Dimensional Fund Advisors LP Sells 33,335 Shares of Nuvei Co. (NASDAQ:NVEI)

Dimensional Fund Advisors LP lessened its holdings in Nuvei Co. (NASDAQ:NVEI - Free Report) by 9.5% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 318,150 shares of the company's stock after selling 33,335 shares during the period. Dimensional Fund Advisors LP owned 0.23% of Nuvei worth $10,302,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Headlands Technologies LLC purchased a new stake in Nuvei during the second quarter valued at about $28,000. Longfellow Investment Management Co. LLC purchased a new position in shares of Nuvei in the second quarter worth about $36,000. Covestor Ltd purchased a new position in shares of Nuvei in the first quarter worth about $58,000. Quantbot Technologies LP purchased a new position in shares of Nuvei in the first quarter worth about $207,000. Finally, Virtu Financial LLC purchased a new position in shares of Nuvei in the fourth quarter worth about $248,000. Hedge funds and other institutional investors own 42.45% of the company's stock.

Nuvei Trading Up 0.1 %

Shares of NVEI traded up $0.02 during trading hours on Monday, hitting $33.38. The company had a trading volume of 206,326 shares, compared to its average volume of 930,031. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.60. The firm has a market cap of $4.67 billion, a P/E ratio of -834.50, a P/E/G ratio of 1.83 and a beta of 2.53. Nuvei Co. has a 52-week low of $13.32 and a 52-week high of $33.78. The stock's 50 day moving average price is $33.21 and its 200 day moving average price is $32.52.

Nuvei (NASDAQ:NVEI - Get Free Report) last posted its earnings results on Tuesday, August 6th. The company reported $0.41 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.47 by ($0.06). The business had revenue of $345.50 million during the quarter, compared to the consensus estimate of $329.88 million. Nuvei had a positive return on equity of 6.98% and a negative net margin of 0.87%. The firm's revenue for the quarter was up 12.5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.19 earnings per share. On average, research analysts predict that Nuvei Co. will post 1.09 EPS for the current year.

Nuvei Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 5th. Investors of record on Tuesday, August 20th were paid a $0.10 dividend. The ex-dividend date of this dividend was Tuesday, August 20th. This represents a $0.40 annualized dividend and a dividend yield of 1.20%. Nuvei's payout ratio is presently -1,000.00%.

Nuvei Profile

Nuvei Corporation provides payment technology solutions to merchants and partners in North America, Europe, the Middle East and Africa, Latin America, and the Asia Pacific. The company's platform enables customers to pay and/or accept payments worldwide regardless of the location, device, or preferred payment method.