BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp Has $1.15 Million Holdings in Nuvei Co. (NASDAQ:NVEI)

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lessened its position in shares of Nuvei Co. (NASDAQ:NVEI) by 13.8% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 35,566 shares of the company’s stock after selling 5,676 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp’s holdings in Nuvei were worth $1,152,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Headlands Technologies LLC acquired a new position in shares of Nuvei in the 2nd quarter valued at about $28,000. Longfellow Investment Management Co. LLC acquired a new position in Nuvei in the second quarter valued at approximately $36,000. Covestor Ltd bought a new position in shares of Nuvei during the 1st quarter worth approximately $58,000. Quantbot Technologies LP acquired a new stake in shares of Nuvei during the 1st quarter worth approximately $207,000. Finally, Virtu Financial LLC bought a new stake in shares of Nuvei in the 4th quarter valued at $248,000. Institutional investors and hedge funds own 42.45% of the company’s stock.

Nuvei Stock Up 0.0 %

Shares of NASDAQ NVEI opened at $33.34 on Monday. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.60. The firm has a market cap of $4.67 billion, a PE ratio of -833.50, a P/E/G ratio of 1.83 and a beta of 2.53. The company’s fifty day simple moving average is $33.17 and its 200 day simple moving average is $32.20. Nuvei Co. has a 12-month low of $13.32 and a 12-month 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 analysts’ consensus estimates of $0.47 by ($0.06). Nuvei had a negative net margin of 0.87% and a positive return on equity of 6.98%. The firm had revenue of $345.50 million during the quarter, compared to analyst estimates of $329.88 million. During the same period last year, the business posted $0.19 EPS. The company’s revenue was up 12.5% on a year-over-year basis. As a group, sell-side analysts forecast that Nuvei Co. will post 1.09 earnings per share for the current fiscal year.

Nuvei Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 5th. Investors of record on Tuesday, August 20th were issued a $0.10 dividend. The ex-dividend date was Tuesday, August 20th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.20%. Nuvei’s dividend payout ratio is presently -1,000.00%.

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.