Charles Schwab Investment Management Inc. Sells 1,748 Shares of Nuvei Co. (NASDAQ:NVEI)

Charles Schwab Investment Management Inc. lessened its stake in shares of Nuvei Co. (NASDAQ:NVEI) by 1.3% in the third quarter, Holdings Channel reports. The institutional investor owned 135,533 shares of the company’s stock after selling 1,748 shares during the period. Charles Schwab Investment Management Inc.’s holdings in Nuvei were worth $4,524,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in NVEI. Headlands Technologies LLC purchased a new stake in Nuvei during the 2nd quarter valued at $28,000. Longfellow Investment Management Co. LLC purchased a new position in shares of Nuvei in the 2nd quarter worth $36,000. ProShare Advisors LLC purchased a new position in shares of Nuvei in the 2nd quarter worth $248,000. K2 Principal Fund L.P. purchased a new position in shares of Nuvei in the 2nd quarter worth $361,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Nuvei by 7.1% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 12,956 shares of the company’s stock worth $420,000 after buying an additional 861 shares during the last quarter. Institutional investors own 42.45% of the company’s stock.

Nuvei Price Performance

NASDAQ NVEI opened at $33.99 on Friday. The company has a market capitalization of $4.82 billion, a PE ratio of 226.60, a price-to-earnings-growth ratio of 1.73 and a beta of 2.51. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.03 and a current ratio of 1.04. The business’s fifty day moving average is $33.73 and its 200 day moving average is $33.14. Nuvei Co. has a fifty-two week low of $19.07 and a fifty-two week high of $34.00.

Nuvei Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, December 12th. Investors of record on Tuesday, November 26th were given a dividend of $0.10 per share. The ex-dividend date was Tuesday, November 26th. This represents a $0.40 annualized dividend and a yield of 1.18%. Nuvei’s dividend payout ratio (DPR) is presently 266.67%.

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.