Headlands Technologies LLC Buys New Position in Nuvei Co. (NASDAQ:NVEI)

Headlands Technologies LLC bought a new stake in shares of Nuvei Co. (NASDAQ:NVEI) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 860 shares of the company’s stock, valued at approximately $28,000.

Several other large investors also recently added to or reduced their stakes in NVEI. Mitsubishi UFJ Asset Management Co. Ltd. grew its position in Nuvei by 35.8% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 7,944 shares of the company’s stock valued at $191,000 after buying an additional 2,095 shares during the period. Norges Bank bought a new position in shares of Nuvei in the fourth quarter worth approximately $6,776,000. Trexquant Investment LP boosted its position in shares of Nuvei by 33.8% in the fourth quarter. Trexquant Investment LP now owns 97,200 shares of the company’s stock worth $2,552,000 after purchasing an additional 24,580 shares during the period. Ontario Teachers Pension Plan Board bought a new position in shares of Nuvei in the fourth quarter worth approximately $337,000. Finally, Alberta Investment Management Corp boosted its position in shares of Nuvei by 99.8% in the fourth quarter. Alberta Investment Management Corp now owns 90,300 shares of the company’s stock worth $2,384,000 after purchasing an additional 45,100 shares during the period. 42.45% of the stock is currently owned by institutional investors.

Nuvei Stock Performance

NVEI opened at $33.28 on Wednesday. The firm has a market cap of $4.66 billion, a P/E ratio of -832.00, a PEG ratio of 1.74 and a beta of 2.53. Nuvei Co. has a 1-year low of $13.32 and a 1-year high of $33.78. The company has a 50 day simple moving average of $33.06 and a two-hundred day simple moving average of $31.72. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.06 and a quick ratio of 1.06.

Nuvei (NASDAQ:NVEI) last posted its quarterly earnings results on Tuesday, August 6th. The company reported $0.41 earnings per share for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.06). The firm had revenue of $345.50 million during the quarter, compared to the consensus estimate of $329.88 million. Nuvei had a positive return on equity of 6.98% and a negative net margin of 0.87%. The business’s revenue for the quarter was up 12.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.19 earnings per share. Equities analysts forecast that Nuvei Co. will post 1.14 earnings per share for the current fiscal year.

Nuvei Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, September 5th. Stockholders of record on Tuesday, August 20th were issued a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 1.20%. The ex-dividend date was Tuesday, August 20th. Nuvei’s dividend payout ratio (DPR) is presently -1,000.00%.

Nuvei Profile

Nuvei Corporation provides payment technology solutions to merchants and partners in North America, Europe, the Middle East and Africa, Latin America, and the Asia Pacific. The company's platform enables customers to pay and/or accept payments worldwide regardless of the location, device, or preferred payment method.