Alpine Associates Management Inc. lifted its stake in Nuvei Co. (NASDAQ:NVEI - Free Report) by 15.1% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 823,433 shares of the company's stock after purchasing an additional 108,230 shares during the quarter. Nuvei accounts for about 1.3% of Alpine Associates Management Inc.'s investment portfolio, making the stock its 21st largest holding. Alpine Associates Management Inc. owned 0.58% of Nuvei worth $27,461,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors have also recently bought and sold shares of the stock. Vanguard Group Inc. grew its holdings in shares of Nuvei by 2.0% during the first quarter. Vanguard Group Inc. now owns 2,327,272 shares of the company's stock valued at $73,588,000 after buying an additional 44,600 shares in the last quarter. Covestor Ltd acquired a new position in shares of Nuvei in the 1st quarter valued at about $58,000. Toronto Dominion Bank lifted its position in shares of Nuvei by 53.9% in the first quarter. Toronto Dominion Bank now owns 23,504 shares of the company's stock worth $743,000 after purchasing an additional 8,235 shares in the last quarter. Senator Investment Group LP boosted its holdings in shares of Nuvei by 18.2% during the first quarter. Senator Investment Group LP now owns 650,000 shares of the company's stock worth $20,553,000 after purchasing an additional 100,000 shares during the period. Finally, Gabelli Funds LLC purchased a new position in Nuvei during the first quarter valued at approximately $623,000. Hedge funds and other institutional investors own 42.45% of the company's stock.
Nuvei Stock Up 0.0 %
NVEI stock traded up $0.01 during midday trading on Wednesday, reaching $33.99. The company had a trading volume of 3,084,800 shares, compared to its average volume of 1,060,277. The company has a current ratio of 1.04, a quick ratio of 1.03 and a debt-to-equity ratio of 0.59. Nuvei Co. has a 1 year low of $19.07 and a 1 year high of $34.00. The company has a 50 day moving average of $33.49 and a two-hundred day moving average of $32.93. The company has a market capitalization of $4.82 billion, a P/E ratio of 226.60, a PEG ratio of 1.73 and a beta of 2.51.
Nuvei Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Tuesday, November 26th will be issued a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 1.18%. The ex-dividend date of this dividend is Tuesday, November 26th. Nuvei's payout ratio is 266.67%.
Nuvei Company Profile
(
Free Report)
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.
See Also
Before you consider Nuvei, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Nuvei wasn't on the list.
While Nuvei currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering what the next stocks will be that hit it big, with solid fundamentals? Click the link below to learn more about how your portfolio could bloom.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
