Nuvei (NASDAQ:NVEI) Hits New 1-Year High – Time to Buy?

Nuvei Co. (NASDAQ:NVEI)’s stock price reached a new 52-week high during trading on Wednesday . The stock traded as high as $33.97 and last traded at $33.97, with a volume of 1267046 shares traded. The stock had previously closed at $33.57.

Nuvei Trading Down 0.0 %

The firm’s 50-day moving average is $33.43 and its 200 day moving average is $32.87. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.60. The firm has a market capitalization of $4.82 billion, a price-to-earnings ratio of 226.53, a P/E/G ratio of 1.85 and a beta of 2.51.

Nuvei Announces Dividend

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Vanguard Group Inc. lifted its position in shares of Nuvei by 2.0% in the 1st quarter. Vanguard Group Inc. now owns 2,327,272 shares of the company’s stock worth $73,588,000 after purchasing an additional 44,600 shares during the period. Absolute Gestao de Investimentos Ltda. acquired a new position in shares of Nuvei in the 2nd quarter worth approximately $18,577,000. P Schoenfeld Asset Management LP acquired a new position in shares of Nuvei in the 2nd quarter worth approximately $16,485,000. Gabelli Funds LLC acquired a new position in shares of Nuvei in the 1st quarter worth approximately $623,000. Finally, Toronto Dominion Bank lifted its position in shares of Nuvei by 53.9% in the 1st quarter. Toronto Dominion Bank now owns 23,504 shares of the company’s stock worth $743,000 after purchasing an additional 8,235 shares during the period. Institutional investors and hedge funds own 42.45% of the company’s stock.

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.