Nuvei Co. (NASDAQ:NVEI) Shares Bought by Longfellow Investment Management Co. LLC

Longfellow Investment Management Co. LLC grew its stake in Nuvei Co. (NASDAQ:NVEI) by 90.1% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,139 shares of the company’s stock after purchasing an additional 1,014 shares during the period. Longfellow Investment Management Co. LLC’s holdings in Nuvei were worth $71,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of NVEI. Vanguard Group Inc. lifted its position in Nuvei by 2.0% in the first 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. Millennium Management LLC lifted its holdings in shares of Nuvei by 130.8% in the 2nd quarter. Millennium Management LLC now owns 2,138,217 shares of the company’s stock valued at $69,235,000 after buying an additional 1,211,748 shares during the period. Pentwater Capital Management LP boosted its stake in shares of Nuvei by 1,233.3% in the second quarter. Pentwater Capital Management LP now owns 2,000,000 shares of the company’s stock valued at $64,760,000 after buying an additional 1,850,000 shares in the last quarter. Alpine Associates Management Inc. grew its holdings in Nuvei by 15.1% during the third quarter. Alpine Associates Management Inc. now owns 823,433 shares of the company’s stock worth $27,461,000 after acquiring an additional 108,230 shares during the period. Finally, Highbridge Capital Management LLC purchased a new position in Nuvei in the second quarter worth $24,956,000. Hedge funds and other institutional investors own 42.45% of the company’s stock.

Nuvei Price Performance

Nuvei stock opened at $33.99 on Monday. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.03 and a current ratio of 1.04. Nuvei Co. has a one year low of $19.07 and a one year high of $34.00. The company has a market cap of $4.82 billion, a P/E ratio of 226.60, a price-to-earnings-growth ratio of 1.73 and a beta of 2.51. The business has a fifty day moving average of $33.54 and a two-hundred day moving average of $32.96.

Nuvei Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Tuesday, November 26th will be issued 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 is Tuesday, November 26th. Nuvei’s dividend payout ratio is currently 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.