Prescott Group Capital Management L.L.C. Buys 819,972 Shares of Nu Skin Enterprises, Inc. (NYSE:NUS)

Key Points

• Prescott Group Capital Management L.L.C. increased its stake in Nu Skin Enterprises by 142.7%, purchasing an additional 819,972 shares in the first quarter, making it the fund's 10th biggest holding.
• Wall Street analysts have upgraded Nu Skin Enterprises from a "hold" to a "buy" rating, reflecting a positive outlook for the company's growth.
• Nu Skin Enterprises recently declared a quarterly dividend of $0.06 per share, resulting in an annualized yield of 2.67%.

Prescott Group Capital Management L.L.C. raised its stake in Nu Skin Enterprises, Inc. (NYSE:NUS - Free Report) by 142.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,394,608 shares of the company's stock after buying an additional 819,972 shares during the quarter. Nu Skin Enterprises comprises about 1.4% of Prescott Group Capital Management L.L.C.'s portfolio, making the stock its 10th biggest holding. Prescott Group Capital Management L.L.C. owned about 2.80% of Nu Skin Enterprises worth $10,125,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently bought and sold shares of NUS. Meeder Asset Management Inc. acquired a new position in Nu Skin Enterprises in the fourth quarter valued at about $25,000. GAMMA Investing LLC lifted its position in shares of Nu Skin Enterprises by 102.0% during the first quarter. GAMMA Investing LLC now owns 3,498 shares of the company's stock worth $25,000 after purchasing an additional 1,766 shares in the last quarter. New York State Teachers Retirement System acquired a new stake in shares of Nu Skin Enterprises during the first quarter worth about $33,000. Public Employees Retirement System of Ohio lifted its position in shares of Nu Skin Enterprises by 28.5% during the fourth quarter. Public Employees Retirement System of Ohio now owns 7,976 shares of the company's stock worth $55,000 after purchasing an additional 1,768 shares in the last quarter. Finally, PNC Financial Services Group Inc. lifted 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 purchasing an additional 7,888 shares in the last quarter. Institutional investors and hedge funds own 82.84% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen raised shares of Nu Skin Enterprises from a "hold" rating to a "buy" rating in a research report on Monday, May 12th.

Insider Activity at Nu Skin Enterprises

In related news, insider Steven Keith Hatchett purchased 6,500 shares of the company's stock in a transaction on Wednesday, May 28th. The shares were bought at an average cost of $7.54 per share, for a total transaction of $49,010.00. Following the completion of the purchase, the insider directly owned 162,065 shares of the company's stock, valued at approximately $1,221,970.10. This trade represents a 4.18% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Edwina D. Woodbury sold 4,532 shares of the stock in a transaction that occurred on Monday, June 2nd. The shares were sold at an average price of $8.44, for a total transaction of $38,250.08. Following the completion of the transaction, the director owned 42,947 shares in the company, valued at $362,472.68. This represents a 9.55% decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.00% of the stock is owned by company insiders.

Nu Skin Enterprises Stock Down 8.5%

Shares of NUS opened at $8.98 on Friday. The stock has a market capitalization of $443.45 million, a PE ratio of -11.22 and a beta of 0.95. Nu Skin Enterprises, Inc. has a 1 year low of $5.32 and a 1 year high of $11.64. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.29 and a current ratio of 2.02. The company's 50-day simple moving average is $8.20 and its 200-day simple moving average is $7.34.

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, beating the consensus estimate of $0.15 by $0.08. The firm had revenue of $364.49 million for the quarter, compared to analysts' expectations of $352.06 million. Nu Skin Enterprises had a negative net margin of 2.30% and a positive return on equity of 6.99%. Analysts forecast that Nu Skin Enterprises, Inc. will post 1.05 earnings per share for the current fiscal year.

Nu Skin Enterprises Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 11th. Investors of record on Friday, May 30th were issued a $0.06 dividend. The ex-dividend date of this dividend was Friday, May 30th. This represents a $0.24 annualized dividend and a yield of 2.67%. Nu Skin Enterprises's dividend payout ratio (DPR) is -30.00%.

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.

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