Walleye Capital LLC Has $2.13 Million Position in Nu Skin Enterprises, Inc. (NYSE:NUS)

Walleye Capital LLC lifted its holdings in shares of Nu Skin Enterprises, Inc. (NYSE:NUS - Free Report) by 335.3% in the third quarter, according to its most recent filing with the SEC. The firm owned 289,236 shares of the company's stock after acquiring an additional 222,793 shares during the period. Walleye Capital LLC owned approximately 0.58% of Nu Skin Enterprises worth $2,132,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Pacer Advisors Inc. bought a new position in Nu Skin Enterprises during the 2nd quarter valued at about $25,230,000. Federated Hermes Inc. increased its position in Nu Skin Enterprises by 111.8% in the 2nd quarter. Federated Hermes Inc. now owns 1,323,542 shares of the company's stock valued at $13,950,000 after acquiring an additional 698,722 shares in the last quarter. Millennium Management LLC increased its position in Nu Skin Enterprises by 100.5% in the 2nd quarter. Millennium Management LLC now owns 534,579 shares of the company's stock valued at $5,634,000 after acquiring an additional 267,965 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its position in Nu Skin Enterprises by 91.8% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 271,885 shares of the company's stock valued at $2,004,000 after acquiring an additional 130,164 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd increased its position in Nu Skin Enterprises by 264.3% in the 3rd quarter. Dynamic Technology Lab Private Ltd now owns 142,563 shares of the company's stock valued at $1,050,000 after acquiring an additional 103,432 shares in the last quarter. 82.84% of the stock is owned by institutional investors.

Nu Skin Enterprises Stock Up 3.9 %

Shares of NUS stock traded up $0.29 during trading on Wednesday, reaching $7.79. The company's stock had a trading volume of 570,317 shares, compared to its average volume of 847,597. The business has a fifty day moving average price of $6.79 and a 200-day moving average price of $9.22. The company has a quick ratio of 1.20, a current ratio of 1.93 and a debt-to-equity ratio of 0.53. The company has a market cap of $387.24 million, a price-to-earnings ratio of -3.62 and a beta of 1.20. Nu Skin Enterprises, Inc. has a one year low of $5.95 and a one year high of $20.75.

Nu Skin Enterprises Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 11th. Shareholders of record on Friday, November 29th will be given a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 3.08%. The ex-dividend date is Friday, November 29th. Nu Skin Enterprises's dividend payout ratio (DPR) is currently -11.59%.

Wall Street Analyst Weigh In

Several brokerages have recently commented on NUS. StockNews.com upgraded shares of Nu Skin Enterprises from a "hold" rating to a "buy" rating in a research report on Monday, November 11th. Citigroup cut their price target on shares of Nu Skin Enterprises from $11.50 to $6.75 and set a "neutral" rating on the stock in a research note on Tuesday, October 22nd. Finally, DA Davidson cut their price target on shares of Nu Skin Enterprises from $12.50 to $11.00 and set a "neutral" rating on the stock in a research note on Monday, August 12th.

About Nu Skin Enterprises

Nu Skin Enterprises, Inc, together with its subsidiaries, engages in the development and distribution of various beauty and wellness products worldwide. It offers skin care devices, cosmetics, and other personal care products, including ageLOC LumiSpa and ageLOC LumiSpa iO; and nutricentials skin care products.