Natural Alternatives International (NASDAQ:NAII) Coverage Initiated at StockNews.com

StockNews.com assumed coverage on shares of Natural Alternatives International (NASDAQ:NAII) in a report issued on Wednesday morning. The brokerage issued a buy rating on the stock.

Natural Alternatives International Price Performance

Shares of NASDAQ:NAII opened at $3.50 on Wednesday. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.50 and a current ratio of 2.70. The firm has a market cap of $21.70 million, a price-to-earnings ratio of -2.71 and a beta of 0.60. The business has a 50-day simple moving average of $3.99 and a two-hundred day simple moving average of $4.50. Natural Alternatives International has a fifty-two week low of $3.27 and a fifty-two week high of $7.26.

Natural Alternatives International (NASDAQ:NAII) last announced its quarterly earnings results on Friday, February 14th. The company reported ($0.37) EPS for the quarter. The company had revenue of $34.08 million during the quarter. Natural Alternatives International had a negative return on equity of 9.36% and a negative net margin of 6.26%.

Hedge Funds Weigh In On Natural Alternatives International

Several hedge funds and other institutional investors have recently modified their holdings of the company. Citadel Advisors LLC purchased a new stake in Natural Alternatives International during the fourth quarter valued at $61,000. Northern Trust Corp boosted its position in Natural Alternatives International by 54.3% in the fourth quarter. Northern Trust Corp now owns 37,633 shares of the company’s stock worth $162,000 after purchasing an additional 13,238 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Natural Alternatives International by 6.9% during the 3rd quarter. Geode Capital Management LLC now owns 45,062 shares of the company’s stock valued at $258,000 after purchasing an additional 2,915 shares during the period. Mink Brook Asset Management LLC purchased a new stake in shares of Natural Alternatives International during the 4th quarter valued at about $1,293,000. Finally, Dimensional Fund Advisors LP increased its holdings in Natural Alternatives International by 0.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 429,043 shares of the company’s stock valued at $1,841,000 after buying an additional 2,371 shares during the last quarter. 32.40% of the stock is owned by institutional investors.

Natural Alternatives International Company Profile

Natural Alternatives International, Inc engages in formulating, manufacturing, and marketing nutritional supplements in the United States, Europe, Australia, Asia, Mexico, and Canada. The company operates in two segments, Private-Label Contract Manufacturing, and Patent and Trademark Licensing. It offers private-label contract manufacturing services to companies that market and distribute vitamins, minerals, herbal, and other nutritional supplements, as well as other health care products.