Nuvei Co. (NASDAQ:NVEI) Holdings Lifted by Verition Fund Management LLC

Verition Fund Management LLC boosted its holdings in Nuvei Co. (NASDAQ:NVEI) by 246.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 191,630 shares of the company’s stock after acquiring an additional 136,291 shares during the quarter. Verition Fund Management LLC owned about 0.14% of Nuvei worth $6,391,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of NVEI. Headlands Technologies LLC acquired a new position in shares of Nuvei in the 2nd quarter worth approximately $28,000. Longfellow Investment Management Co. LLC acquired a new position in Nuvei in the second quarter worth approximately $36,000. ProShare Advisors LLC bought a new position in shares of Nuvei in the second quarter valued at $248,000. K2 Principal Fund L.P. acquired a new stake in shares of Nuvei during the 2nd quarter valued at $361,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Nuvei by 7.1% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 12,956 shares of the company’s stock worth $420,000 after acquiring an additional 861 shares in the last quarter. 42.45% of the stock is currently owned by institutional investors.

Nuvei Stock Up 0.0 %

Shares of Nuvei stock opened at $33.99 on Monday. Nuvei Co. has a 12-month low of $19.07 and a 12-month high of $34.00. The firm has a market capitalization of $4.82 billion, a PE ratio of 226.60, a price-to-earnings-growth 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. The stock’s fifty day moving average is $33.60 and its 200-day moving average is $33.02.

Nuvei Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Tuesday, November 26th will be paid a dividend of $0.10 per share. 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 dividend payout ratio is presently 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.