Charles Schwab Investment Management Inc. Trims Stake in Nuvei Co. (NASDAQ:NVEI)

Charles Schwab Investment Management Inc. trimmed its holdings in shares of Nuvei Co. (NASDAQ:NVEI) by 1.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 135,533 shares of the company’s stock after selling 1,748 shares during the quarter. Charles Schwab Investment Management Inc. owned about 0.10% of Nuvei worth $4,524,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Headlands Technologies LLC purchased a new position in shares of Nuvei in the 2nd quarter worth about $28,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Nuvei by 7.1% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 12,956 shares of the company’s stock valued at $420,000 after acquiring an additional 861 shares during the period. The Manufacturers Life Insurance Company boosted its holdings in Nuvei by 2.1% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 52,663 shares of the company’s stock valued at $1,703,000 after acquiring an additional 1,067 shares during the period. Longfellow Investment Management Co. LLC purchased a new stake in Nuvei during the 2nd quarter valued at about $36,000. Finally, Wolverine Asset Management LLC raised its position in Nuvei by 2.0% during the 3rd quarter. Wolverine Asset Management LLC now owns 67,804 shares of the company’s stock valued at $2,261,000 after purchasing an additional 1,312 shares during the last quarter. 42.45% of the stock is currently owned by hedge funds and other institutional investors.

Nuvei Trading Up 0.0 %

NVEI opened at $33.99 on Friday. The business has a 50 day simple moving average of $33.73 and a two-hundred day simple moving average of $33.14. The firm has a market capitalization of $4.82 billion, a price-to-earnings ratio of 226.60, a PEG ratio of 1.73 and a beta of 2.51. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.04 and a quick ratio of 1.03. Nuvei Co. has a one year low of $19.07 and a one year high of $34.00.

Nuvei Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, December 12th. Stockholders of record on Tuesday, November 26th were given a $0.10 dividend. This represents a $0.40 annualized dividend 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%.

About Nuvei

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.