Dimensional Fund Advisors LP Increases Stock Holdings in N-able, Inc. (NYSE:NABL)

Dimensional Fund Advisors LP lifted its stake in shares of N-able, Inc. (NYSE:NABL) by 13.5% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 3,114,043 shares of the company’s stock after buying an additional 371,013 shares during the quarter. Dimensional Fund Advisors LP owned 1.69% of N-able worth $47,427,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of the stock. Vanguard Group Inc. raised its holdings in shares of N-able by 1.3% during the 1st quarter. Vanguard Group Inc. now owns 8,813,563 shares of the company’s stock valued at $115,193,000 after buying an additional 116,293 shares during the period. Sunriver Management LLC grew its stake in N-able by 28.7% during the 4th quarter. Sunriver Management LLC now owns 2,847,909 shares of the company’s stock valued at $37,735,000 after purchasing an additional 635,200 shares in the last quarter. Sea Cliff Partners Management LP acquired a new stake in N-able during the 4th quarter valued at approximately $16,940,000. Norges Bank acquired a new stake in N-able during the 4th quarter valued at approximately $8,402,000. Finally, Lazard Asset Management LLC grew its stake in N-able by 2.0% during the 1st quarter. Lazard Asset Management LLC now owns 575,014 shares of the company’s stock valued at $7,514,000 after purchasing an additional 11,351 shares in the last quarter. 96.35% of the stock is currently owned by hedge funds and other institutional investors.

N-able Price Performance

Shares of NABL opened at $12.99 on Monday. The firm has a market cap of $2.40 billion, a price-to-earnings ratio of 92.79 and a beta of 0.45. The stock has a 50 day moving average of $13.02 and a 200-day moving average of $13.27. The company has a current ratio of 2.97, a quick ratio of 2.97 and a debt-to-equity ratio of 0.46. N-able, Inc. has a 52 week low of $11.50 and a 52 week high of $15.48.

N-able (NYSE:NABL) last issued its earnings results on Thursday, August 8th. The company reported $0.14 EPS for the quarter, topping the consensus estimate of $0.10 by $0.04. The company had revenue of $119.40 million during the quarter, compared to analyst estimates of $116.83 million. N-able had a return on equity of 5.67% and a net margin of 7.19%. The business’s revenue was up 12.5% on a year-over-year basis. During the same quarter last year, the firm earned $0.03 EPS. As a group, analysts forecast that N-able, Inc. will post 0.27 EPS for the current year.

Wall Street Analyst Weigh In

Separately, Needham & Company LLC restated a “buy” rating and set a $16.50 price objective on shares of N-able in a research note on Friday, August 9th.

Insider Buying and Selling

In related news, Director Ann Johnson sold 21,200 shares of the firm’s stock in a transaction that occurred on Monday, August 12th. The stock was sold at an average price of $12.79, for a total value of $271,148.00. Following the sale, the director now owns 48,797 shares of the company’s stock, valued at approximately $624,113.63. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other N-able news, CEO John Pagliuca sold 150,956 shares of N-able stock in a transaction on Monday, August 12th. The stock was sold at an average price of $12.77, for a total transaction of $1,927,708.12. Following the sale, the chief executive officer now owns 1,465,346 shares of the company’s stock, valued at approximately $18,712,468.42. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Ann Johnson sold 21,200 shares of N-able stock in a transaction on Monday, August 12th. The shares were sold at an average price of $12.79, for a total value of $271,148.00. Following the sale, the director now directly owns 48,797 shares in the company, valued at approximately $624,113.63. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 199,351 shares of company stock valued at $2,551,240. Insiders own 1.43% of the company’s stock.

About N-able

N-able, Inc provides cloud-based software solutions for managed service providers in the United States, the United Kingdom, and internationally. The company's solutions enable MSPs to support digital transformation and growth within small and medium-sized enterprises. It provides software platform designed to be an integrated, enterprise-grade solution that serves as an operating system for its MSP partners and scales as their businesses grow.