Gabelli Funds LLC grew its stake in shares of Nuvei Co. (NASDAQ:NVEI – Free Report) by 417.0% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 101,850 shares of the company’s stock after purchasing an additional 82,150 shares during the quarter. Gabelli Funds LLC owned 0.07% of Nuvei worth $3,298,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Headlands Technologies LLC acquired a new position in shares of Nuvei during the second quarter worth about $28,000. Longfellow Investment Management Co. LLC acquired a new position in shares of Nuvei during the second quarter worth about $36,000. Covestor Ltd acquired a new position in shares of Nuvei during the first quarter worth about $58,000. Quantbot Technologies LP acquired a new position in shares of Nuvei during the first quarter worth about $207,000. Finally, ProShare Advisors LLC purchased a new stake in shares of Nuvei during the second quarter worth about $248,000. Institutional investors and hedge funds own 42.45% of the company’s stock.
Nuvei Stock Up 0.1 %
Shares of NASDAQ NVEI opened at $33.34 on Wednesday. Nuvei Co. has a 1 year low of $13.32 and a 1 year high of $33.78. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.60. The stock’s 50-day simple moving average is $33.14 and its 200-day simple moving average is $32.05.
Nuvei Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Thursday, September 5th. Stockholders of record on Tuesday, August 20th were given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.20%. The ex-dividend date was Tuesday, August 20th. Nuvei’s payout ratio is -1,000.00%.
About Nuvei
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.
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