Verition Fund Management LLC Purchases Shares of 78,819 Nu Skin Enterprises, Inc. (NYSE:NUS)

Verition Fund Management LLC acquired a new position in shares of Nu Skin Enterprises, Inc. (NYSE:NUS) in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 78,819 shares of the company’s stock, valued at approximately $581,000. Verition Fund Management LLC owned approximately 0.16% of Nu Skin Enterprises at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Signaturefd LLC increased its holdings in Nu Skin Enterprises by 72.6% during the 2nd quarter. Signaturefd LLC now owns 3,797 shares of the company’s stock valued at $40,000 after purchasing an additional 1,597 shares in the last quarter. Canada Pension Plan Investment Board bought a new stake in shares of Nu Skin Enterprises during the second quarter worth $47,000. Headlands Technologies LLC increased its stake in shares of Nu Skin Enterprises by 1,428.0% in the second quarter. Headlands Technologies LLC now owns 6,937 shares of the company’s stock valued at $73,000 after buying an additional 6,483 shares in the last quarter. nVerses Capital LLC bought a new position in shares of Nu Skin Enterprises in the second quarter valued at about $75,000. Finally, Covestor Ltd lifted its position in Nu Skin Enterprises by 110.9% during the 3rd quarter. Covestor Ltd now owns 10,140 shares of the company’s stock worth $75,000 after buying an additional 5,333 shares in the last quarter. Institutional investors own 82.84% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on NUS. Citigroup dropped their target price on shares of Nu Skin Enterprises from $11.50 to $6.75 and set a “neutral” rating for the company in a research note on Tuesday, October 22nd. StockNews.com raised shares of Nu Skin Enterprises from a “hold” rating to a “buy” rating in a report on Monday, November 11th.

Nu Skin Enterprises Price Performance

Nu Skin Enterprises stock opened at $7.83 on Wednesday. The business’s 50-day simple moving average is $6.85 and its 200 day simple moving average is $9.02. The company has a quick ratio of 1.20, a current ratio of 1.93 and a debt-to-equity ratio of 0.53. The stock has a market cap of $389.24 million, a price-to-earnings ratio of -3.78 and a beta of 1.20. Nu Skin Enterprises, Inc. has a 12-month low of $5.95 and a 12-month high of $20.75.

Nu Skin Enterprises Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 11th. Investors of record on Friday, November 29th will be paid a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 3.07%. The ex-dividend date of this dividend is Friday, November 29th. Nu Skin Enterprises’s dividend payout ratio (DPR) is -11.59%.

Nu Skin Enterprises Company 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.