Skandinaviska Enskilda Banken AB publ Has $2.37 Million Stock Holdings in Nuvei Co. (NASDAQ:NVEI)

Skandinaviska Enskilda Banken AB publ increased its position in shares of Nuvei Co. (NASDAQ:NVEI) by 45,897.5% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 73,136 shares of the company’s stock after purchasing an additional 72,977 shares during the quarter. Skandinaviska Enskilda Banken AB publ owned approximately 0.05% of Nuvei worth $2,368,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its position in Nuvei by 2.0% during the 1st quarter. Vanguard Group Inc. now owns 2,327,272 shares of the company’s stock worth $73,588,000 after buying an additional 44,600 shares in the last quarter. Pentwater Capital Management LP lifted its position in shares of Nuvei by 1,233.3% during the second quarter. Pentwater Capital Management LP now owns 2,000,000 shares of the company’s stock worth $64,760,000 after purchasing an additional 1,850,000 shares in the last quarter. Dixon Mitchell Investment Counsel Inc. grew its stake in shares of Nuvei by 15.4% during the first quarter. Dixon Mitchell Investment Counsel Inc. now owns 1,347,917 shares of the company’s stock valued at $42,783,000 after purchasing an additional 179,840 shares during the last quarter. Highbridge Capital Management LLC acquired a new stake in shares of Nuvei in the second quarter valued at approximately $24,956,000. Finally, Alpine Associates Management Inc. bought a new position in Nuvei in the 2nd quarter worth approximately $23,158,000. 42.45% of the stock is currently owned by institutional investors and hedge funds.

Nuvei Stock Up 0.0 %

Shares of NVEI opened at $33.31 on Tuesday. The business’s fifty day moving average price is $33.12 and its two-hundred day moving average price is $31.98. The firm has a market capitalization of $4.66 billion, a price-to-earnings ratio of -832.75, a PEG ratio of 1.74 and a beta of 2.53. Nuvei Co. has a 52 week low of $13.32 and a 52 week high of $33.78. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.06 and a current ratio of 1.06.

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

Nuvei Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 5th. Shareholders 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 yield of 1.20%. The ex-dividend date was Tuesday, August 20th. Nuvei’s dividend payout ratio is presently -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.