Nuvei Co. (NASDAQ:NVEI) Shares Acquired by Citigroup Inc.

Citigroup Inc. increased its stake in shares of Nuvei Co. (NASDAQ:NVEI) by 24.6% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 153,525 shares of the company’s stock after purchasing an additional 30,357 shares during the period. Citigroup Inc. owned approximately 0.11% of Nuvei worth $5,125,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Headlands Technologies LLC purchased a new stake in Nuvei during the second quarter worth about $28,000. Longfellow Investment Management Co. LLC purchased a new stake in shares of Nuvei during the second quarter worth $36,000. ProShare Advisors LLC acquired a new position in Nuvei during the 2nd quarter worth $248,000. K2 Principal Fund L.P. purchased a new stake in Nuvei during the 2nd quarter worth about $361,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its position in Nuvei by 7.1% in the 2nd 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 in the last quarter. 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 Tuesday. 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 Co. has a fifty-two week low of $19.07 and a fifty-two week high of $34.00. The stock has a market cap of $4.82 billion, a price-to-earnings ratio of 226.60, a price-to-earnings-growth ratio of 1.73 and a beta of 2.51. The firm’s 50 day moving average price is $33.62 and its 200 day moving average price is $33.03.

Nuvei Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Tuesday, November 26th will be given a dividend of $0.10 per share. The ex-dividend date is Tuesday, November 26th. This represents a $0.40 annualized dividend and a dividend yield of 1.18%. Nuvei’s dividend payout ratio (DPR) is currently 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.