Verition Fund Management LLC Invests $581,000 in Nu Skin Enterprises, Inc. (NYSE:NUS)

Verition Fund Management LLC acquired a new position in shares of Nu Skin Enterprises, Inc. (NYSE:NUS - Free Report) in the third quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 78,819 shares of the company's stock, valued at approximately $581,000. Verition Fund Management LLC owned about 0.16% of Nu Skin Enterprises at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Walleye Capital LLC lifted its stake in Nu Skin Enterprises by 335.3% during the third quarter. Walleye Capital LLC now owns 289,236 shares of the company's stock worth $2,132,000 after purchasing an additional 222,793 shares in the last quarter. Martingale Asset Management L P acquired a new stake in Nu Skin Enterprises during the 3rd quarter worth approximately $251,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in Nu Skin Enterprises by 3.7% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 116,424 shares of the company's stock valued at $858,000 after buying an additional 4,125 shares during the period. BNP Paribas Financial Markets grew its stake in shares of Nu Skin Enterprises by 69.7% in the third quarter. BNP Paribas Financial Markets now owns 143,319 shares of the company's stock worth $1,056,000 after acquiring an additional 58,880 shares in the last quarter. Finally, Quantbot Technologies LP acquired a new position in shares of Nu Skin Enterprises in the third quarter worth $733,000. 82.84% of the stock is owned by hedge funds and other institutional investors.

Nu Skin Enterprises Stock Down 4.7 %

Shares of Nu Skin Enterprises stock traded down $0.37 during trading hours on Wednesday, hitting $7.46. The company had a trading volume of 687,691 shares, compared to its average volume of 841,443. Nu Skin Enterprises, Inc. has a twelve month low of $5.95 and a twelve month high of $20.75. The company has a market cap of $370.84 million, a P/E ratio of -3.60 and a beta of 1.20. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.93 and a quick ratio of 1.20. The company's 50-day moving average is $6.86 and its two-hundred day moving average is $9.01.

Nu Skin Enterprises Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 11th. Investors of record on Friday, November 29th will be paid a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 3.22%. The ex-dividend date is Friday, November 29th. Nu Skin Enterprises's dividend payout ratio is currently -11.59%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on NUS shares. Citigroup decreased their price objective on Nu Skin Enterprises from $11.50 to $6.75 and set a "neutral" rating for the company in a research note on Tuesday, October 22nd. StockNews.com upgraded shares of Nu Skin Enterprises from a "hold" rating to a "buy" rating in a report on Monday, November 11th.

Nu Skin Enterprises Profile

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.