Sagefield Capital LP Takes $835,000 Position in Nuvei Co. (NASDAQ:NVEI)

Sagefield Capital LP acquired a new position in shares of Nuvei Co. (NASDAQ:NVEI) in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 25,800 shares of the company’s stock, valued at approximately $835,000.

A number of other institutional investors also recently added to or reduced their stakes in NVEI. Norges Bank purchased a new stake in shares of Nuvei during the fourth quarter valued at about $6,776,000. Ontario Teachers Pension Plan Board acquired a new position in shares of Nuvei during the fourth quarter worth $337,000. Alberta Investment Management Corp lifted its holdings in shares of Nuvei by 99.8% during the 4th quarter. Alberta Investment Management Corp now owns 90,300 shares of the company’s stock valued at $2,384,000 after purchasing an additional 45,100 shares during the last quarter. CIBC Asset Management Inc boosted its position in shares of Nuvei by 1.7% in the 4th quarter. CIBC Asset Management Inc now owns 66,577 shares of the company’s stock worth $1,755,000 after purchasing an additional 1,112 shares in the last quarter. Finally, CastleKnight Management LP purchased a new position in Nuvei during the 4th quarter worth $305,000. Institutional investors own 42.45% of the company’s stock.

Nuvei Trading Up 0.0 %

Nuvei stock opened at $33.31 on Tuesday. Nuvei Co. has a one year low of $13.32 and a one year high of $33.78. The stock has a market cap of $4.66 billion, a PE ratio of -832.75, a price-to-earnings-growth ratio of 1.74 and a beta of 2.53. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.06 and a current ratio of 1.06. The stock has a 50-day moving average of $33.12 and a two-hundred day moving average of $31.98.

Nuvei (NASDAQ:NVEI) last issued its quarterly earnings results on Tuesday, August 6th. The company reported $0.41 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.06). Nuvei had a negative net margin of 0.87% and a positive return on equity of 6.98%. The company had revenue of $345.50 million for the quarter, compared to analyst estimates of $329.88 million. During the same quarter in the previous year, the company posted $0.19 EPS. The company’s revenue for the quarter was up 12.5% compared to the same quarter last year. On average, research analysts anticipate that Nuvei Co. will post 1.14 EPS for the current fiscal year.

Nuvei Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, September 5th. Investors of record on Tuesday, August 20th were issued 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 of this dividend was Tuesday, August 20th. Nuvei’s dividend payout ratio (DPR) is -1,000.00%.

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.