Harvest Portfolios Group Inc. Sells 9,340 Shares of Nuvei Co. (NASDAQ:NVEI)

Harvest Portfolios Group Inc. decreased its position in Nuvei Co. (NASDAQ:NVEI) by 34.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,130 shares of the company’s stock after selling 9,340 shares during the quarter. Harvest Portfolios Group Inc.’s holdings in Nuvei were worth $605,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Mirae Asset Global Investments Co. Ltd. grew its position in Nuvei by 15.5% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 87,883 shares of the company’s stock worth $2,779,000 after purchasing an additional 11,767 shares in the last quarter. Quantbot Technologies LP purchased a new stake in shares of Nuvei during the first quarter valued at approximately $207,000. Swiss National Bank lifted its holdings in Nuvei by 1.0% during the first quarter. Swiss National Bank now owns 125,400 shares of the company’s stock worth $3,963,000 after acquiring an additional 1,200 shares during the period. Tocqueville Asset Management L.P. boosted its position in Nuvei by 14.3% in the first quarter. Tocqueville Asset Management L.P. now owns 80,000 shares of the company’s stock worth $2,530,000 after purchasing an additional 10,000 shares during the last quarter. Finally, Vanguard Group Inc. grew its stake in Nuvei by 2.0% in the 1st quarter. Vanguard Group Inc. now owns 2,327,272 shares of the company’s stock valued at $73,588,000 after purchasing an additional 44,600 shares during the period. Hedge funds and other institutional investors own 42.45% of the company’s stock.

Nuvei Trading Down 0.3 %

NASDAQ NVEI opened at $33.40 on Thursday. The business’s fifty day moving average is $33.39 and its 200-day moving average is $32.82. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.06 and a quick ratio of 1.06. The stock has a market capitalization of $4.74 billion, a price-to-earnings ratio of -371.07, a PEG ratio of 1.84 and a beta of 2.51. Nuvei Co. has a one year low of $14.94 and a one year high of $33.78.

Nuvei (NASDAQ:NVEI) last announced its quarterly earnings data on Tuesday, August 6th. The company reported $0.41 EPS for the quarter, missing the consensus estimate of $0.47 by ($0.06). Nuvei had a positive return on equity of 6.98% and a negative net margin of 0.87%. The company had revenue of $345.50 million during the quarter, compared to the consensus estimate of $329.88 million. During the same period in the prior year, the firm posted $0.19 EPS. The business’s revenue was up 12.5% on a year-over-year basis. Equities research analysts predict that Nuvei Co. will post 1.09 EPS for the current year.

Nuvei 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.