Insider Buying: Nature's Sunshine Products (NASDAQ:NATR) Major Shareholder Purchases $293,800.00 in Stock

Key Points

• Prescott Group Capital Management bought 20,000 Nature’s Sunshine shares at $14.69 each, investing $293,800 and increasing its direct ownership to 1,944,486 shares. The purchase followed additional acquisitions totaling more than 141,000 shares earlier in August.
• NATR shares recently traded at $14.56, down 0.6%, with the stock substantially below its 52-week high of $28.14. The company’s latest quarterly results missed expectations, reporting $0.21 in EPS versus $0.27 expected and revenue of $116.99 million versus $123.70 million forecast.
• Analyst sentiment remains generally positive, with two Buy ratings and one Hold rating and a consensus price target of $30.50, although several firms recently lowered their targets or downgraded the stock.

Nature's Sunshine Products, Inc. (NASDAQ:NATR - Get Free Report) major shareholder Prescott Group Capital Managem bought 20,000 shares of the business's stock in a transaction on Monday, August 17th. The stock was bought at an average cost of $14.69 per share, with a total value of $293,800.00. Following the completion of the purchase, the insider directly owned 1,944,486 shares in the company, valued at approximately $28,564,499.34. The trade was a 1.04% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Large shareholders that own 10% or more of a company's stock are required to disclose their sales and purchases with the SEC.

Prescott Group Capital Managem also recently made the following trade(s):

• On Monday, August 10th, Prescott Group Capital Managem purchased 40,876 shares of Nature's Sunshine Products stock. The shares were purchased at an average cost of $15.84 per share, for a total transaction of $647,475.84.
• On Friday, August 7th, Prescott Group Capital Managem acquired 96,000 shares of Nature's Sunshine Products stock. The stock was purchased at an average cost of $16.63 per share, with a total value of $1,596,480.00.
• On Thursday, August 6th, Prescott Group Capital Managem acquired 4,513 shares of Nature's Sunshine Products stock. The shares were purchased at an average price of $16.57 per share, with a total value of $74,780.41.

Nature's Sunshine Products Trading Down 0.6%

NATR stock traded down $0.09 during trading on Wednesday, reaching $14.56. 150,459 shares of the stock were exchanged, compared to its average volume of 131,563. The firm has a market capitalization of $256.26 million, a price-to-earnings ratio of 14.42 and a beta of 0.88. The business has a 50 day moving average price of $19.94 and a 200-day moving average price of $23.05. Nature's Sunshine Products, Inc. has a 1 year low of $12.97 and a 1 year high of $28.14.

Nature's Sunshine Products (NASDAQ:NATR - Get Free Report) last posted its quarterly earnings results on Thursday, August 6th. The company reported $0.21 earnings per share for the quarter, missing the consensus estimate of $0.27 by ($0.06). The firm had revenue of $116.99 million during the quarter, compared to analysts' expectations of $123.70 million. Nature's Sunshine Products had a net margin of 3.68% and a return on equity of 12.88%.

Institutional Investors Weigh In On Nature's Sunshine Products

A number of hedge funds have recently added to or reduced their stakes in the business. First Trust Advisors LP boosted its holdings in Nature's Sunshine Products by 1.7% in the fourth quarter. First Trust Advisors LP now owns 44,803 shares of the company's stock valued at $967,000 after purchasing an additional 736 shares in the last quarter. Ameriprise Financial Inc. lifted its position in shares of Nature's Sunshine Products by 1.4% during the 2nd quarter. Ameriprise Financial Inc. now owns 54,008 shares of the company's stock worth $799,000 after buying an additional 753 shares during the last quarter. R Squared Ltd boosted its holdings in shares of Nature's Sunshine Products by 7.7% in the 1st quarter. R Squared Ltd now owns 15,340 shares of the company's stock valued at $368,000 after buying an additional 1,092 shares in the last quarter. Legal & General Group Plc purchased a new position in shares of Nature's Sunshine Products in the 2nd quarter valued at $30,000. Finally, State of Alaska Department of Revenue purchased a new position in shares of Nature's Sunshine Products in the 4th quarter valued at $31,000. 79.40% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

NATR has been the topic of several recent analyst reports. Weiss Ratings lowered Nature's Sunshine Products from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Tuesday, June 9th. DA Davidson reduced their price objective on shares of Nature's Sunshine Products from $33.00 to $25.00 and set a "buy" rating on the stock in a report on Monday, August 10th. Canaccord Genuity Group lowered their target price on shares of Nature's Sunshine Products from $37.00 to $36.00 and set a "buy" rating for the company in a research note on Thursday, July 30th. Finally, Wall Street Zen cut shares of Nature's Sunshine Products from a "buy" rating to a "hold" rating in a research report on Sunday. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, Nature's Sunshine Products currently has an average rating of "Moderate Buy" and a consensus price target of $30.50.

About Nature's Sunshine Products

Nature’s Sunshine Products, Inc is a global manufacturer and direct seller of nutritional supplements, herbal remedies, and personal care products. The company’s core business centers on research, development and distribution of vitamins, minerals, botanicals and essential oil-based formulations designed to support overall health and wellness. Operating under a network-marketing model, Nature’s Sunshine works through a network of independent distributors who promote and sell its product line directly to consumers.

The company’s product portfolio spans dietary supplements such as single-ingredient vitamins, proprietary herbal blends, sports nutrition formulas and weight-management solutions, along with skin and hair care items based on botanical extracts and essential oils.

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