UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 8,553 Shares of Nuvei Co. (NASDAQ:NVEI)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC reduced its position in shares of Nuvei Co. (NASDAQ:NVEI) by 9.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 80,348 shares of the company’s stock after selling 8,553 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Nuvei were worth $2,680,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Headlands Technologies LLC acquired a new stake in Nuvei during the 2nd quarter worth approximately $28,000. Longfellow Investment Management Co. LLC bought a new position in shares of Nuvei during the second quarter valued at $36,000. ProShare Advisors LLC acquired a new position in shares of Nuvei during the second quarter worth $248,000. K2 Principal Fund L.P. bought a new stake in shares of Nuvei in the second quarter worth $361,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Nuvei by 7.1% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 12,956 shares of the company’s stock valued at $420,000 after purchasing an additional 861 shares during the period. Institutional investors and hedge funds own 42.45% of the company’s stock.

Nuvei Stock Up 0.0 %

Shares of NASDAQ:NVEI opened at $33.99 on Friday. The business has a fifty day simple moving average of $33.73 and a 200 day simple moving average of $33.14. Nuvei Co. has a 12-month low of $19.07 and a 12-month high of $34.00. The firm has a market cap of $4.82 billion, a P/E ratio of 226.60, a P/E/G ratio of 1.73 and a beta of 2.51. The company has a quick ratio of 1.03, a current ratio of 1.04 and a debt-to-equity ratio of 0.59.

Nuvei Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 12th. Investors of record on Tuesday, November 26th were paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.18%. The ex-dividend date of this dividend was Tuesday, November 26th. Nuvei’s dividend payout ratio is currently 266.67%.

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.