The Independent Director of OneSpaWorld Holdings Limited (NASDAQ:OSW), Jeffrey Stiefler, Just Sold 28% Of Their Holding

By
Simply Wall St
Published
July 01, 2021
NasdaqCM:OSW
Source: Shutterstock

Anyone interested in OneSpaWorld Holdings Limited (NASDAQ:OSW) should probably be aware that the Independent Director, Jeffrey Stiefler, recently divested US$227k worth of shares in the company, at an average price of US$9.10 each. The eyebrow raising move amounted to a reduction of 28% in their holding.

View our latest analysis for OneSpaWorld Holdings

OneSpaWorld Holdings Insider Transactions Over The Last Year

Notably, that recent sale by Jeffrey Stiefler is the biggest insider sale of OneSpaWorld Holdings shares that we've seen in the last year. So it's clear an insider wanted to take some cash off the table, even below the current price of US$9.69. When an insider sells below the current price, it suggests that they considered that lower price to be fair. That makes us wonder what they think of the (higher) recent valuation. While insider selling is not a positive sign, we can't be sure if it does mean insiders think the shares are fully valued, so it's only a weak sign. We note that the biggest single sale was only 28%of Jeffrey Stiefler's holding.

Insiders in OneSpaWorld Holdings didn't buy any shares in the last year. The chart below shows insider transactions (by companies and individuals) over the last year. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!

insider-trading-volume
NasdaqCM:OSW Insider Trading Volume July 1st 2021

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Insider Ownership of OneSpaWorld Holdings

I like to look at how many shares insiders own in a company, to help inform my view of how aligned they are with insiders. I reckon it's a good sign if insiders own a significant number of shares in the company. Insiders own 4.1% of OneSpaWorld Holdings shares, worth about US$36m. 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 Does This Data Suggest About OneSpaWorld Holdings Insiders?

Insiders haven't bought OneSpaWorld Holdings stock in the last three months, but there was some selling. And there weren't any purchases to give us comfort, over the last year. While insiders do own shares, they don't own a heap, and they have been selling. We're in no rush to buy! In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing OneSpaWorld Holdings. At Simply Wall St, we've found that OneSpaWorld Holdings has 4 warning signs (1 doesn't sit too well with us!) that deserve your attention before going any further with your analysis.

Of course OneSpaWorld Holdings may not be the best stock to buy. So you may wish to see this free collection of high quality companies.

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, but not derivative transactions.

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This article by Simply Wall St is general in nature. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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