Prescott Group Capital Management L.L.C. Acquires 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. lifted its position in shares of Nu Skin Enterprises, Inc. (NYSE:NUS - Free Report) by 142.7% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,394,608 shares of the company's stock after acquiring an additional 819,972 shares during the period. Nu Skin Enterprises comprises approximately 1.4% of Prescott Group Capital Management L.L.C.'s holdings, making the stock its 10th largest holding. Prescott Group Capital Management L.L.C. owned about 2.80% of Nu Skin Enterprises worth $10,125,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Proficio Capital Partners LLC bought a new position in Nu Skin Enterprises during the fourth quarter valued at about $115,000. PNC Financial Services Group Inc. boosted its stake in 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 valued at $57,000 after buying an additional 7,888 shares in the last quarter. Corient Private Wealth LLC bought a new position in Nu Skin Enterprises during the fourth quarter valued at about $128,000. American Century Companies Inc. boosted its position in shares of Nu Skin Enterprises by 12.0% in the 4th quarter. American Century Companies Inc. now owns 824,739 shares of the company's stock valued at $5,682,000 after purchasing an additional 88,181 shares during the period. Finally, Sei Investments Co. boosted its position in shares of Nu Skin Enterprises by 14.7% in the 4th quarter. Sei Investments Co. now owns 176,843 shares of the company's stock valued at $1,218,000 after purchasing an additional 22,660 shares during the period. 82.84% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Edwina D. Woodbury sold 4,532 shares of the firm's stock in a transaction that occurred on Monday, June 2nd. The stock was sold at an average price of $8.44, for a total value of $38,250.08. Following the transaction, the director directly owned 42,947 shares of the company's stock, valued at approximately $362,472.68. This trade represents a 9.55% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Steven Keith Hatchett acquired 6,500 shares of the business's stock in a transaction that occurred on Wednesday, May 28th. The stock was 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 in the company, valued at $1,221,970.10. This represents a 4.18% increase in their position. The disclosure for this purchase can be found here. 2.00% of the stock is currently owned by company insiders.

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.

Nu Skin Enterprises Stock Down 1.7%

Nu Skin Enterprises stock traded down $0.15 during mid-day trading on Tuesday, hitting $8.74. The company's stock had a trading volume of 159,018 shares, compared to its average volume of 653,477. The firm's 50 day moving average is $8.25 and its 200 day moving average is $7.38. The company has a market cap of $431.84 million, a PE ratio of -10.92 and a beta of 0.95. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.02 and a quick ratio of 1.29. Nu Skin Enterprises, Inc. has a 52-week low of $5.32 and a 52-week high of $11.64.

Nu Skin Enterprises (NYSE:NUS - Get Free Report) last posted its quarterly 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. Nu Skin Enterprises had a positive return on equity of 6.99% and a negative net margin of 2.30%. The company had revenue of $364.49 million during the quarter, compared to the consensus estimate of $352.06 million. On average, analysts anticipate that Nu Skin Enterprises, Inc. will post 1.05 earnings per share for the current year.

Nu Skin Enterprises Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 11th. Investors of record on Friday, May 30th were paid a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 2.75%. The ex-dividend date was Friday, May 30th. Nu Skin Enterprises's payout ratio is -30.00%.

About Nu Skin Enterprises

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.