Principal Financial Group Inc. Purchases 19,565 Shares of OneSpaWorld Holdings Limited (NASDAQ:OSW)

Principal Financial Group Inc. grew its position in OneSpaWorld Holdings Limited (NASDAQ:OSW) by 144.2% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 33,137 shares of the company’s stock after purchasing an additional 19,565 shares during the quarter. Principal Financial Group Inc.’s holdings in OneSpaWorld were worth $547,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Divisadero Street Capital Management LP bought a new position in OneSpaWorld during the second quarter worth $7,685,000. Marshall Wace LLP raised its holdings in shares of OneSpaWorld by 92.1% in the second quarter. Marshall Wace LLP now owns 444,911 shares of the company’s stock valued at $6,838,000 after purchasing an additional 213,328 shares during the last quarter. Renaissance Technologies LLC raised its holdings in shares of OneSpaWorld by 11.2% in the second quarter. Renaissance Technologies LLC now owns 1,331,413 shares of the company’s stock valued at $20,464,000 after purchasing an additional 134,205 shares during the last quarter. William Blair Investment Management LLC increased its holdings in OneSpaWorld by 8.0% during the second quarter. William Blair Investment Management LLC now owns 1,588,152 shares of the company’s stock worth $24,410,000 after buying an additional 117,241 shares during the last quarter. Finally, Driehaus Capital Management LLC increased its holdings in OneSpaWorld by 6.1% during the second quarter. Driehaus Capital Management LLC now owns 1,867,527 shares of the company’s stock worth $28,704,000 after buying an additional 106,910 shares during the last quarter. 95.98% of the stock is owned by institutional investors.

OneSpaWorld Stock Performance

NASDAQ OSW opened at $19.39 on Monday. OneSpaWorld Holdings Limited has a 52-week low of $11.49 and a 52-week high of $19.61. The company has a 50-day simple moving average of $17.49 and a 200 day simple moving average of $16.18. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.29 and a current ratio of 1.84. The company has a market capitalization of $2.02 billion, a PE ratio of 39.57 and a beta of 2.13.

OneSpaWorld Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 4th. Shareholders of record on Wednesday, November 20th will be given a dividend of $0.04 per share. The ex-dividend date of this dividend is Wednesday, November 20th. This represents a $0.16 dividend on an annualized basis and a yield of 0.83%. OneSpaWorld’s dividend payout ratio is presently 32.65%.

Insiders Place Their Bets

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 shares were sold at an average price of $18.68, for a total value of $1,401,000.00. Following the completion of the transaction, the director now directly owns 545,432 shares in the company, valued at approximately $10,188,669.76. This trade represents a 12.09 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Stephen Lazarus sold 8,271 shares of the firm’s stock in a transaction that occurred on Monday, September 23rd. The shares were sold at an average price of $16.75, for a total transaction of $138,539.25. Following the completion of the transaction, the chief financial officer now owns 726,920 shares of the company’s stock, valued at $12,175,910. This trade represents a 1.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 319,810 shares of company stock worth $5,644,816 over the last quarter. 5.00% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Separately, TD Cowen raised their price objective 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 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.