Thomas J. Herzfeld Advisors Inc. Trims Stock Position in OneSpaWorld Holdings Limited $OSW

Key Points

• Thomas J. Herzfeld Advisors Inc. has reduced its stake in OneSpaWorld Holdings Limited by 65%, now holding 35,000 shares valued at $588,000.
• Several institutional investors have increased their positions in OneSpaWorld, with notable increases from Amalgamated Bank (22.2%) and Smartleaf Asset Management (27.9%), indicating strong institutional interest in the company.
• OneSpaWorld has declared a quarterly dividend of $0.04 per share, with a yield of 0.7%, set to be paid on September 3rd, indicating continued profitability and commitment to returning value to shareholders.

Thomas J. Herzfeld Advisors Inc. cut its stake in shares of OneSpaWorld Holdings Limited (NASDAQ:OSW - Free Report) by 65.0% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 35,000 shares of the company's stock after selling 65,000 shares during the period. Thomas J. Herzfeld Advisors Inc.'s holdings in OneSpaWorld were worth $588,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Amalgamated Bank raised its holdings in shares of OneSpaWorld by 22.2% in the first 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. Virtus Advisers LLC bought a new stake in OneSpaWorld during the 1st quarter valued at $67,000. Aquatic Capital Management LLC bought a new stake in OneSpaWorld during the 4th quarter valued at $81,000. Smartleaf Asset Management LLC boosted its position in OneSpaWorld by 27.9% during the 1st quarter. Smartleaf Asset Management LLC now owns 6,608 shares of the company's stock valued at $109,000 after acquiring an additional 1,443 shares in the last quarter. Finally, GAMMA Investing LLC boosted its position in OneSpaWorld by 2,005.8% during the 1st quarter. GAMMA Investing LLC now owns 8,697 shares of the company's stock valued at $146,000 after acquiring an additional 8,284 shares in the last quarter. 95.98% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on OSW. Stifel Nicolaus raised their price objective on OneSpaWorld from $23.00 to $25.00 and gave the stock a "buy" rating in a research report on Thursday, July 31st. 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. Wall Street Zen cut OneSpaWorld from a "buy" rating to a "hold" rating in a research report on Saturday, August 23rd. Finally, William Blair reissued an "outperform" rating on shares of OneSpaWorld in a research report on Wednesday, July 23rd. Five equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, OneSpaWorld has an average rating of "Buy" and a consensus price target of $22.67.

OneSpaWorld Stock Down 0.6%

Shares of OneSpaWorld stock traded down $0.14 during trading on Friday, reaching $22.57. The company's stock had a trading volume of 449,121 shares, compared to its average volume of 490,260. The company has a market cap of $2.32 billion, a price-to-earnings ratio of 33.19 and a beta of 1.38. The company has a quick ratio of 1.19, a current ratio of 1.88 and a debt-to-equity ratio of 0.17. The company has a 50-day simple moving average of $21.63 and a two-hundred day simple moving average of $19.46. OneSpaWorld Holdings Limited has a 1-year low of $14.21 and a 1-year high of $23.28.

OneSpaWorld (NASDAQ:OSW - Get Free Report) last issued its earnings results on Wednesday, July 30th. The company reported $0.25 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.24 by $0.01. The company had revenue of $240.73 million during the quarter, compared to analyst estimates of $238.28 million. OneSpaWorld had a return on equity of 15.93% and a net margin of 7.74%.The firm's quarterly revenue was up 7.0% on a year-over-year basis. During the same quarter last year, the business posted $0.20 EPS. 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 earnings per share for the current year.

OneSpaWorld Dividend Announcement

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

Insiders Place Their Bets

In related news, Director Glenn Fusfield sold 23,116 shares of the firm's 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 completion of the transaction, the director owned 151,799 shares in the company, valued at $3,274,304.43. This trade represents a 13.22% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Andrew R. Heyer sold 31,289 shares of the firm's 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 transaction, the director owned 332,145 shares of the company's stock, valued at $7,171,010.55. This trade represents a 8.61% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 238,263 shares of company stock valued at $5,250,920 in the last 90 days. 3.90% of the stock is currently owned by company insiders.

OneSpaWorld Company 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.