OneSpaWorld Holdings Limited (NASDAQ:OSW) Raises Dividend to $0.06 Per Share

OneSpaWorld Holdings Limited (NASDAQ:OSW) announced a quarterly dividend on Wednesday, October 28th. Stockholders of record on Wednesday, November 18th will be given a dividend of $0.0625 per share on Wednesday, December 2nd. This represents a $0.25 annualized dividend and a dividend yield of 0.9%. The ex-dividend date is Wednesday, November 18th. This is a 25.0% increase from OneSpaWorld’s previous quarterly dividend of $0.05.

OneSpaWorld has increased its dividend by an average of 0.2% per year over the last three years. OneSpaWorld has a payout ratio of 18.2% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect OneSpaWorld to earn $1.20 per share next year, which means the company should continue to be able to cover its $0.20 annual dividend with an expected future payout ratio of 16.7%.

OneSpaWorld Price Performance

OneSpaWorld stock opened at $28.07 on Thursday. OneSpaWorld has a 12-month low of $19.06 and a 12-month high of $29.25. The company has a current ratio of 2.91, a quick ratio of 1.93 and a debt-to-equity ratio of 0.14. The firm has a 50-day moving average price of $23.64 and a 200-day moving average price of $23.79. The firm has a market capitalization of $2.85 billion, a PE ratio of 35.53 and a beta of 0.90.

OneSpaWorld (NASDAQ:OSW) last posted its quarterly earnings data on Wednesday, October 28th. The company reported $0.34 earnings per share for the quarter, topping analysts’ consensus estimates of $0.31 by $0.03. The company had revenue of $276.53 million for the quarter, compared to analyst estimates of $272.34 million. OneSpaWorld had a net margin of 8.02% and a return on equity of 18.36%. The firm’s revenue for the quarter was up 7.0% on a year-over-year basis. During the same period in the prior year, the company posted $0.29 EPS. As a group, equities research analysts forecast that OneSpaWorld will post 1.05 EPS for the current year.

Insider Buying and Selling

In other news, Director Andrew Heyer sold 4,781 shares of the company’s stock in a transaction on Monday, August 10th. The shares were sold at an average price of $26.07, for a total value of $124,640.67. Following the sale, the director directly owned 302,145 shares of the company’s stock, valued at $7,876,920.15. This represents a 1.56% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In the last ninety days, insiders have sold 60,000 shares of company stock worth $1,583,927. Insiders own 3.60% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. BlackRock Inc. purchased a new stake in shares of OneSpaWorld in the second quarter valued at approximately $278,024,000. Bank of America Corp DE acquired a new position in shares of OneSpaWorld during the 2nd quarter worth approximately $119,564,000. Reinhart Partners LLC. raised its stake in shares of OneSpaWorld by 2.0% during the 2nd quarter. Reinhart Partners LLC. now owns 3,962,810 shares of the company’s stock worth $111,910,000 after buying an additional 78,022 shares during the period. Wellington Management Group LLP lifted its position in shares of OneSpaWorld by 25.1% during the 2nd quarter. Wellington Management Group LLP now owns 2,709,623 shares of the company’s stock valued at $76,520,000 after buying an additional 543,027 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in shares of OneSpaWorld by 1.2% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,335,346 shares of the company’s stock valued at $53,590,000 after buying an additional 27,309 shares in the last quarter. Hedge funds and other institutional investors own 95.98% of the company’s stock.

About OneSpaWorld

OneSpaWorld Holdings Limited (NASDAQ: OSW) provides health, wellness and beauty services primarily aboard cruise ships and at destination resorts. The company operates and manages spas, salons, fitness centers and wellness facilities for cruise lines and resort operators, serving travelers in international markets.

Its services include massages and other spa treatments, facials, skincare, hair and beauty services, fitness and wellness programs, medi-spa treatments, acupuncture and related health services.