Man Group plc grew its position in shares of Nu Skin Enterprises, Inc. (NYSE:NUS - Free Report) by 125.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 102,836 shares of the company's stock after purchasing an additional 57,235 shares during the quarter. Man Group plc owned approximately 0.21% of Nu Skin Enterprises worth $709,000 as of its most recent SEC filing.
Other hedge funds have also recently made changes to their positions in the company. Meeder Asset Management Inc. acquired a new stake in shares of Nu Skin Enterprises during the fourth quarter valued at about $25,000. US Bancorp DE raised its position in shares of Nu Skin Enterprises by 424.2% during the fourth quarter. US Bancorp DE now owns 7,460 shares of the company's stock worth $51,000 after acquiring an additional 6,037 shares during the last quarter. Signaturefd LLC raised its position in shares of Nu Skin Enterprises by 536.8% during the fourth quarter. Signaturefd LLC now owns 8,087 shares of the company's stock worth $56,000 after acquiring an additional 6,817 shares during the last quarter. PNC Financial Services Group Inc. raised its position in shares of Nu Skin Enterprises by 2,412.2% during the fourth quarter. PNC Financial Services Group Inc. now owns 8,215 shares of the company's stock worth $57,000 after acquiring an additional 7,888 shares during the last quarter. Finally, Bank of Montreal Can bought a new position in shares of Nu Skin Enterprises during the fourth quarter worth about $80,000. 82.84% of the stock is owned by institutional investors and hedge funds.
Insider Activity
In related news, insider Steven Keith Hatchett purchased 6,500 shares of the firm's stock in a transaction that occurred on Wednesday, May 28th. The stock was acquired at an average price of $7.54 per share, for a total transaction of $49,010.00. Following the completion of the acquisition, the insider now owns 162,065 shares of the company's stock, valued at $1,221,970.10. This represents a 4.18% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 2.00% of the company's stock.
Wall Street Analyst Weigh In
Separately, Wall Street Zen upgraded Nu Skin Enterprises from a "hold" rating to a "buy" rating in a research report on Monday, May 12th.
View Our Latest Stock Analysis on Nu Skin Enterprises
Nu Skin Enterprises Trading Up 13.2%
NUS stock traded up $0.98 during mid-day trading on Thursday, reaching $8.39. The company's stock had a trading volume of 769,096 shares, compared to its average volume of 833,316. The company has a market cap of $414.58 million, a price-to-earnings ratio of -2.84 and a beta of 0.92. The business's 50 day moving average price is $6.56 and its 200 day moving average price is $7.03. The company has a current ratio of 1.82, a quick ratio of 1.17 and a debt-to-equity ratio of 0.56. Nu Skin Enterprises, Inc. has a 12 month low of $5.32 and a 12 month high of $13.90.
Nu Skin Enterprises (NYSE:NUS - Get Free Report) last issued its earnings results on Thursday, May 8th. The company reported $0.23 earnings per share for the quarter, topping analysts' consensus estimates of $0.15 by $0.08. The business had revenue of $364.49 million during the quarter, compared to the consensus estimate of $352.06 million. Nu Skin Enterprises had a positive return on equity of 5.86% and a negative net margin of 8.46%. On average, equities research analysts predict that Nu Skin Enterprises, Inc. will post 1.05 EPS for the current year.
Nu Skin Enterprises Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 11th. Stockholders of record on Friday, May 30th will be issued a dividend of $0.06 per share. The ex-dividend date of this dividend is Friday, May 30th. This represents a $0.24 annualized dividend and a dividend yield of 2.86%. Nu Skin Enterprises's dividend payout ratio is -30.00%.
Nu Skin Enterprises Profile
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Free Report)
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.
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