Ethic Inc. Purchases 1,926 Shares of OneSpaWorld Holdings Limited $OSW

Ethic Inc. lifted its position in OneSpaWorld Holdings Limited (NASDAQ:OSW) by 12.3% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 17,561 shares of the company’s stock after buying an additional 1,926 shares during the period. Ethic Inc.’s holdings in OneSpaWorld were worth $359,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the company. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in shares of OneSpaWorld in the 2nd quarter valued at $663,000. Moran Wealth Management LLC increased its position in shares of OneSpaWorld by 1.5% in the 2nd quarter. Moran Wealth Management LLC now owns 37,045 shares of the company’s stock valued at $755,000 after buying an additional 543 shares in the last quarter. Vest Financial LLC increased its position in shares of OneSpaWorld by 24.9% in the 2nd quarter. Vest Financial LLC now owns 114,033 shares of the company’s stock valued at $2,325,000 after buying an additional 22,746 shares in the last quarter. Fenimore Asset Management Inc increased its position in shares of OneSpaWorld by 0.4% in the 2nd quarter. Fenimore Asset Management Inc now owns 935,555 shares of the company’s stock valued at $19,076,000 after buying an additional 4,188 shares in the last quarter. Finally, DAVENPORT & Co LLC increased its position in shares of OneSpaWorld by 0.5% in the 2nd quarter. DAVENPORT & Co LLC now owns 1,921,094 shares of the company’s stock valued at $39,243,000 after buying an additional 9,153 shares in the last quarter. Institutional investors own 95.98% of the company’s stock.

OneSpaWorld Trading Up 3.1%

OneSpaWorld stock opened at $21.94 on Thursday. The firm has a 50-day moving average of $21.57 and a 200-day moving average of $20.46. OneSpaWorld Holdings Limited has a one year low of $14.21 and a one year high of $23.28. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.88 and a quick ratio of 1.19. The company has a market cap of $2.25 billion, a price-to-earnings ratio of 32.26 and a beta of 1.29.

OneSpaWorld (NASDAQ:OSW) last issued its earnings results on Wednesday, July 30th. The company reported $0.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.24 by $0.01. OneSpaWorld had a net margin of 7.74% and a return on equity of 15.93%. The business had revenue of $240.73 million during the quarter, compared to the consensus estimate of $238.28 million. During the same period last year, the business posted $0.20 EPS. OneSpaWorld’s revenue was up 7.0% on a year-over-year basis. On average, equities analysts expect that OneSpaWorld Holdings Limited will post 0.9 earnings per share for the current fiscal year.

OneSpaWorld Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 3rd. Investors of record on Wednesday, November 19th will be paid a $0.05 dividend. This is an increase from OneSpaWorld’s previous quarterly dividend of $0.04. The ex-dividend date is Wednesday, November 19th. This represents a $0.20 annualized dividend and a yield of 0.9%. OneSpaWorld’s dividend payout ratio (DPR) is 23.53%.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on OSW shares. Wall Street Zen cut OneSpaWorld from a “buy” rating to a “hold” rating in a report on Friday, September 26th. Weiss Ratings reiterated a “buy (b)” rating on shares of OneSpaWorld in a report on Wednesday, October 8th. Northcoast Research set a $28.00 target price on OneSpaWorld and gave the stock a “buy” rating in a report on Tuesday, October 7th. William Blair reiterated an “outperform” rating on shares of OneSpaWorld in a report on Wednesday, July 23rd. Finally, Stifel Nicolaus increased their target price on OneSpaWorld from $23.00 to $25.00 and gave the stock a “buy” rating in a report on Thursday, July 31st. One equities research analyst has rated the stock with a Strong Buy rating and six have assigned a Buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $24.00.

Insider Activity

In related news, Director Glenn Fusfield sold 11,057 shares of the firm’s stock in a transaction dated Thursday, August 28th. The shares were sold at an average price of $22.59, for a total value of $249,777.63. Following the completion of the sale, the director directly owned 70,360 shares in the company, valued at approximately $1,589,432.40. This trade represents a 13.58% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Andrew R. Heyer sold 31,289 shares of the firm’s stock in a transaction dated Thursday, August 21st. The shares were sold at an average price of $21.59, for a total transaction of $675,529.51. Following the completion of the sale, the director owned 332,145 shares of the company’s stock, valued at $7,171,010.55. This trade represents a 8.61% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 235,763 shares of company stock valued at $5,202,595 over the last quarter. 3.90% of the stock is currently owned by company insiders.

About OneSpaWorld

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.