Skandinaviska Enskilda Banken AB publ Buys 72,977 Shares of Nuvei Co. (NASDAQ:NVEI)

Skandinaviska Enskilda Banken AB publ boosted its position in shares of Nuvei Co. (NASDAQ:NVEI) by 45,897.5% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 73,136 shares of the company’s stock after purchasing an additional 72,977 shares during the period. Skandinaviska Enskilda Banken AB publ’s holdings in Nuvei were worth $2,368,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Alberta Investment Management Corp boosted its position in Nuvei by 99.8% during the fourth quarter. Alberta Investment Management Corp now owns 90,300 shares of the company’s stock valued at $2,384,000 after purchasing an additional 45,100 shares during the last quarter. Ontario Teachers Pension Plan Board bought a new position in shares of Nuvei in the fourth quarter valued at $337,000. Vanguard Group Inc. grew its stake in shares of Nuvei by 2.0% in the first quarter. Vanguard Group Inc. now owns 2,327,272 shares of the company’s stock valued at $73,588,000 after buying an additional 44,600 shares in the last quarter. Gabelli Funds LLC acquired a new position in Nuvei during the first quarter worth $623,000. Finally, Norges Bank bought a new stake in Nuvei during the fourth quarter worth $6,776,000. 42.45% of the stock is currently owned by institutional investors.

Nuvei Stock Performance

Shares of NVEI opened at $33.31 on Tuesday. The company has a market cap of $4.66 billion, a PE ratio of -832.75, a price-to-earnings-growth ratio of 1.74 and a beta of 2.53. The firm has a 50-day moving average of $33.12 and a 200-day moving average of $31.98. Nuvei Co. has a one year low of $13.32 and a one year high of $33.78. 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 announced 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). Nuvei had a positive return on equity of 6.98% and a negative net margin of 0.87%. The business had revenue of $345.50 million for the quarter, compared to analyst estimates of $329.88 million. During the same period last year, the firm earned $0.19 EPS. Nuvei’s quarterly revenue was up 12.5% compared to the same quarter last year. As a group, equities analysts forecast that Nuvei Co. will post 1.14 earnings per share for the current year.

Nuvei Dividend Announcement

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

Nuvei Company 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.