Lord Abbett & CO. LLC Grows Holdings in OneSpaWorld Holdings Limited (NASDAQ:OSW)

Lord Abbett & CO. LLC boosted its position in shares of OneSpaWorld Holdings Limited (NASDAQ:OSW) by 53.5% during the third quarter, Holdings Channel.com reports. The fund owned 615,730 shares of the company’s stock after acquiring an additional 214,557 shares during the quarter. Lord Abbett & CO. LLC’s holdings in OneSpaWorld were worth $10,166,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also added to or reduced their stakes in the company. Morse Asset Management Inc raised its position in shares of OneSpaWorld by 8.1% during the 3rd quarter. Morse Asset Management Inc now owns 14,050 shares of the company’s stock valued at $232,000 after purchasing an additional 1,050 shares during the period. Zacks Investment Management increased its stake in OneSpaWorld by 13.3% in the 3rd quarter. Zacks Investment Management now owns 16,052 shares of the company’s stock worth $265,000 after buying an additional 1,881 shares in the last quarter. Emerald Advisers LLC raised its holdings in OneSpaWorld by 3.7% during the third quarter. Emerald Advisers LLC now owns 65,498 shares of the company’s stock valued at $1,081,000 after acquiring an additional 2,310 shares during the period. Principal Financial Group Inc. lifted its position in shares of 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 acquiring an additional 2,350 shares in the last quarter. Finally, Kings Path Partners LLC boosted its stake in shares of OneSpaWorld by 3.2% in the third quarter. Kings Path Partners LLC now owns 77,145 shares of the company’s stock worth $1,274,000 after acquiring an additional 2,380 shares during the period. Hedge funds and other institutional investors own 95.98% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Truist Financial lifted 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 Activity

In other OneSpaWorld news, Director Andrew R. Heyer sold 75,000 shares of the company’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 sale, the director now directly owns 545,432 shares in the company, valued at $10,188,669.76. This represents a 12.09 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Walter Field Mclallen sold 18,000 shares of OneSpaWorld stock in a transaction that occurred on 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 trade represents a 9.53 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 337,810 shares of company stock worth $6,012,016. 5.00% of the stock is currently owned by insiders.

OneSpaWorld Trading Up 0.2 %

Shares of OSW stock opened at $20.26 on Tuesday. The stock’s 50-day moving average price is $18.50 and its 200-day moving average price is $16.70. OneSpaWorld Holdings Limited has a 12-month low of $11.98 and a 12-month high of $20.57. The stock has a market capitalization of $2.11 billion, a price-to-earnings ratio of 41.35 and a beta of 2.13. The company has a current ratio of 1.84, a quick ratio of 1.29 and a debt-to-equity ratio of 0.18.

OneSpaWorld Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 4th. Stockholders of record on Wednesday, November 20th were issued a dividend of $0.04 per share. The ex-dividend date of this dividend was Wednesday, November 20th. This represents a $0.16 annualized dividend and a dividend yield of 0.79%. OneSpaWorld’s dividend payout ratio (DPR) is 32.65%.

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.