Neumeier Poma Investment Counsel LLC Boosts Stake in 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 raised its position in shares of OneSpaWorld Holdings Limited (NASDAQ:OSW - Free Report) by 37.9% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,173,827 shares of the company's stock after acquiring an additional 322,705 shares during the period. OneSpaWorld makes up 2.1% of Neumeier Poma Investment Counsel LLC's portfolio, making the stock its 22nd biggest position. Neumeier Poma Investment Counsel LLC owned about 1.12% of OneSpaWorld worth $19,709,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Amalgamated Bank grew its position 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. Aquatic Capital Management LLC purchased a new position in shares of OneSpaWorld in the fourth quarter valued at $81,000. GAMMA Investing LLC boosted its stake in shares of 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 purchasing an additional 8,284 shares during the period. MQS Management LLC purchased a new position in shares of OneSpaWorld in the first quarter valued at $185,000. Finally, Diversified Trust Co purchased a new position in shares of OneSpaWorld in the first quarter valued at $191,000. Hedge funds and other institutional investors own 95.98% of the company's stock.

OneSpaWorld Trading Up 0.3%

NASDAQ:OSW opened at $22.50 on Thursday. The company has a quick ratio of 1.06, a current ratio of 1.88 and a debt-to-equity ratio of 0.17. The business's 50 day moving average is $20.66 and its two-hundred day moving average is $19.36. OneSpaWorld Holdings Limited has a 52 week low of $14.21 and a 52 week high of $23.17. The company has a market cap of $2.31 billion, a PE ratio of 33.09 and a beta of 1.38.

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

OneSpaWorld Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 3rd. Shareholders of record on Wednesday, August 20th will be issued a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend is Wednesday, August 20th. OneSpaWorld's dividend payout ratio (DPR) is currently 23.53%.

Analysts Set New Price Targets

A number of brokerages recently commented on OSW. TD Securities reduced their price target on OneSpaWorld from $24.00 to $22.00 and set a "buy" rating for the company in a report on Thursday, May 1st. William Blair reissued an "outperform" rating on shares of OneSpaWorld in a report on Wednesday, July 23rd. Stifel Nicolaus increased their price target on OneSpaWorld from $23.00 to $25.00 and gave the company a "buy" rating in a report on Thursday, July 31st. Cowen reissued a "buy" rating on shares of OneSpaWorld in a report on Thursday, May 1st. Finally, Truist Financial increased their price target on OneSpaWorld from $19.00 to $21.00 and gave the company a "buy" rating in a report on Monday, June 9th. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus target price of $22.67.

Insider Buying and Selling

In other OneSpaWorld news, Director Walter Field Mclallen sold 14,189 shares of the stock in a transaction that occurred on Friday, May 16th. The stock was sold at an average price of $19.35, for a total transaction of $274,557.15. Following the transaction, the director owned 156,728 shares of the company's stock, valued at $3,032,686.80. This trade represents a 8.30% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 5.00% of the stock is currently owned by corporate insiders.

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.

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