K2 Principal Fund L.P. purchased a new position in Nuvei Co. (NASDAQ:NVEI – Free Report) in the second quarter, Holdings Channel.com reports. The fund purchased 11,159 shares of the company’s stock, valued at approximately $361,000.
Other large investors have also added to or reduced their stakes in the company. Glazer Capital LLC purchased a new stake in shares of Nuvei in the 2nd quarter worth about $22,910,000. Sagefield Capital LP purchased a new stake in Nuvei in the second quarter worth about $835,000. P Schoenfeld Asset Management LP bought a new stake in Nuvei during the 2nd quarter valued at approximately $16,485,000. Gabelli Funds LLC grew its holdings in shares of Nuvei by 417.0% during the 2nd quarter. Gabelli Funds LLC now owns 101,850 shares of the company’s stock worth $3,298,000 after acquiring an additional 82,150 shares during the period. Finally, ProShare Advisors LLC bought a new position in shares of Nuvei in the 2nd quarter worth approximately $248,000. Institutional investors own 42.45% of the company’s stock.
Nuvei Trading Up 0.0 %
NVEI opened at $33.31 on Tuesday. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.60. Nuvei Co. has a 52 week low of $13.32 and a 52 week high of $33.78. The stock has a market cap of $4.66 billion, a PE ratio of -832.75, a PEG ratio of 1.74 and a beta of 2.53. The business has a 50 day moving average of $33.12 and a 200-day moving average of $31.98.
Nuvei Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 5th. Investors of record on Tuesday, August 20th were paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 1.20%. The ex-dividend date of this dividend was Tuesday, August 20th. Nuvei’s payout ratio is currently -1,000.00%.
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.
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