Palisade Capital Management LP purchased a new position in OneSpaWorld Holdings Limited (NASDAQ:OSW – Free Report) in the second quarter, HoldingsChannel reports. The firm purchased 615,522 shares of the company’s stock, valued at approximately $17,382,000.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Brown Brothers Harriman & Co. bought a new stake in shares of OneSpaWorld during the 4th quarter valued at $31,000. Arax Advisory Partners increased its stake in OneSpaWorld by 428.8% in the 4th quarter. Arax Advisory Partners now owns 1,597 shares of the company’s stock worth $33,000 after buying an additional 1,295 shares in the last quarter. Global Retirement Partners LLC bought a new stake in OneSpaWorld during the second quarter valued at about $38,000. Farther Finance Advisors LLC raised its holdings in OneSpaWorld by 325.6% during the fourth quarter. Farther Finance Advisors LLC now owns 1,932 shares of the company’s stock valued at $40,000 after acquiring an additional 1,478 shares during the period. Finally, Rockefeller Capital Management L.P. lifted its position in shares of OneSpaWorld by 111.1% in the fourth quarter. Rockefeller Capital Management L.P. now owns 2,364 shares of the company’s stock valued at $49,000 after acquiring an additional 1,244 shares in the last quarter. 95.98% of the stock is owned by hedge funds and other institutional investors.
Insider Activity at OneSpaWorld
In other news, Director Walter Field Mclallen sold 10,500 shares of the business’s stock in a transaction that occurred on Thursday, June 11th. The stock was sold at an average price of $24.67, for a total transaction of $259,035.00. Following the transaction, the director owned 137,382 shares of the company’s stock, valued at approximately $3,389,213.94. The trade was a 7.10% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Andrew R. Heyer sold 4,781 shares of the stock in a transaction on Monday, August 10th. The shares were sold at an average price of $26.07, for a total value of $124,640.67. Following the sale, the director owned 302,145 shares in the company, valued at $7,876,920.15. The trade was a 1.56% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 90,500 shares of company stock valued at $2,363,762 over the last ninety days. Corporate insiders own 3.60% of the company’s stock.
Wall Street Analysts Forecast Growth
View Our Latest Stock Analysis on OneSpaWorld
OneSpaWorld Price Performance
OneSpaWorld stock opened at $26.26 on Wednesday. OneSpaWorld Holdings Limited has a 52-week low of $19.06 and a 52-week high of $29.25. The company has a quick ratio of 1.93, a current ratio of 2.91 and a debt-to-equity ratio of 0.14. The firm’s fifty day moving average is $26.81 and its 200 day moving average is $24.44. The company has a market cap of $2.67 billion, a price-to-earnings ratio of 33.24 and a beta of 0.91.
OneSpaWorld (NASDAQ:OSW – Get Free Report) last issued its quarterly earnings data on Wednesday, July 29th. The company reported $0.29 EPS for the quarter, topping analysts’ consensus estimates of $0.28 by $0.01. OneSpaWorld had a net margin of 8.02% and a return on equity of 18.36%. The business had revenue of $261.25 million during the quarter, compared to analysts’ expectations of $260.93 million. During the same period last year, the company posted $0.19 EPS. The business’s revenue was up 8.5% on a year-over-year basis. Sell-side analysts forecast that OneSpaWorld Holdings Limited will post 1.05 EPS for the current fiscal year.
OneSpaWorld Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 2nd. Shareholders of record on Wednesday, August 19th will be given a dividend of $0.05 per share. The ex-dividend date is Wednesday, August 19th. This represents a $0.20 dividend on an annualized basis and a yield of 0.8%. OneSpaWorld’s dividend payout ratio is 25.32%.
OneSpaWorld Profile
OneSpaWorld Holdings Ltd is a global provider of spa and wellness services, catering primarily to the cruise line, hospitality and venue-based leisure industries. The company designs and operates on-board spa facilities, salon services and retail boutiques, offering treatments such as massage, facial and body therapies, nail care, hair styling and aesthetic enhancements. Additionally, OneSpaWorld provides program consulting, management, training and product distribution services to its partners, enabling tailored spa experiences across diverse passenger and guest demographics.
OneSpaWorld’s core operations span major cruise lines—such as Carnival Corporation, Royal Caribbean Group, MSC Cruises and Virgin Voyages—as well as luxury resort and hotel brands.
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