Palisade Capital Management LP Invests $17.38 Million in OneSpaWorld Holdings Limited $OSW

Palisade Capital Management LP acquired a new stake in shares of OneSpaWorld Holdings Limited (NASDAQ:OSW) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 615,522 shares of the company’s stock, valued at approximately $17,382,000. Palisade Capital Management LP owned about 0.61% of OneSpaWorld at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in OSW. Legal & General Group Plc bought a new position in shares of OneSpaWorld in the second quarter worth approximately $6,562,000. The Manufacturers Life Insurance Company bought a new stake in shares of OneSpaWorld during the second quarter valued at approximately $1,197,000. Mcmorgan & Co. LLC bought a new stake in shares of OneSpaWorld during the second quarter valued at approximately $302,000. Sanctuary Advisors LLC purchased a new position in OneSpaWorld in the 2nd quarter worth approximately $211,000. Finally, Neumeier Poma Investment Counsel LLC purchased a new position in OneSpaWorld in the 2nd quarter worth approximately $43,462,264,000. 95.98% of the stock is owned by institutional investors.

OneSpaWorld Stock Down 0.9%

OSW stock opened at $26.26 on Wednesday. The company has a market cap of $2.67 billion, a price-to-earnings ratio of 33.24 and a beta of 0.91. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.93 and a current ratio of 2.91. The business’s 50-day moving average is $26.81 and its two-hundred day moving average is $24.44. OneSpaWorld Holdings Limited has a fifty-two week low of $19.06 and a fifty-two week high of $29.25.

OneSpaWorld (NASDAQ:OSW) last released its quarterly earnings results on Wednesday, July 29th. The company reported $0.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.28 by $0.01. OneSpaWorld had a return on equity of 18.36% and a net margin of 8.02%.The business had revenue of $261.25 million during the quarter, compared to the consensus estimate of $260.93 million. During the same period in the previous year, the company posted $0.19 EPS. The business’s quarterly revenue was up 8.5% compared to the same quarter last year. As a group, analysts forecast that OneSpaWorld Holdings Limited will post 1.05 earnings per share for the current year.

OneSpaWorld Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 2nd. Investors of record on Wednesday, August 19th will be given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 0.8%. The ex-dividend date is Wednesday, August 19th. OneSpaWorld’s payout ratio is 25.32%.

Insider Buying and Selling

In other news, Director Walter Field Mclallen sold 10,500 shares of the company’s stock in a transaction on Thursday, June 11th. The stock was sold at an average price of $24.67, for a total value of $259,035.00. Following the completion of the sale, the director directly owned 137,382 shares in the company, valued at $3,389,213.94. This represents a 7.10% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Andrew R. Heyer sold 4,781 shares of the firm’s stock in a transaction on Monday, August 10th. The stock was sold at an average price of $26.07, for a total value of $124,640.67. Following the completion of the transaction, the director directly owned 302,145 shares in the company, valued at approximately $7,876,920.15. This represents a 1.56% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 90,500 shares of company stock valued at $2,363,762. 3.60% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several analysts have commented on the company. Jefferies Financial Group increased their target price on OneSpaWorld from $31.00 to $35.00 and gave the company a “buy” rating in a research note on Thursday, June 18th. Stifel Nicolaus upped their price target on OneSpaWorld from $28.00 to $32.00 and gave the company a “buy” rating in a report on Thursday, July 30th. TD Cowen lifted their price objective on OneSpaWorld from $27.00 to $29.00 and gave the stock a “buy” rating in a report on Thursday, April 30th. Weiss Ratings reiterated a “buy (b)” rating on shares of OneSpaWorld in a report on Friday, July 31st. Finally, Truist Financial boosted their target price on OneSpaWorld from $28.00 to $29.00 and gave the stock a “buy” rating in a research report on Thursday, July 30th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, OneSpaWorld presently has a consensus rating of “Buy” and an average target price of $30.60.

OneSpaWorld Company 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.