Thomas J. Herzfeld Advisors Inc. Sells 65,000 Shares of 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 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 35,000 shares of the company's stock after selling 65,000 shares during the quarter. Thomas J. Herzfeld Advisors Inc.'s holdings in OneSpaWorld were worth $588,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Amalgamated Bank lifted its stake in shares of OneSpaWorld by 22.2% in the 1st quarter. Amalgamated Bank now owns 3,479 shares of the company's stock valued at $58,000 after purchasing an additional 631 shares during the period. Virtus Advisers LLC acquired a new position in shares of OneSpaWorld in the 1st quarter valued at about $67,000. Aquatic Capital Management LLC acquired a new position in shares of OneSpaWorld in the 4th quarter valued at about $81,000. Smartleaf Asset Management LLC lifted its stake in shares of OneSpaWorld by 27.9% in the 1st quarter. Smartleaf Asset Management LLC now owns 6,608 shares of the company's stock valued at $109,000 after purchasing an additional 1,443 shares during the period. Finally, GAMMA Investing LLC lifted its stake in shares of OneSpaWorld by 2,005.8% in the 1st 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. 95.98% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on OSW shares. Truist Financial boosted their price objective on OneSpaWorld from $19.00 to $21.00 and gave the company a "buy" rating in a research note on Monday, June 9th. William Blair reissued an "outperform" rating on shares of OneSpaWorld in a research note on Wednesday, July 23rd. Cowen reissued a "buy" rating on shares of OneSpaWorld in a research note on Thursday, May 1st. TD Securities dropped their price objective on OneSpaWorld from $24.00 to $22.00 and set a "buy" rating on the stock in a research note on Thursday, May 1st. Finally, Stifel Nicolaus boosted their target price on OneSpaWorld from $23.00 to $25.00 and gave the company a "buy" rating in a research report on Thursday, July 31st. Five investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company has an average rating of "Buy" and an average price target of $22.67.

Insider Activity at OneSpaWorld

In other news, Director Glenn Fusfield sold 22,192 shares of the stock in a transaction that occurred on Tuesday, August 26th. The stock was sold at an average price of $22.40, for a total value of $497,100.80. Following the completion of the sale, the director directly owned 94,494 shares of the company's stock, valued at $2,116,665.60. This represents a 19.02% decrease in their ownership of the stock. The sale 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 the stock in a transaction that occurred 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 of the company's stock, valued at approximately $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. Over the last three months, insiders sold 214,129 shares of company stock valued at $4,701,156. Company insiders own 3.90% of the company's stock.

OneSpaWorld Stock Up 0.4%

OneSpaWorld stock traded up $0.10 during midday trading on Wednesday, reaching $22.92. The stock had a trading volume of 672,329 shares, compared to its average volume of 492,841. OneSpaWorld Holdings Limited has a 12 month low of $14.21 and a 12 month high of $23.28. The company has a market capitalization of $2.35 billion, a P/E ratio of 33.71 and a beta of 1.38. The company has a fifty day moving average price of $21.51 and a two-hundred day moving average price of $19.47. 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 issued its earnings results on Wednesday, July 30th. The company reported $0.25 EPS for the quarter, beating 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 business had revenue of $240.73 million during the quarter, compared to analyst estimates of $238.28 million. During the same period in the previous year, the company posted $0.20 EPS. The firm's revenue was up 7.0% compared to the same quarter last year. OneSpaWorld has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. As a group, equities analysts expect that OneSpaWorld Holdings Limited will post 0.9 EPS for the current fiscal year.

OneSpaWorld Dividend Announcement

The business 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 annualized dividend and a dividend yield of 0.7%. OneSpaWorld's dividend payout ratio is 23.53%.

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.