Emerald Advisers LLC Boosts Holdings in OneSpaWorld Holdings Limited (NASDAQ:OSW)

Emerald Advisers LLC lifted its stake in OneSpaWorld Holdings Limited (NASDAQ:OSW - Free Report) by 62.5% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 680,178 shares of the company's stock after purchasing an additional 261,701 shares during the period. Emerald Advisers LLC owned about 0.65% of OneSpaWorld worth $11,420,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in OSW. Signaturefd LLC lifted its position in shares of OneSpaWorld by 139.9% during the fourth quarter. Signaturefd LLC now owns 1,317 shares of the company's stock valued at $26,000 after buying an additional 768 shares during the last quarter. Amalgamated Bank increased its holdings in OneSpaWorld by 22.2% in the 1st quarter. Amalgamated Bank now owns 3,479 shares of the company's stock worth $58,000 after buying an additional 631 shares during the period. Aquatic Capital Management LLC acquired a new stake in shares of OneSpaWorld during the 4th quarter worth approximately $81,000. GAMMA Investing LLC grew its stake in shares of OneSpaWorld by 2,005.8% during the 1st quarter. GAMMA Investing LLC now owns 8,697 shares of the company's stock worth $146,000 after purchasing an additional 8,284 shares during the period. Finally, Harvest Fund Management Co. Ltd acquired a new stake in shares of OneSpaWorld during the 4th quarter worth approximately $164,000. 95.98% of the stock is currently owned by institutional investors.

OneSpaWorld Stock Up 0.4%

NASDAQ:OSW traded up $0.08 during mid-day trading on Wednesday, hitting $21.26. The stock had a trading volume of 460,310 shares, compared to its average volume of 678,980. The stock has a 50-day simple moving average of $19.71 and a two-hundred day simple moving average of $19.07. The company has a market capitalization of $2.18 billion, a PE ratio of 27.15 and a beta of 1.41. OneSpaWorld Holdings Limited has a twelve month low of $14.21 and a twelve month high of $23.01. The company has a current ratio of 1.73, a quick ratio of 1.06 and a debt-to-equity ratio of 0.17.

OneSpaWorld Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 4th. Shareholders of record on Wednesday, May 21st were issued a dividend of $0.04 per share. The ex-dividend date of this dividend was Wednesday, May 21st. This represents a $0.16 dividend on an annualized basis and a yield of 0.75%. OneSpaWorld's payout ratio is currently 25.00%.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on OSW shares. Cowen reiterated a "buy" rating on shares of OneSpaWorld in a research report on Thursday, May 1st. Stifel Nicolaus raised their price objective on OneSpaWorld from $21.00 to $23.00 and gave the company a "buy" rating in a report on Friday, May 23rd. TD Securities reduced their price target on OneSpaWorld from $24.00 to $22.00 and set a "buy" rating on the stock in a report on Thursday, May 1st. Finally, Truist Financial raised their price objective on OneSpaWorld from $19.00 to $21.00 and gave the stock a "buy" rating in a research report on Monday, June 9th. Five equities research analysts have rated the stock with a buy rating, According to MarketBeat, the company presently has an average rating of "Buy" and an average target price of $21.25.

Insiders Place Their Bets

In other OneSpaWorld news, Director Walter Field Mclallen sold 2,500 shares of the firm's stock in a transaction that occurred on 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 owned 154,228 shares of the company's stock, valued at approximately $2,981,227.24. This trade represents a 1.60% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 5.00% of the company's stock.

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.