OneSpaWorld Holdings Limited (NASDAQ:OSW) to Issue $0.04 Quarterly Dividend

OneSpaWorld Holdings Limited (NASDAQ:OSW) announced a quarterly dividend on Wednesday, July 31st, Zacks reports. Stockholders of record on Wednesday, August 21st will be given a dividend of 0.04 per share on Wednesday, September 4th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 1.05%. The ex-dividend date is Wednesday, August 21st.

OneSpaWorld has a payout ratio of 17.0% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect OneSpaWorld to earn $0.80 per share next year, which means the company should continue to be able to cover its $0.16 annual dividend with an expected future payout ratio of 20.0%.

OneSpaWorld Trading Up 0.4 %

NASDAQ OSW opened at $15.30 on Tuesday. The firm’s 50 day moving average price is $15.59 and its two-hundred day moving average price is $14.44. The stock has a market cap of $1.54 billion, a price-to-earnings ratio of 56.67 and a beta of 2.14. OneSpaWorld has a twelve month low of $9.82 and a twelve month high of $17.30. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.34 and a current ratio of 1.85.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. Truist Financial increased their price objective on OneSpaWorld from $16.00 to $17.00 and gave the stock a “buy” rating in a research note on Wednesday, June 12th. TD Cowen raised their price target on shares of OneSpaWorld from $16.00 to $19.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. Stifel Nicolaus upped their price objective on shares of OneSpaWorld from $21.00 to $22.00 and gave the company a “buy” rating in a research note on Thursday, May 23rd. Finally, Loop Capital lifted their target price on shares of OneSpaWorld from $16.00 to $17.00 and gave the company a “buy” rating in a research note on Wednesday, May 15th.

Insider Activity

In other OneSpaWorld news, Director Andrew R. Heyer sold 6,000 shares of the business’s stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $14.57, for a total value of $87,420.00. Following the completion of the sale, the director now directly owns 467,145 shares of the company’s stock, valued at $6,806,302.65. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other OneSpaWorld news, Director Andrew R. Heyer sold 6,000 shares of the firm’s stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $14.57, for a total transaction of $87,420.00. Following the transaction, the director now directly owns 467,145 shares in the company, valued at $6,806,302.65. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Walter Field Mclallen sold 2,500 shares of the company’s stock in a transaction dated Thursday, June 13th. The stock was sold at an average price of $15.23, for a total value of $38,075.00. Following the sale, the director now owns 175,486 shares of the company’s stock, valued at approximately $2,672,651.78. The disclosure for this sale can be found here. Insiders sold a total of 8,531 shares of company stock worth $125,962 in the last three months. 5.00% of the stock is owned by insiders.

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.