Janus Henderson Group PLC Has $8.36 Million Position in Nuvei Co. (NASDAQ:NVEI)

Janus Henderson Group PLC lowered its stake in shares of Nuvei Co. (NASDAQ:NVEI) by 5.1% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 250,688 shares of the company’s stock after selling 13,470 shares during the quarter. Janus Henderson Group PLC owned about 0.18% of Nuvei worth $8,362,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Headlands Technologies LLC bought a new stake in shares of Nuvei during the 2nd quarter worth $28,000. Longfellow Investment Management Co. LLC bought a new stake in Nuvei during the second quarter valued at about $36,000. ProShare Advisors LLC acquired a new stake in shares of Nuvei in the second quarter valued at about $248,000. Paloma Partners Management Co bought a new position in shares of Nuvei in the third quarter worth about $275,000. Finally, K2 Principal Fund L.P. acquired a new position in shares of Nuvei during the 2nd quarter worth about $361,000. Institutional investors and hedge funds own 42.45% of the company’s stock.

Nuvei Stock Performance

NVEI opened at $33.99 on Monday. The company has a quick ratio of 1.03, a current ratio of 1.04 and a debt-to-equity ratio of 0.59. The stock’s 50 day moving average price is $33.67 and its two-hundred day moving average price is $33.08. The firm has a market capitalization 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. Nuvei Co. has a 12-month low of $19.07 and a 12-month high of $34.00.

Nuvei Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Tuesday, November 26th will be given 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 (DPR) 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.