GSA Capital Partners LLP Trims Stake in Nomad Foods Limited (NYSE:NOMD)

GSA Capital Partners LLP lessened its holdings in shares of Nomad Foods Limited (NYSE:NOMD) by 12.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 24,172 shares of the company’s stock after selling 3,555 shares during the quarter. GSA Capital Partners LLP’s holdings in Nomad Foods were worth $461,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. Blue Trust Inc. grew its holdings in Nomad Foods by 133.2% during the second quarter. Blue Trust Inc. now owns 1,635 shares of the company’s stock valued at $27,000 after purchasing an additional 934 shares during the period. Headlands Technologies LLC purchased a new stake in Nomad Foods in the 2nd quarter worth approximately $42,000. National Bank of Canada FI increased its holdings in Nomad Foods by 378.4% in the 2nd quarter. National Bank of Canada FI now owns 2,775 shares of the company’s stock worth $46,000 after acquiring an additional 2,195 shares in the last quarter. Quarry LP increased its holdings in Nomad Foods by 366.5% in the 2nd quarter. Quarry LP now owns 3,004 shares of the company’s stock worth $50,000 after acquiring an additional 2,360 shares in the last quarter. Finally, nVerses Capital LLC purchased a new stake in Nomad Foods in the 2nd quarter worth approximately $120,000. Institutional investors own 75.26% of the company’s stock.

Nomad Foods Trading Up 1.6 %

NOMD stock opened at $17.10 on Thursday. Nomad Foods Limited has a 1-year low of $15.76 and a 1-year high of $20.05. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.20 and a quick ratio of 0.72. The company has a market capitalization of $2.79 billion, a price-to-earnings ratio of 12.80 and a beta of 0.79. The business has a 50 day simple moving average of $18.04 and a two-hundred day simple moving average of $17.95.

Nomad Foods Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, November 26th. Shareholders of record on Friday, November 8th will be paid a $0.15 dividend. The ex-dividend date is Friday, November 8th. This represents a $0.60 annualized dividend and a yield of 3.51%. Nomad Foods’s payout ratio is 45.11%.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. StockNews.com raised shares of Nomad Foods from a “hold” rating to a “buy” rating in a report on Monday. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Nomad Foods from $25.00 to $23.00 and set a “buy” rating for the company in a report on Monday, November 4th.

Nomad Foods Profile

Nomad Foods Limited, together with its subsidiaries, manufactures, markets, and distributes a range of frozen food products in the United Kingdom and internationally. The company offers frozen fish products, including fish fingers, coated fish, and natural fish; ready-to-cook vegetable products, such as peas and spinach; and frozen poultry and meat products comprising nuggets, grills, and burgers.