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

OneSpaWorld Holdings Limited (NASDAQ:OSW) announced a quarterly dividend on Wednesday, April 30th, Wall Street Journal reports. Shareholders of record on Wednesday, May 21st will be paid a dividend of 0.04 per share on Wednesday, June 4th. This represents a $0.16 dividend on an annualized basis and a yield of 0.83%. The ex-dividend date is Wednesday, May 21st.

OneSpaWorld has a payout ratio of 14.5% meaning its dividend is sufficiently covered by earnings. Analysts expect OneSpaWorld to earn $1.06 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 15.1%.

OneSpaWorld Stock Performance

OneSpaWorld stock opened at $19.31 on Monday. The company has a market cap of $2.02 billion, a PE ratio of 27.59 and a beta of 1.36. The company’s 50-day moving average is $17.35 and its two-hundred day moving average is $18.93. 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 has a 1 year low of $14.21 and a 1 year high of $23.01.

Wall Street Analysts Forecast Growth

OSW has been the subject of a number of research reports. Cowen reissued a “buy” rating on shares of OneSpaWorld in a research note on Thursday, May 1st. Stifel Nicolaus dropped their price objective on shares of OneSpaWorld from $25.00 to $21.00 and set a “buy” rating on the stock in a research report on Tuesday, April 8th. TD Securities dropped their price objective on shares of OneSpaWorld from $24.00 to $22.00 and set a “buy” rating on the stock in a research report on Thursday, May 1st. Finally, Truist Financial reduced their price objective on shares of OneSpaWorld from $22.00 to $19.00 and set a “buy” rating on the stock in a research note on Tuesday, April 29th. Five investment analysts have rated the stock with a buy rating, According to MarketBeat, OneSpaWorld currently has a consensus rating of “Buy” and an average price target of $20.25.

Institutional Trading of OneSpaWorld

A hedge fund recently raised its stake in OneSpaWorld stock. AQR Capital Management LLC boosted its position in OneSpaWorld Holdings Limited (NASDAQ:OSW) by 41.4% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 25,286 shares of the company’s stock after acquiring an additional 7,398 shares during the period. AQR Capital Management LLC’s holdings in OneSpaWorld were worth $425,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 95.98% of the company’s stock.

About OneSpaWorld

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.