SteelPeak Wealth LLC Invests $207,000 in Nu Skin Enterprises, Inc. (NYSE:NUS)

SteelPeak Wealth LLC purchased a new position in shares of Nu Skin Enterprises, Inc. (NYSE:NUS) during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 14,965 shares of the company’s stock, valued at approximately $207,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. GAMMA Investing LLC bought a new stake in Nu Skin Enterprises during the 4th quarter worth about $33,000. CWM LLC lifted its position in shares of Nu Skin Enterprises by 38.4% during the first quarter. CWM LLC now owns 3,286 shares of the company’s stock worth $45,000 after purchasing an additional 911 shares in the last quarter. Signaturefd LLC grew its stake in shares of Nu Skin Enterprises by 25.1% during the fourth quarter. Signaturefd LLC now owns 5,000 shares of the company’s stock valued at $97,000 after purchasing an additional 1,004 shares during the last quarter. PNC Financial Services Group Inc. boosted its position in Nu Skin Enterprises by 211.5% in the 3rd quarter. PNC Financial Services Group Inc. now owns 7,986 shares of the company’s stock valued at $169,000 after buying an additional 5,422 shares during the last quarter. Finally, Gladius Capital Management LP acquired a new stake in shares of Nu Skin Enterprises in the 3rd quarter valued at $178,000. 82.84% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Nu Skin Enterprises

In other Nu Skin Enterprises news, Director Andrew D. Lipman sold 2,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 28th. The stock was sold at an average price of $13.33, for a total value of $26,660.00. Following the sale, the director now owns 23,225 shares in the company, valued at approximately $309,589.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders sold 5,693 shares of company stock valued at $71,690 over the last three months. Company insiders own 1.70% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, DA Davidson cut their price target on Nu Skin Enterprises from $15.50 to $12.50 and set a “neutral” rating on the stock in a research note on Thursday, May 9th. Four analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, Nu Skin Enterprises currently has a consensus rating of “Hold” and an average price target of $20.83.

Nu Skin Enterprises Stock Performance

NUS stock opened at $10.54 on Monday. Nu Skin Enterprises, Inc. has a twelve month low of $10.48 and a twelve month high of $34.31. The business’s fifty day moving average is $12.70 and its 200-day moving average is $14.61. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.09 and a quick ratio of 1.24.

Nu Skin Enterprises (NYSE:NUS) last announced its earnings results on Wednesday, May 8th. The company reported $0.09 EPS for the quarter, topping the consensus estimate of $0.05 by $0.04. The firm had revenue of $417.31 million for the quarter, compared to the consensus estimate of $426.55 million. Nu Skin Enterprises had a negative net margin of 0.17% and a positive return on equity of 9.28%. The business’s quarterly revenue was down 13.3% on a year-over-year basis. During the same period last year, the company posted $0.37 EPS. Research analysts predict that Nu Skin Enterprises, Inc. will post 1.1 earnings per share for the current fiscal year.

Nu Skin Enterprises Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 12th. Investors of record on Friday, May 31st were paid a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a yield of 2.28%. The ex-dividend date was Friday, May 31st. Nu Skin Enterprises’s payout ratio is presently -399.93%.

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.