Have OneSpaWorld Holdings Insiders Been Selling Stock?
Simply Wall St · 09/15 10:02

Some OneSpaWorld Holdings Limited (NASDAQ:OSW) shareholders may be a little concerned to see that the Independent Director, Andrew Heyer, recently sold a substantial US$872k worth of stock at a price of US$11.62 per share. However, that sale only accounted for 7.4% of their holding, so arguably it doesn't say much about their conviction.

Check out our latest analysis for OneSpaWorld Holdings

OneSpaWorld Holdings Insider Transactions Over The Last Year

Over the last year, we can see that the biggest insider sale was by the insider, Steven Heyer, for US$2.4m worth of shares, at about US$10.26 per share. That means that even when the share price was below the current price of US$11.91, an insider wanted to cash in some shares. As a general rule we consider it to be discouraging when insiders are selling below the current price, because it suggests they were happy with a lower valuation. Please do note, however, that sellers may have a variety of reasons for selling, so we don't know for sure what they think of the stock price. We note that the biggest single sale was only 21% of Steven Heyer's holding.

Insiders in OneSpaWorld Holdings didn't buy any shares in the last year. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!

NasdaqCM:OSW Insider Trading Volume September 15th 2023

I will like OneSpaWorld Holdings better if I see some big insider buys. While we wait, check out this free list of growing companies with considerable, recent, insider buying.

Insider Ownership Of OneSpaWorld Holdings

For a common shareholder, it is worth checking how many shares are held by company insiders. I reckon it's a good sign if insiders own a significant number of shares in the company. It appears that OneSpaWorld Holdings insiders own 4.7% of the company, worth about US$54m. While this is a strong but not outstanding level of insider ownership, it's enough to indicate some alignment between management and smaller shareholders.

So What Do The OneSpaWorld Holdings Insider Transactions Indicate?

Insiders sold stock recently, but they haven't been buying. And even if we look at the last year, we didn't see any purchases. Insiders own shares, but we're still pretty cautious, given the history of sales. We're in no rush to buy! While we like knowing what's going on with the insider's ownership and transactions, we make sure to also consider what risks are facing a stock before making any investment decision. At Simply Wall St, we found 2 warning signs for OneSpaWorld Holdings that deserve your attention before buying any shares.

If you would prefer to check out another company -- one with potentially superior financials -- then do not miss this free list of interesting companies, that have HIGH return on equity and low debt.

For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions of direct interests only, but not derivative transactions or indirect interests.