Tokio Marine Asset Management Co. Ltd. lifted its stake in shares of Nuvei Co. (NASDAQ:NVEI - Free Report) by 12.6% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 678,100 shares of the company's stock after acquiring an additional 75,900 shares during the quarter. Nuvei comprises approximately 1.0% of Tokio Marine Asset Management Co. Ltd.'s holdings, making the stock its 19th largest position. Tokio Marine Asset Management Co. Ltd. owned about 0.48% of Nuvei worth $22,615,000 as of its most recent SEC filing.
Several other large investors also recently made changes to their positions in NVEI. Pentwater Capital Management LP boosted its stake in Nuvei by 1,233.3% during the 2nd quarter. Pentwater Capital Management LP now owns 2,000,000 shares of the company's stock valued at $64,760,000 after purchasing an additional 1,850,000 shares during the period. Millennium Management LLC boosted its stake in Nuvei by 130.8% during the 2nd quarter. Millennium Management LLC now owns 2,138,217 shares of the company's stock valued at $69,235,000 after purchasing an additional 1,211,748 shares during the period. Highbridge Capital Management LLC bought a new stake in Nuvei during the 2nd quarter valued at approximately $24,956,000. Alpine Associates Management Inc. bought a new stake in Nuvei during the 2nd quarter valued at approximately $23,158,000. Finally, Glazer Capital LLC bought a new stake in Nuvei during the 2nd quarter valued at approximately $22,910,000. Institutional investors own 42.45% of the company's stock.
Nuvei Stock Performance
NASDAQ:NVEI traded down $0.01 during mid-day trading on Thursday, hitting $33.98. 2,134,725 shares of the company's stock traded hands, compared to its average volume of 917,670. The firm has a 50 day moving average of $33.43 and a two-hundred day moving average of $32.87. Nuvei Co. has a 12 month low of $19.07 and a 12 month high of $33.99. The firm has a market capitalization of $4.82 billion, a price-to-earnings ratio of 226.53, a price-to-earnings-growth ratio of 1.85 and a beta of 2.51. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.60.
Nuvei Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Tuesday, November 26th will be paid a dividend of $0.10 per share. The ex-dividend date is Tuesday, November 26th. This represents a $0.40 annualized dividend and a yield of 1.18%. 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
Almost everyone loves strong dividend-paying stocks, but high yields can signal danger. Discover 20 high-yield dividend stocks paying an unsustainably large percentage of their earnings. Enter your email to get this report and avoid a high-yield dividend trap.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
