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 bought a new stake in shares of OneSpaWorld Holdings Limited (NASDAQ:OSW - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 28,130 shares of the company's stock, valued at approximately $472,000.

Several other hedge funds also recently bought and sold shares of the business. Smartleaf Asset Management LLC grew its position in shares of OneSpaWorld by 27.9% during the 1st quarter. Smartleaf Asset Management LLC now owns 6,608 shares of the company's stock worth $109,000 after buying an additional 1,443 shares in the last quarter. Channing Capital Management LLC increased its holdings in shares of OneSpaWorld by 14.7% in the first quarter. Channing Capital Management LLC now owns 3,251,124 shares of the company's stock valued at $54,586,000 after purchasing an additional 416,609 shares during the period. Northern Trust Corp increased its holdings in shares of OneSpaWorld by 9.7% in the first quarter. Northern Trust Corp now owns 1,068,228 shares of the company's stock valued at $17,936,000 after purchasing an additional 94,036 shares during the period. American Century Companies Inc. increased its holdings in shares of OneSpaWorld by 566.4% in the first quarter. American Century Companies Inc. now owns 1,448,268 shares of the company's stock valued at $24,316,000 after purchasing an additional 1,230,931 shares during the period. Finally, Russell Investments Group Ltd. increased its holdings in shares of OneSpaWorld by 23.0% in the first quarter. Russell Investments Group Ltd. now owns 730,793 shares of the company's stock valued at $12,270,000 after purchasing an additional 136,571 shares during the period. Institutional investors own 95.98% of the company's stock.

Insiders Place Their Bets

In related news, Director Glenn Fusfield sold 22,192 shares of the business's stock in a transaction on Tuesday, August 26th. The stock was sold at an average price of $22.40, for a total transaction of $497,100.80. Following the completion of the transaction, the director directly owned 94,494 shares of the company's stock, valued at $2,116,665.60. The trade was a 19.02% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Andrew R. Heyer sold 31,289 shares of OneSpaWorld stock in a transaction dated Thursday, August 21st. The stock was sold at an average price of $21.59, for a total value of $675,529.51. Following the sale, the director directly owned 332,145 shares of the company's stock, valued at $7,171,010.55. This trade represents a 8.61% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 214,129 shares of company stock valued at $4,701,156 over the last ninety days. Insiders own 3.90% of the company's stock.

OneSpaWorld Price Performance

Shares of NASDAQ OSW traded down $0.12 during midday trading on Friday, hitting $22.60. The stock had a trading volume of 134,586 shares, compared to its average volume of 765,407. The company has a market capitalization of $2.32 billion, a PE ratio of 33.23 and a beta of 1.38. The stock has a 50 day simple moving average of $21.57 and a 200-day simple moving average of $19.47. OneSpaWorld Holdings Limited has a 1 year low of $14.21 and a 1 year high of $23.28. The company has a quick ratio of 1.19, a current ratio of 1.88 and a debt-to-equity ratio of 0.17.

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

OneSpaWorld Dividend Announcement

The company also recently disclosed 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. The ex-dividend date of this dividend is Wednesday, August 20th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.7%. OneSpaWorld's payout ratio is presently 23.53%.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on OSW. Stifel Nicolaus increased their price objective on OneSpaWorld from $23.00 to $25.00 and gave the company a "buy" rating in a report on Thursday, July 31st. Wall Street Zen lowered OneSpaWorld from a "buy" rating to a "hold" rating in a report on Saturday, August 23rd. Cowen reaffirmed a "buy" rating on shares of OneSpaWorld in a report on Thursday, May 1st. William Blair reaffirmed an "outperform" rating on shares of OneSpaWorld in a report on Wednesday, July 23rd. Finally, TD Securities dropped their target price on OneSpaWorld from $24.00 to $22.00 and set a "buy" rating on the stock in a report on Thursday, May 1st. Five investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company has a consensus rating of "Buy" and an average price target 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.