Absolute Gestao de Investimentos Ltda. bought a new position in Nuvei Co. (NASDAQ:NVEI – Free Report) during the second quarter, according to its most recent 13F filing with the SEC. The fund bought 573,723 shares of the company’s stock, valued at approximately $18,577,000. Nuvei comprises about 9.6% of Absolute Gestao de Investimentos Ltda.’s holdings, making the stock its 3rd largest position. Absolute Gestao de Investimentos Ltda. owned about 0.41% of Nuvei at the end of the most recent reporting period.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Headlands Technologies LLC bought a new position in Nuvei during the second quarter valued at $28,000. Longfellow Investment Management Co. LLC purchased a new stake in shares of Nuvei in the second quarter worth approximately $36,000. Covestor Ltd bought a new stake in shares of Nuvei during the 1st quarter worth approximately $58,000. Quantbot Technologies LP bought a new position in Nuvei in the 1st quarter valued at $207,000. Finally, ProShare Advisors LLC purchased a new position in Nuvei in the 2nd quarter worth about $248,000. Hedge funds and other institutional investors own 42.45% of the company’s stock.
Nuvei Price Performance
Shares of NVEI stock opened at $33.34 on Wednesday. The company has a market capitalization of $4.73 billion, a P/E ratio of -833.50, a P/E/G ratio of 1.83 and a beta of 2.53. The company’s 50-day simple moving average is $33.14 and its two-hundred day simple moving average is $32.05. Nuvei Co. has a one year low of $13.32 and a one year high of $33.78. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.06 and a quick ratio of 1.06.
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 $0.10 dividend. 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 (DPR) 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.
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