Algert Global LLC Buys 268,315 Shares of OneSpaWorld Holdings Limited (NASDAQ:OSW)

Algert Global LLC boosted its stake in shares of OneSpaWorld Holdings Limited (NASDAQ:OSW) by 1,072.8% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 293,325 shares of the company’s stock after buying an additional 268,315 shares during the quarter. Algert Global LLC’s holdings in OneSpaWorld were worth $4,843,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. ProShare Advisors LLC boosted its holdings in OneSpaWorld by 8.5% in the first quarter. ProShare Advisors LLC now owns 14,997 shares of the company’s stock valued at $198,000 after acquiring an additional 1,181 shares during the last quarter. Emerald Advisers LLC lifted its stake in shares of OneSpaWorld by 3.7% in the 3rd quarter. Emerald Advisers LLC now owns 65,498 shares of the company’s stock valued at $1,081,000 after purchasing an additional 2,310 shares during the period. Principal Financial Group Inc. boosted its holdings in shares of OneSpaWorld by 20.9% during the 2nd quarter. Principal Financial Group Inc. now owns 13,572 shares of the company’s stock worth $209,000 after buying an additional 2,350 shares in the last quarter. Kings Path Partners LLC grew its position in shares of OneSpaWorld by 3.2% during the 3rd quarter. Kings Path Partners LLC now owns 77,145 shares of the company’s stock worth $1,274,000 after buying an additional 2,380 shares during the period. Finally, Quarry LP increased its stake in shares of OneSpaWorld by 178.9% in the 2nd quarter. Quarry LP now owns 4,306 shares of the company’s stock valued at $66,000 after acquiring an additional 2,762 shares in the last quarter. Institutional investors and hedge funds own 95.98% of the company’s stock.

Insider Buying and Selling at OneSpaWorld

In other news, Director Andrew R. Heyer sold 75,000 shares of the firm’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 value of $1,401,000.00. Following the transaction, the director now owns 545,432 shares in the company, valued at $10,188,669.76. This trade represents a 12.09 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Stephen Lazarus sold 170,339 shares of the company’s stock in a transaction on Thursday, September 26th. The stock was sold at an average price of $16.91, for a total value of $2,880,432.49. Following the sale, the chief financial officer now owns 556,581 shares of the company’s stock, valued at $9,411,784.71. This trade represents a 23.43 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 319,810 shares of company stock valued at $5,644,816. Corporate insiders own 5.00% of the company’s stock.

Analysts Set New Price Targets

Separately, 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.

OneSpaWorld Trading Up 1.5 %

Shares of OneSpaWorld stock opened at $19.39 on Monday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.29 and a current ratio of 1.84. OneSpaWorld Holdings Limited has a 52 week low of $11.49 and a 52 week high of $19.61. The stock has a 50 day moving average price of $17.49 and a two-hundred day moving average price of $16.18. The stock has a market capitalization of $2.02 billion, a PE ratio of 39.57 and a beta of 2.13.

OneSpaWorld Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 4th. Shareholders of record on Wednesday, November 20th will be issued a dividend of $0.04 per share. The ex-dividend date is Wednesday, November 20th. This represents a $0.16 annualized dividend and a yield of 0.83%. OneSpaWorld’s payout ratio 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.