VELA Investment Management LLC Invests $286,000 in Nomad Foods Limited (NYSE:NOMD)

VELA Investment Management LLC bought a new position in shares of Nomad Foods Limited (NYSE:NOMD) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 15,000 shares of the company’s stock, valued at approximately $286,000.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Miller Howard Investments Inc. NY boosted its holdings in shares of Nomad Foods by 2.2% during the 2nd quarter. Miller Howard Investments Inc. NY now owns 27,451 shares of the company’s stock worth $452,000 after purchasing an additional 595 shares during the last quarter. Custom Index Systems LLC lifted its holdings in Nomad Foods by 4.7% in the third quarter. Custom Index Systems LLC now owns 18,845 shares of the company’s stock valued at $359,000 after acquiring an additional 847 shares during the last quarter. Blue Trust Inc. lifted its holdings in Nomad Foods by 133.2% in the second quarter. Blue Trust Inc. now owns 1,635 shares of the company’s stock valued at $27,000 after acquiring an additional 934 shares during the last quarter. Allegheny Financial Group LTD lifted its holdings in Nomad Foods by 4.9% in the second quarter. Allegheny Financial Group LTD now owns 24,336 shares of the company’s stock valued at $401,000 after acquiring an additional 1,128 shares during the last quarter. Finally, Deroy & Devereaux Private Investment Counsel Inc. lifted its holdings in Nomad Foods by 0.7% in the third quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 202,735 shares of the company’s stock valued at $3,864,000 after acquiring an additional 1,450 shares during the last quarter. 75.26% of the stock is currently owned by institutional investors and hedge funds.

Nomad Foods Trading Up 0.5 %

NYSE NOMD traded up $0.08 on Friday, reaching $17.63. The stock had a trading volume of 551,271 shares, compared to its average volume of 577,039. The firm has a market capitalization of $2.87 billion, a price-to-earnings ratio of 13.06 and a beta of 0.78. The company has a quick ratio of 0.73, a current ratio of 1.17 and a debt-to-equity ratio of 0.80. Nomad Foods Limited has a 12-month low of $14.00 and a 12-month high of $20.05. The stock has a fifty day moving average price of $18.50 and a two-hundred day moving average price of $18.07.

Nomad Foods (NYSE:NOMD) last announced its earnings results on Wednesday, August 7th. The company reported $0.47 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.47. The company had revenue of $810.64 million for the quarter, compared to analyst estimates of $822.21 million. Nomad Foods had a return on equity of 9.78% and a net margin of 6.79%. As a group, sell-side analysts forecast that Nomad Foods Limited will post 1.96 EPS for the current fiscal year.

Nomad Foods Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 26th. Stockholders of record on Friday, November 8th will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 3.40%. The ex-dividend date is Friday, November 8th. Nomad Foods’s dividend payout ratio is currently 44.44%.

Analyst Ratings Changes

A number of research firms recently commented on NOMD. StockNews.com upgraded Nomad Foods from a “hold” rating to a “buy” rating in a report on Friday, October 25th. Deutsche Bank Aktiengesellschaft upped their price objective on Nomad Foods from $23.00 to $24.00 and gave the company a “buy” rating in a report on Thursday, August 8th. Finally, Barclays decreased their price objective on Nomad Foods from $22.00 to $21.00 and set an “overweight” rating on the stock in a report on Friday, July 19th.

Nomad Foods Profile

Nomad Foods Limited, together with its subsidiaries, manufactures, markets, and distributes a range of frozen food products in the United Kingdom and internationally. The company offers frozen fish products, including fish fingers, coated fish, and natural fish; ready-to-cook vegetable products, such as peas and spinach; and frozen poultry and meat products comprising nuggets, grills, and burgers.