgrades and Downgrades

OSW has been the topic of several analyst reports. Cowen restated a “buy” rating on shares of OneSpaWorld in a report on Thursday, May 1st. Truist Financial upped their target price on OneSpaWorld from $19.00 to $21.00 and gave the company a “buy” rating in a research report on Monday, June 9th. TD Securities dropped their price target on shares of OneSpaWorld from $24.00 to $22.00 and set a “buy” rating on the stock in a research report on Thursday, May 1st. Finally, Stifel Nicolaus lifted their price objective on shares of OneSpaWorld from $21.00 to $23.00 and gave the stock a “buy” rating in a research report on Friday, May 23rd. Five research analysts have rated the stock with a buy rating, According to MarketBeat.com, OneSpaWorld presently has a consensus rating of “Buy” and a consensus target price of $21.25.

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.