Neumeier Poma Investment Counsel LLC Buys 322,705 Shares of OneSpaWorld Holdings Limited (NASDAQ:OSW)

Key Points

• Neumeier Poma Investment Counsel LLC increased its stake in OneSpaWorld Holdings Limited by 37.9%, holding 1,173,827 shares valued at approximately $19.7 million, making it the 22nd largest position in their portfolio.
• OneSpaWorld reported an EPS of $0.25 for the last quarter, surpassing analysts' expectations, with revenue of $240.73 million, an increase of 7.0% year-over-year.
• The company declared a quarterly dividend of $0.04 per share, with a dividend payout ratio of 23.53%, reflecting a yield of 0.7%.

Neumeier Poma Investment Counsel LLC increased its position in shares of OneSpaWorld Holdings Limited (NASDAQ:OSW - Free Report) by 37.9% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,173,827 shares of the company's stock after purchasing an additional 322,705 shares during the quarter. OneSpaWorld accounts for 2.1% of Neumeier Poma Investment Counsel LLC's investment portfolio, making the stock its 22nd biggest holding. Neumeier Poma Investment Counsel LLC owned approximately 1.12% of OneSpaWorld worth $19,709,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of OSW. Amalgamated Bank increased its stake in OneSpaWorld by 22.2% during the first quarter. Amalgamated Bank now owns 3,479 shares of the company's stock worth $58,000 after acquiring an additional 631 shares during the last quarter. Summit Investment Advisors Inc. boosted its position in shares of OneSpaWorld by 6.8% in the fourth quarter. Summit Investment Advisors Inc. now owns 10,511 shares of the company's stock worth $209,000 after buying an additional 668 shares during the period. Pinnacle Wealth Management Advisory Group LLC boosted its position in shares of OneSpaWorld by 7.3% in the first quarter. Pinnacle Wealth Management Advisory Group LLC now owns 11,945 shares of the company's stock worth $201,000 after buying an additional 815 shares during the period. Sheets Smith Wealth Management boosted its position in shares of OneSpaWorld by 3.8% in the first quarter. Sheets Smith Wealth Management now owns 34,199 shares of the company's stock worth $574,000 after buying an additional 1,247 shares during the period. Finally, Balyasny Asset Management L.P. boosted its position in shares of OneSpaWorld by 3.9% in the fourth quarter. Balyasny Asset Management L.P. now owns 40,071 shares of the company's stock worth $797,000 after buying an additional 1,509 shares during the period. 95.98% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at OneSpaWorld

In other news, Director Walter Field Mclallen sold 2,500 shares of OneSpaWorld stock in a transaction dated Thursday, June 12th. The shares were sold at an average price of $19.33, for a total transaction of $48,325.00. Following the sale, the director directly owned 154,228 shares in the company, valued at approximately $2,981,227.24. The trade was a 1.60% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 5.00% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. TD Securities decreased their price objective on OneSpaWorld from $24.00 to $22.00 and set a "buy" rating for the company in a report on Thursday, May 1st. Cowen reaffirmed a "buy" rating on shares of OneSpaWorld in a research note on Thursday, May 1st. Stifel Nicolaus increased their price target on OneSpaWorld from $23.00 to $25.00 and gave the company a "buy" rating in a research note on Thursday, July 31st. Wall Street Zen raised OneSpaWorld from a "hold" rating to a "buy" rating in a research note on Saturday. Finally, Truist Financial increased their price objective on OneSpaWorld from $19.00 to $21.00 and gave the company a "buy" rating in a research report on Monday, June 9th. Six investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company presently has an average rating of "Buy" and an average price target of $22.67.

OneSpaWorld Stock Down 1.3%

OSW stock traded down $0.28 during midday trading on Monday, reaching $21.08. The company had a trading volume of 153,651 shares, compared to its average volume of 791,084. OneSpaWorld Holdings Limited has a 1 year low of $14.21 and a 1 year high of $23.17. The company has a current ratio of 1.88, a quick ratio of 1.19 and a debt-to-equity ratio of 0.17. The company has a market capitalization of $2.16 billion, a P/E ratio of 30.98 and a beta of 1.38. The company has a 50 day moving average of $20.76 and a two-hundred day moving average of $19.38.

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, beating analysts' consensus estimates of $0.24 by $0.01. The business had revenue of $240.73 million for the quarter, compared to the consensus estimate of $238.28 million. OneSpaWorld had a net margin of 7.74% and a return on equity of 15.93%. OneSpaWorld's revenue for the quarter was up 7.0% on a year-over-year basis. During the same quarter last year, the firm earned $0.20 EPS. On average, equities research analysts expect that OneSpaWorld Holdings Limited will post 0.9 earnings per share for the current fiscal year.

OneSpaWorld Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 3rd. Stockholders of record on Wednesday, August 20th will be given a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a dividend yield of 0.8%. The ex-dividend date is Wednesday, August 20th. OneSpaWorld's payout ratio is 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.