Natural Health Trends (NASDAQ:NHTC) Trading 1.6% Higher - Here's What Happened

Key Points

• Natural Health Trends Corp. shares increased by 1.6%, reaching a high of $4.54 in trading, although overall trading volume dropped by 47% compared to its average.
• The company recently declared a quarterly dividend of $0.20, resulting in an annualized yield of 17.9%, despite having a high dividend payout ratio of 2,666.67%.
• An institutional investor, Millennium Management LLC, raised its stake in Natural Health Trends by 51.4% during the fourth quarter, owning approximately 0.14% of the company at a value of $74,000.

Shares of Natural Health Trends Corp. (NASDAQ:NHTC - ) shot up 1.6% during trading on Tuesday . The company traded as high as $4.54 and last traded at $4.47. 9,596 shares were traded during mid-day trading, a decline of 47% from the average session volume of 18,161 shares. The stock had previously closed at $4.40.

Natural Health Trends Price Performance

The company has a market capitalization of $51.46 million, a P/E ratio of 149.05 and a beta of 0.67. The company has a fifty day moving average price of $4.54 and a 200 day moving average price of $4.70.

Natural Health Trends Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 22nd. Shareholders of record on Tuesday, August 12th were given a $0.20 dividend. The ex-dividend date was Tuesday, August 12th. This represents a $0.80 annualized dividend and a yield of 17.9%. Natural Health Trends's dividend payout ratio is 2,666.67%.

Hedge Funds Weigh In On Natural Health Trends

An institutional investor recently raised its position in Natural Health Trends stock. Millennium Management LLC lifted its position in Natural Health Trends Corp. (NASDAQ:NHTC - Free Report) by 51.4% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 16,108 shares of the company's stock after buying an additional 5,467 shares during the period. Millennium Management LLC owned approximately 0.14% of Natural Health Trends worth $74,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 10.13% of the company's stock.

About Natural Health Trends

Natural Health Trends Corp., a direct-selling and e-commerce company, provides personal care, wellness, and lifestyle products under the NHT Global brand. The company offers wellness products, including liquid, encapsulated, tableted and powder dietary and nutritional supplements, vitamins, and minerals; and herbal products comprising herbal supplements.

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