78,819 Shares in Nu Skin Enterprises, Inc. (NYSE:NUS) Bought by Verition Fund Management LLC

Verition Fund Management LLC bought a new stake in Nu Skin Enterprises, Inc. (NYSE:NUS) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 78,819 shares of the company’s stock, valued at approximately $581,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in NUS. Walleye Capital LLC increased its stake in shares of Nu Skin Enterprises by 335.3% in the 3rd quarter. Walleye Capital LLC now owns 289,236 shares of the company’s stock valued at $2,132,000 after acquiring an additional 222,793 shares during the last quarter. Martingale Asset Management L P bought a new stake in Nu Skin Enterprises in the third quarter valued at approximately $251,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Nu Skin Enterprises by 3.7% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 116,424 shares of the company’s stock worth $858,000 after purchasing an additional 4,125 shares during the period. BNP Paribas Financial Markets boosted its position in shares of Nu Skin Enterprises by 69.7% during the third quarter. BNP Paribas Financial Markets now owns 143,319 shares of the company’s stock worth $1,056,000 after purchasing an additional 58,880 shares in the last quarter. Finally, Quantbot Technologies LP acquired a new position in shares of Nu Skin Enterprises in the 3rd quarter valued at $733,000. Institutional investors own 82.84% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently commented on the company. Citigroup dropped their price objective on Nu Skin Enterprises from $11.50 to $6.75 and set a “neutral” rating on the stock in a research note on Tuesday, October 22nd. StockNews.com raised Nu Skin Enterprises from a “hold” rating to a “buy” rating in a research report on Monday, November 11th.

Nu Skin Enterprises Stock Up 0.5 %

Nu Skin Enterprises stock opened at $7.83 on Wednesday. Nu Skin Enterprises, Inc. has a twelve month low of $5.95 and a twelve month high of $20.75. The company has a quick ratio of 1.20, a current ratio of 1.93 and a debt-to-equity ratio of 0.53. The company has a 50 day moving average of $6.85 and a 200-day moving average of $9.02. The stock has a market capitalization of $389.24 million, a PE ratio of -3.78 and a beta of 1.20.

Nu Skin Enterprises Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 11th. Shareholders of record on Friday, November 29th will be issued a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 3.07%. The ex-dividend date is Friday, November 29th. Nu Skin Enterprises’s dividend payout ratio (DPR) is presently -11.59%.

About Nu Skin Enterprises

Nu Skin Enterprises, Inc, together with its subsidiaries, engages in the development and distribution of various beauty and wellness products worldwide. It offers skin care devices, cosmetics, and other personal care products, including ageLOC LumiSpa and ageLOC LumiSpa iO; and nutricentials skin care products.