Driehaus Capital Management LLC Trims Stock Position in OneSpaWorld Holdings Limited $OSW

Key Points

• Driehaus Capital Management LLC has reduced its stake in OneSpaWorld Holdings Limited by 34% by selling 633,867 shares, leaving them with approximately 1.18% ownership valued at around $20.66 million.
• OneSpaWorld recently declared a quarterly dividend of $0.04 per share, which will be paid on September 3rd, representing an annualized yield of 0.7%.
• Analysts maintain a consensus rating of "Buy" for OneSpaWorld, with a target price of $22.67, reflecting confidence in the company's future performance.

Driehaus Capital Management LLC reduced its position in shares of OneSpaWorld Holdings Limited (NASDAQ:OSW - Free Report) by 34.0% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,230,531 shares of the company's stock after selling 633,867 shares during the period. Driehaus Capital Management LLC owned 1.18% of OneSpaWorld worth $20,661,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. OMERS ADMINISTRATION Corp acquired a new stake in OneSpaWorld during the first quarter worth about $766,000. Champlain Investment Partners LLC acquired a new stake in OneSpaWorld during the first quarter worth about $17,587,000. Virtus Advisers LLC acquired a new stake in shares of OneSpaWorld during the first quarter valued at about $67,000. Penn Capital Management Company LLC acquired a new stake in shares of OneSpaWorld during the first quarter valued at about $472,000. Finally, Smartleaf Asset Management LLC increased its position in shares of OneSpaWorld by 27.9% during 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 during the last quarter. 95.98% of the stock is currently owned by institutional investors and hedge funds.

OneSpaWorld Stock Down 1.1%

Shares of NASDAQ OSW traded down $0.24 during midday trading on Thursday, hitting $22.13. The company's stock had a trading volume of 840,975 shares, compared to its average volume of 453,827. The business's fifty day simple moving average is $21.83 and its two-hundred day simple moving average is $19.48. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.88 and a quick ratio of 1.19. OneSpaWorld Holdings Limited has a 1 year low of $14.21 and a 1 year high of $23.28. The firm has a market capitalization of $2.27 billion, a price-to-earnings ratio of 32.54 and a beta of 1.32.

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

OneSpaWorld Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 3rd. Shareholders of record on Wednesday, August 20th were issued a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a yield of 0.7%. The ex-dividend date was Wednesday, August 20th. OneSpaWorld's payout ratio is 23.53%.

Insider Activity at OneSpaWorld

In other OneSpaWorld news, Director Andrew R. Heyer sold 31,289 shares of the business's stock in a transaction that occurred on Thursday, August 21st. The shares were sold at an average price of $21.59, for a total transaction of $675,529.51. Following the completion of the transaction, the director owned 332,145 shares in the company, valued at $7,171,010.55. The trade was a 8.61% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Glenn Fusfield sold 23,116 shares of the business's stock in a transaction that occurred on Thursday, August 21st. The stock was sold at an average price of $21.57, for a total transaction of $498,612.12. Following the transaction, the director owned 151,799 shares of the company's stock, valued at $3,274,304.43. This trade represents a 13.22% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 238,263 shares of company stock valued at $5,250,920 in the last quarter. 3.90% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on OSW. Wall Street Zen cut shares of OneSpaWorld from a "buy" rating to a "hold" rating in a research report on Saturday, August 23rd. Truist Financial lifted their price target on shares of OneSpaWorld from $19.00 to $21.00 and gave the company a "buy" rating in a research report on Monday, June 9th. Stifel Nicolaus lifted their price target on shares of OneSpaWorld from $23.00 to $25.00 and gave the company a "buy" rating in a research report on Thursday, July 31st. Finally, William Blair reiterated an "outperform" rating on shares of OneSpaWorld in a research report on Wednesday, July 23rd. Five investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock presently has a consensus rating of "Buy" and an average target price of $22.67.

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.