Nuvei Co. (NASDAQ:NVEI) Shares Purchased by Glazer Capital LLC

Glazer Capital LLC boosted its position in Nuvei Co. (NASDAQ:NVEI) by 129.1% in the third quarter, HoldingsChannel.com reports. The firm owned 1,621,166 shares of the company’s stock after purchasing an additional 913,632 shares during the quarter. Nuvei comprises approximately 3.2% of Glazer Capital LLC’s investment portfolio, making the stock its 10th biggest holding. Glazer Capital LLC’s holdings in Nuvei were worth $54,066,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of NVEI. Pentwater Capital Management LP lifted its position in shares of Nuvei by 1,233.3% during the 2nd quarter. Pentwater Capital Management LP now owns 2,000,000 shares of the company’s stock valued at $64,760,000 after acquiring an additional 1,850,000 shares during the last quarter. Millennium Management LLC lifted its position in shares of Nuvei by 130.8% during the 2nd quarter. Millennium Management LLC now owns 2,138,217 shares of the company’s stock valued at $69,235,000 after acquiring an additional 1,211,748 shares during the last quarter. Highbridge Capital Management LLC acquired a new stake in shares of Nuvei during the 2nd quarter valued at $24,956,000. Alpine Associates Management Inc. purchased a new stake in shares of Nuvei in the second quarter valued at $23,158,000. Finally, Absolute Gestao de Investimentos Ltda. acquired a new stake in shares of Nuvei in the second quarter worth $18,577,000. Institutional investors and hedge funds own 42.45% of the company’s stock.

Nuvei Stock Performance

Shares of Nuvei stock opened at $33.99 on Friday. The stock has a market cap of $4.82 billion, a PE 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 simple moving average of $33.60 and a 200-day simple moving average of $33.01. 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 12 month low of $19.07 and a 12 month high of $34.00.

Nuvei Dividend Announcement

The company 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. The ex-dividend date is Tuesday, November 26th. This represents a $0.40 annualized dividend and a dividend yield of 1.18%. Nuvei’s dividend payout ratio is 266.67%.

Nuvei 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.