Nuvei Co. (NASDAQ:NVEI) Shares Bought by Polar Asset Management Partners Inc.

Polar Asset Management Partners Inc. boosted its holdings in shares of Nuvei Co. (NASDAQ:NVEI) by 260.0% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 810,000 shares of the company’s stock after purchasing an additional 585,000 shares during the quarter. Polar Asset Management Partners Inc.’s holdings in Nuvei were worth $27,014,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in NVEI. Headlands Technologies LLC purchased a new stake in Nuvei in the 2nd quarter worth approximately $28,000. Longfellow Investment Management Co. LLC acquired a new position in shares of Nuvei during the 2nd quarter worth approximately $36,000. ProShare Advisors LLC acquired a new stake in Nuvei in the 2nd quarter valued at $248,000. Paloma Partners Management Co purchased a new stake in Nuvei in the 3rd quarter worth $275,000. Finally, K2 Principal Fund L.P. acquired a new position in Nuvei during the second quarter worth $361,000. 42.45% of the stock is owned by hedge funds and other institutional investors.

Nuvei Stock Up 0.0 %

Shares of NASDAQ NVEI opened at $33.99 on Wednesday. The firm has a market cap of $4.82 billion, a price-to-earnings ratio of 226.60, a price-to-earnings-growth ratio of 1.73 and a beta of 2.51. The company’s 50-day simple moving average is $33.63 and its 200-day simple moving average is $33.05. The company has a quick ratio of 1.03, a current ratio of 1.04 and a debt-to-equity ratio of 0.59. Nuvei Co. has a 52-week low of $19.07 and a 52-week high of $34.00.

Nuvei Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Tuesday, November 26th will be issued a dividend of $0.10 per share. The ex-dividend date of this dividend is Tuesday, November 26th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.18%. Nuvei’s payout ratio is currently 266.67%.

About Nuvei

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.