Longfellow Investment Management Co. LLC Increases Stock Position in Nuvei Co. (NASDAQ:NVEI)

Longfellow Investment Management Co. LLC lifted its holdings in shares of Nuvei Co. (NASDAQ:NVEI) by 90.1% in the third quarter, HoldingsChannel reports. The firm owned 2,139 shares of the company’s stock after acquiring an additional 1,014 shares during the period. Longfellow Investment Management Co. LLC’s holdings in Nuvei were worth $71,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of the stock. Alpine Associates Management Inc. lifted its holdings in Nuvei by 15.1% in the 3rd quarter. Alpine Associates Management Inc. now owns 823,433 shares of the company’s stock valued at $27,461,000 after purchasing an additional 108,230 shares in the last quarter. Vanguard Group Inc. lifted its stake in shares of Nuvei by 2.0% during the first quarter. Vanguard Group Inc. now owns 2,327,272 shares of the company’s stock valued at $73,588,000 after buying an additional 44,600 shares during the period. Absolute Gestao de Investimentos Ltda. purchased a new position in shares of Nuvei during the second quarter valued at approximately $18,577,000. P Schoenfeld Asset Management LP acquired a new stake in Nuvei during the second quarter worth approximately $16,485,000. Finally, Gabelli Funds LLC purchased a new stake in Nuvei in the 1st quarter worth approximately $623,000. 42.45% of the stock is currently owned by institutional investors and hedge funds.

Nuvei Trading Up 0.0 %

Shares of Nuvei stock opened at $33.99 on Monday. The firm has a market cap of $4.82 billion, a PE ratio of 226.60, a P/E/G ratio of 1.73 and a beta of 2.51. 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 business’s fifty day moving average is $33.54 and its two-hundred day moving average is $32.96.

Nuvei Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Tuesday, November 26th will be paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 1.18%. The ex-dividend date of this dividend is Tuesday, November 26th. Nuvei’s payout ratio is 266.67%.

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.