Weiss Asset Management LP Acquires Shares of 370,075 Nu Skin Enterprises, Inc. (NYSE:NUS)

Weiss Asset Management LP bought a new position in Nu Skin Enterprises, Inc. (NYSE:NUS - Free Report) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 370,075 shares of the company's stock, valued at approximately $2,727,000. Weiss Asset Management LP owned approximately 0.74% of Nu Skin Enterprises as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the company. Signaturefd LLC increased its position in shares of Nu Skin Enterprises by 72.6% during the 2nd quarter. Signaturefd LLC now owns 3,797 shares of the company's stock valued at $40,000 after purchasing an additional 1,597 shares during the last quarter. Canada Pension Plan Investment Board bought a new position in Nu Skin Enterprises during the second quarter valued at approximately $47,000. GAMMA Investing LLC raised its stake in shares of Nu Skin Enterprises by 167.4% during the second quarter. GAMMA Investing LLC now owns 5,734 shares of the company's stock worth $60,000 after acquiring an additional 3,590 shares in the last quarter. Headlands Technologies LLC lifted its holdings in shares of Nu Skin Enterprises by 1,428.0% in the 2nd quarter. Headlands Technologies LLC now owns 6,937 shares of the company's stock worth $73,000 after acquiring an additional 6,483 shares during the last quarter. Finally, nVerses Capital LLC purchased a new stake in shares of Nu Skin Enterprises in the 2nd quarter valued at $75,000. Institutional investors own 82.84% of the company's stock.

Nu Skin Enterprises Trading Down 2.5 %

Shares of Nu Skin Enterprises stock traded down $0.19 during trading on Friday, reaching $7.50. 542,748 shares of the stock were exchanged, compared to its average volume of 851,407. 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 firm has a market cap of $372.83 million, a price-to-earnings ratio of -3.62 and a beta of 1.20. Nu Skin Enterprises, Inc. has a 1 year low of $5.95 and a 1 year high of $20.75. The stock's fifty day moving average is $6.83 and its 200 day moving average is $9.13.

Nu Skin Enterprises Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 11th. Stockholders of record on Friday, November 29th will be given a $0.06 dividend. The ex-dividend date of this dividend is Friday, November 29th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 3.20%. Nu Skin Enterprises's dividend payout ratio is currently -11.59%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. StockNews.com raised Nu Skin Enterprises from a "hold" rating to a "buy" rating in a research note on Monday, November 11th. Citigroup lowered their price objective on Nu Skin Enterprises from $11.50 to $6.75 and set a "neutral" rating for the company in a research report on Tuesday, October 22nd. Finally, DA Davidson cut their target price on shares of Nu Skin Enterprises from $12.50 to $11.00 and set a "neutral" rating on the stock in a report on Monday, August 12th.

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.