Paloma Partners Management Co Makes New Investment in Nu Skin Enterprises, Inc. (NYSE:NUS)

Paloma Partners Management Co bought a new stake in Nu Skin Enterprises, Inc. (NYSE:NUS) in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 37,047 shares of the company’s stock, valued at approximately $273,000. Paloma Partners Management Co owned approximately 0.07% of Nu Skin Enterprises at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Public Employees Retirement System of Ohio increased its stake in Nu Skin Enterprises by 30.5% in the 1st quarter. Public Employees Retirement System of Ohio now owns 3,926 shares of the company’s stock valued at $54,000 after purchasing an additional 918 shares in the last quarter. The Manufacturers Life Insurance Company raised its stake in shares of Nu Skin Enterprises by 6.0% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 19,262 shares of the company’s stock worth $203,000 after buying an additional 1,096 shares during the last quarter. SummerHaven Investment Management LLC boosted its position in shares of Nu Skin Enterprises by 4.7% in the 2nd quarter. SummerHaven Investment Management LLC now owns 25,778 shares of the company’s stock worth $272,000 after buying an additional 1,152 shares in the last quarter. Signaturefd LLC grew its stake in Nu Skin Enterprises by 72.6% in the 2nd quarter. Signaturefd LLC now owns 3,797 shares of the company’s stock valued at $40,000 after acquiring an additional 1,597 shares during the last quarter. Finally, Ensign Peak Advisors Inc increased its holdings in Nu Skin Enterprises by 9.0% during the 2nd quarter. Ensign Peak Advisors Inc now owns 19,976 shares of the company’s stock valued at $211,000 after acquiring an additional 1,650 shares in the last quarter. 82.84% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on NUS. Citigroup reduced their price target on shares of Nu Skin Enterprises from $11.50 to $6.75 and set a “neutral” rating on the stock in a report on Tuesday, October 22nd. StockNews.com raised Nu Skin Enterprises from a “hold” rating to a “buy” rating in a research report on Monday, November 11th. Finally, DA Davidson reduced their price objective on Nu Skin Enterprises from $12.50 to $11.00 and set a “neutral” rating on the stock in a research report on Monday, August 12th.

Nu Skin Enterprises Stock Performance

Shares of NUS opened at $7.69 on Friday. Nu Skin Enterprises, Inc. has a 1 year low of $5.95 and a 1 year high of $20.75. The company’s 50 day simple moving average is $6.82 and its 200 day simple moving average is $9.20. The company has a market capitalization of $382.27 million, a price-to-earnings ratio of -3.71 and a beta of 1.20. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.20 and a current ratio of 1.93.

Nu Skin Enterprises Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 11th. Stockholders of record on Friday, November 29th will be given a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 3.12%. The ex-dividend date of this dividend is Friday, November 29th. Nu Skin Enterprises’s dividend payout ratio is currently -11.59%.

Nu Skin Enterprises Company Profile

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.