Nu Skin Enterprises (NYSE:NUS) Stock Price Up 15.6% After Dividend Announcement

Shares of Nu Skin Enterprises, Inc. (NYSE:NUS) rose 15.6% during trading on Monday following a dividend announcement from the company. The company traded as high as $9.99 and last traded at $10.32. Approximately 488,983 shares were traded during trading, a decline of 25% from the average daily volume of 650,792 shares. The stock had previously closed at $8.93.

The newly announced dividend which will be paid on Wednesday, September 10th. Shareholders of record on Friday, August 29th will be issued a dividend of $0.06 per share. The ex-dividend date is Friday, August 29th. This represents a $0.24 dividend on an annualized basis and a yield of 2.3%. Nu Skin Enterprises’s dividend payout ratio is 11.94%.

Analyst Ratings Changes

Separately, Wall Street Zen lowered shares of Nu Skin Enterprises from a “strong-buy” rating to a “buy” rating in a report on Saturday.

Nu Skin Enterprises Stock Performance

The stock’s 50-day simple moving average is $8.44 and its 200 day simple moving average is $7.50. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.38 and a current ratio of 2.01. The company has a market capitalization of $522.41 million, a PE ratio of 5.26 and a beta of 0.91.

Nu Skin Enterprises (NYSE:NUS) last announced its quarterly earnings data on Thursday, August 7th. The company reported $0.43 EPS for the quarter, beating analysts’ consensus estimates of $0.25 by $0.18. Nu Skin Enterprises had a net margin of 6.20% and a return on equity of 8.23%. The company had revenue of $386.14 million for the quarter, compared to the consensus estimate of $376.68 million. As a group, research analysts expect that Nu Skin Enterprises, Inc. will post 1.05 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Nu Skin Enterprises news, Director Edwina D. Woodbury sold 4,532 shares of the stock in a transaction that occurred on Monday, June 2nd. The shares were sold at an average price of $8.44, for a total value of $38,250.08. Following the sale, the director directly owned 42,947 shares of the company’s stock, valued at approximately $362,472.68. This represents a 9.55% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, insider Steven Keith Hatchett acquired 6,500 shares of the company’s stock in a transaction on Wednesday, May 28th. The stock was purchased at an average cost of $7.54 per share, for a total transaction of $49,010.00. Following the completion of the transaction, the insider owned 162,065 shares in the company, valued at approximately $1,221,970.10. The trade was a 4.18% increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 2.00% of the company’s stock.

Institutional Investors Weigh In On Nu Skin Enterprises

Large investors have recently modified their holdings of the company. Two Sigma Investments LP grew its position in shares of Nu Skin Enterprises by 24.2% in the 4th quarter. Two Sigma Investments LP now owns 700,500 shares of the company’s stock valued at $4,826,000 after buying an additional 136,624 shares during the last quarter. Man Group plc grew its position in shares of Nu Skin Enterprises by 125.5% in the 4th quarter. Man Group plc now owns 102,836 shares of the company’s stock valued at $709,000 after buying an additional 57,235 shares during the last quarter. New York State Teachers Retirement System purchased a new position in shares of Nu Skin Enterprises in the 1st quarter valued at $33,000. Wealth Enhancement Advisory Services LLC purchased a new position in shares of Nu Skin Enterprises in the 1st quarter valued at $118,000. Finally, Bank of Montreal Can purchased a new position in shares of Nu Skin Enterprises in the 4th quarter valued at $80,000. 82.84% of the stock is owned by hedge funds and other institutional investors.

About Nu Skin Enterprises

Nu Skin Enterprises, Inc, together with its subsidiaries, engages in the development and distribution of various beauty and wellness products worldwide. It offers skin care devices, cosmetics, and other personal care products, including ageLOC LumiSpa and ageLOC LumiSpa iO; and nutricentials skin care products.