Bardin Hill Management Partners LP Lowers Stake in Nuvei Co. (NASDAQ:NVEI)

Bardin Hill Management Partners LP decreased its position in Nuvei Co. (NASDAQ:NVEI) by 10.5% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 25,483 shares of the company’s stock after selling 3,005 shares during the quarter. Nuvei accounts for approximately 0.4% of Bardin Hill Management Partners LP’s portfolio, making the stock its 28th largest position. Bardin Hill Management Partners LP’s holdings in Nuvei were worth $850,000 at the end of the most recent reporting period.

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

Nuvei Price Performance

Shares of NVEI opened at $33.99 on Monday. The company has a market cap of $4.82 billion, a P/E ratio of 226.60, a PEG ratio of 1.73 and a beta of 2.51. Nuvei Co. has a fifty-two week low of $19.07 and a fifty-two week high of $34.00. 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 firm’s 50 day moving average price is $33.60 and its 200 day moving average price is $33.02.

Nuvei Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders 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 dividend yield of 1.18%. The ex-dividend date of this dividend 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.