Raymond James Financial Inc. Purchases New Stake in OneSpaWorld Holdings Limited (NASDAQ:OSW)

Raymond James Financial Inc. purchased a new stake in OneSpaWorld Holdings Limited (NASDAQ:OSW) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 2,753,221 shares of the company’s stock, valued at approximately $54,789,000.

Other institutional investors have also recently modified their holdings of the company. Principal Financial Group Inc. raised its holdings in shares of OneSpaWorld by 144.2% in the third quarter. Principal Financial Group Inc. now owns 33,137 shares of the company’s stock worth $547,000 after acquiring an additional 19,565 shares during the last quarter. Versor Investments LP acquired a new position in shares of OneSpaWorld in the third quarter worth $449,000. Victory Capital Management Inc. raised its holdings in shares of OneSpaWorld by 55.6% in the third quarter. Victory Capital Management Inc. now owns 92,005 shares of the company’s stock worth $1,519,000 after acquiring an additional 32,888 shares during the last quarter. One Wealth Management Investment & Advisory Services LLC raised its holdings in shares of OneSpaWorld by 8.2% in the third quarter. One Wealth Management Investment & Advisory Services LLC now owns 239,275 shares of the company’s stock worth $3,950,000 after acquiring an additional 18,233 shares during the last quarter. Finally, Royce & Associates LP acquired a new position in shares of OneSpaWorld in the third quarter worth $2,295,000. 95.98% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

OSW has been the subject of several analyst reports. Stifel Nicolaus upped their target price on OneSpaWorld from $24.00 to $25.00 and gave the company a “buy” rating in a research note on Wednesday, January 15th. Truist Financial upped their target price on OneSpaWorld from $17.00 to $22.00 and gave the company a “buy” rating in a research note on Tuesday, December 3rd.

Insider Transactions at OneSpaWorld

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

OneSpaWorld Price Performance

Shares of NASDAQ OSW opened at $17.30 on Tuesday. OneSpaWorld Holdings Limited has a 1-year low of $11.98 and a 1-year high of $23.01. The business has a 50-day moving average of $20.17 and a 200-day moving average of $18.63. 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 company has a market capitalization of $1.81 billion, a price-to-earnings ratio of 24.71 and a beta of 2.11.

OneSpaWorld Announces Dividend

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 $0.04 dividend. This represents a $0.16 annualized dividend and a dividend yield of 0.92%. The ex-dividend date of this dividend is Wednesday, March 12th. OneSpaWorld’s payout ratio is 22.86%.

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.