Divisadero Street Capital Management LP Makes New Investment in OneSpaWorld Holdings Limited (NASDAQ:OSW)

Divisadero Street Capital Management LP acquired a new stake in OneSpaWorld Holdings Limited (NASDAQ:OSW) during the second quarter, according to its most recent filing with the SEC. The firm acquired 500,000 shares of the company’s stock, valued at approximately $7,685,000. OneSpaWorld comprises approximately 1.2% of Divisadero Street Capital Management LP’s holdings, making the stock its 22nd largest holding. Divisadero Street Capital Management LP owned about 0.50% of OneSpaWorld as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Olympiad Research LP bought a new stake in shares of OneSpaWorld during the fourth quarter worth approximately $141,000. Principal Financial Group Inc. bought a new stake in shares of OneSpaWorld during the 1st quarter valued at $148,000. Allspring Global Investments Holdings LLC raised its position in shares of OneSpaWorld by 13,242.4% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 11,341 shares of the company’s stock valued at $174,000 after acquiring an additional 11,256 shares during the last quarter. ProShare Advisors LLC boosted its position in shares of OneSpaWorld by 8.5% in the 1st quarter. ProShare Advisors LLC now owns 14,997 shares of the company’s stock worth $198,000 after purchasing an additional 1,181 shares during the last quarter. Finally, Entropy Technologies LP bought a new position in shares of OneSpaWorld in the 1st quarter worth $221,000. 95.98% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, Director Andrew R. Heyer sold 6,000 shares of the business’s stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $14.57, for a total value of $87,420.00. Following the sale, the director now directly owns 467,145 shares in the company, valued at $6,806,302.65. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 5.00% of the company’s stock.

OneSpaWorld Stock Up 2.4 %

Shares of OneSpaWorld stock opened at $16.75 on Friday. The company has a market capitalization of $1.68 billion, a P/E ratio of 62.04 and a beta of 2.14. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.03 and a quick ratio of 1.49. The business has a 50-day moving average of $15.77 and a two-hundred day moving average of $14.67. OneSpaWorld Holdings Limited has a 1 year low of $9.82 and a 1 year high of $17.30.

OneSpaWorld (NASDAQ:OSW) last posted its earnings results on Wednesday, July 31st. The company reported $0.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.17 by $0.01. OneSpaWorld had a return on equity of 13.67% and a net margin of 6.26%. The business had revenue of $224.89 million during the quarter, compared to analysts’ expectations of $220.61 million. During the same period in the prior year, the business earned $0.13 EPS. As a group, equities analysts predict that OneSpaWorld Holdings Limited will post 0.73 EPS for the current year.

OneSpaWorld Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 4th. Investors of record on Wednesday, August 21st were paid a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a yield of 0.96%. The ex-dividend date was Wednesday, August 21st. OneSpaWorld’s payout ratio is presently 59.26%.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. Truist Financial increased their target price on OneSpaWorld from $16.00 to $17.00 and gave the company a “buy” rating in a research note on Wednesday, June 12th. TD Cowen lifted their price objective on shares of OneSpaWorld from $16.00 to $19.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. Finally, Stifel Nicolaus upped their target price on shares of OneSpaWorld from $21.00 to $22.00 and gave the company a “buy” rating in a research note on Thursday, May 23rd.

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.