655,600 Shares in OneSpaWorld Holdings Limited $OSW Purchased by Nitorum Capital L.P.

Key Points

• Nitorum Capital L.P. has acquired 655,600 shares of OneSpaWorld Holdings Limited, valued at approximately $11 million, making it 1.5% of their portfolio.
• OneSpaWorld reported a net margin of 7.74% and a revenue of $240.73 million for the last quarter, exceeding analyst expectations.
• The company has declared a quarterly dividend of $0.04 per share, representing a 0.7% dividend yield, with a payout ratio of 23.53%.

Nitorum Capital L.P. acquired a new stake in shares of OneSpaWorld Holdings Limited (NASDAQ:OSW - Free Report) during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 655,600 shares of the company's stock, valued at approximately $11,008,000. OneSpaWorld makes up about 1.5% of Nitorum Capital L.P.'s investment portfolio, making the stock its 26th largest position. Nitorum Capital L.P. owned 0.63% of OneSpaWorld as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Amalgamated Bank boosted its stake in OneSpaWorld by 22.2% in the first quarter. Amalgamated Bank now owns 3,479 shares of the company's stock valued at $58,000 after acquiring an additional 631 shares in the last quarter. Virtus Advisers LLC acquired a new stake in OneSpaWorld in the first quarter valued at approximately $67,000. Smartleaf Asset Management LLC boosted its stake in OneSpaWorld by 27.9% in the first quarter. Smartleaf Asset Management LLC now owns 6,608 shares of the company's stock valued at $109,000 after acquiring an additional 1,443 shares in the last quarter. GAMMA Investing LLC boosted its stake in OneSpaWorld by 2,005.8% in the first quarter. GAMMA Investing LLC now owns 8,697 shares of the company's stock valued at $146,000 after acquiring an additional 8,284 shares in the last quarter. Finally, MQS Management LLC acquired a new stake in OneSpaWorld in the first quarter valued at approximately $185,000. 95.98% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have recently commented on OSW shares. Wall Street Zen upgraded shares of OneSpaWorld from a "hold" rating to a "buy" rating in a research note on Friday, September 5th. Stifel Nicolaus lifted their price objective on shares of OneSpaWorld from $23.00 to $25.00 and gave the stock a "buy" rating in a research note on Thursday, July 31st. William Blair reiterated an "outperform" rating on shares of OneSpaWorld in a research note on Wednesday, July 23rd. Finally, Truist Financial lifted their price objective on shares of OneSpaWorld from $19.00 to $21.00 and gave the stock a "buy" rating in a research note on Monday, June 9th. Five analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company has an average rating of "Buy" and a consensus price target of $22.67.

Insider Activity

In related news, Director Andrew R. Heyer sold 31,289 shares of OneSpaWorld stock in a transaction dated Thursday, August 21st. The stock was sold at an average price of $21.59, for a total value of $675,529.51. Following the sale, the director directly owned 332,145 shares in the company, valued at approximately $7,171,010.55. The trade was a 8.61% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Glenn Fusfield sold 11,057 shares of OneSpaWorld stock in a transaction dated Thursday, August 28th. The stock was sold at an average price of $22.59, for a total value of $249,777.63. Following the completion of the sale, the director owned 70,360 shares in the company, valued at approximately $1,589,432.40. The trade was a 13.58% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 238,263 shares of company stock worth $5,250,920. 3.90% of the stock is currently owned by insiders.

OneSpaWorld Stock Performance

NASDAQ OSW traded down $0.47 during mid-day trading on Wednesday, reaching $21.66. 202,783 shares of the stock were exchanged, compared to its average volume of 755,871. The company has a market capitalization of $2.22 billion, a P/E ratio of 31.87 and a beta of 1.32. OneSpaWorld Holdings Limited has a 1 year low of $14.21 and a 1 year high of $23.28. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.19 and a current ratio of 1.88. The business's 50 day moving average is $21.92 and its 200-day moving average is $19.48.

OneSpaWorld (NASDAQ:OSW - Get Free Report) last released its quarterly earnings results on Wednesday, July 30th. The company reported $0.25 earnings per share for the quarter, topping analysts' consensus estimates of $0.24 by $0.01. The company had revenue of $240.73 million during the quarter, compared to analysts' expectations of $238.28 million. OneSpaWorld had a return on equity of 15.93% and a net margin of 7.74%.OneSpaWorld's quarterly revenue was up 7.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.20 EPS. OneSpaWorld has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. On average, equities research analysts forecast that OneSpaWorld Holdings Limited will post 0.9 EPS for the current fiscal year.

OneSpaWorld Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 3rd. Investors of record on Wednesday, August 20th were paid a $0.04 dividend. The ex-dividend date of this dividend was Wednesday, August 20th. This represents a $0.16 dividend on an annualized basis and a yield of 0.7%. OneSpaWorld's dividend payout ratio (DPR) is currently 23.53%.

OneSpaWorld 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.