Penn Capital Management Company LLC Acquires Shares of 28,130 OneSpaWorld Holdings Limited $OSW

Key Points

• Penn Capital Management acquired a new stake in OneSpaWorld Holdings Limited, purchasing 28,130 shares valued at approximately $472,000.
• OneSpaWorld recently announced a quarterly dividend of $0.04 per share, with an annualized yield of 0.7% and a payout ratio of 23.53%.
• The company reported $240.73 million in revenue for the last quarter, exceeding analysts' expectations, and set a fiscal year 2025 EPS guidance.

Penn Capital Management Company LLC acquired a new stake in OneSpaWorld Holdings Limited (NASDAQ:OSW - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 28,130 shares of the company's stock, valued at approximately $472,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in OSW. Envestnet Asset Management Inc. raised its holdings in shares of OneSpaWorld by 25.4% during the fourth quarter. Envestnet Asset Management Inc. now owns 147,140 shares of the company's stock valued at $2,928,000 after acquiring an additional 29,847 shares in the last quarter. Invesco Ltd. raised its holdings in shares of OneSpaWorld by 336.4% during the fourth quarter. Invesco Ltd. now owns 326,506 shares of the company's stock valued at $6,497,000 after acquiring an additional 251,690 shares in the last quarter. Barclays PLC raised its holdings in shares of OneSpaWorld by 8.2% during the fourth quarter. Barclays PLC now owns 214,752 shares of the company's stock valued at $4,275,000 after acquiring an additional 16,203 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of OneSpaWorld by 4.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,612,894 shares of the company's stock valued at $51,997,000 after acquiring an additional 120,979 shares in the last quarter. Finally, MetLife Investment Management LLC raised its holdings in shares of OneSpaWorld by 5.8% during the fourth quarter. MetLife Investment Management LLC now owns 61,441 shares of the company's stock valued at $1,223,000 after acquiring an additional 3,369 shares in the last quarter. Institutional investors own 95.98% of the company's stock.

OneSpaWorld Trading Up 4.6%

NASDAQ OSW opened at $22.97 on Friday. OneSpaWorld Holdings Limited has a 12 month low of $14.21 and a 12 month high of $23.17. The stock has a market cap of $2.36 billion, a P/E ratio of 33.78 and a beta of 1.38. The stock's fifty day moving average price is $21.30 and its 200-day moving average price is $19.43. The company has a current ratio of 1.88, a quick ratio of 1.19 and a debt-to-equity ratio of 0.17.

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 firm had revenue of $240.73 million for the quarter, compared to analysts' expectations of $238.28 million. During the same period in the prior year, the firm posted $0.20 earnings per share. The company's quarterly revenue was up 7.0% on a year-over-year basis. OneSpaWorld has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. As a group, equities analysts forecast that OneSpaWorld Holdings Limited will post 0.9 EPS for the current fiscal year.

OneSpaWorld Dividend Announcement

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

Insiders Place Their Bets

In other news, Director Glenn Fusfield sold 23,116 shares of the stock in a transaction on Thursday, August 21st. The stock was sold at an average price of $21.57, for a total value of $498,612.12. Following the sale, the director directly owned 151,799 shares of the company's stock, valued at approximately $3,274,304.43. This represents a 13.22% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Andrew R. Heyer sold 31,289 shares of the stock in a transaction on Thursday, August 21st. The stock was sold at an average price of $21.59, for a total value of $675,529.51. Following the completion of the sale, the director directly owned 332,145 shares in the company, valued at approximately $7,171,010.55. This represents a 8.61% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 156,824 shares of company stock worth $3,406,170. Insiders own 3.90% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. William Blair restated an "outperform" rating on shares of OneSpaWorld in a report on Wednesday, July 23rd. Cowen reiterated a "buy" rating on shares of OneSpaWorld in a report on Thursday, May 1st. Stifel Nicolaus increased their price objective on OneSpaWorld from $23.00 to $25.00 and gave the stock a "buy" rating in a report on Thursday, July 31st. 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. Finally, Wall Street Zen downgraded OneSpaWorld from a "buy" rating to a "hold" rating in a report on Saturday. Five investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, OneSpaWorld has a consensus rating of "Buy" and an average target price of $22.67.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.