Paloma Partners Management Co Invests $275,000 in Nuvei Co. (NASDAQ:NVEI)

Paloma Partners Management Co bought a new stake in shares of Nuvei Co. (NASDAQ:NVEI) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 8,240 shares of the company’s stock, valued at approximately $275,000.

Other large investors have also recently added to or reduced their stakes in the company. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Nuvei by 7.1% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 12,956 shares of the company’s stock valued at $420,000 after acquiring an additional 861 shares during the last quarter. Picton Mahoney Asset Management purchased a new position in Nuvei in the 2nd quarter worth about $16,190,000. Pentwater Capital Management LP raised its holdings in Nuvei by 1,233.3% during the 2nd quarter. Pentwater Capital Management LP now owns 2,000,000 shares of the company’s stock worth $64,760,000 after buying an additional 1,850,000 shares during the period. CIBC Asset Management Inc lifted its stake in Nuvei by 4.5% during the second quarter. CIBC Asset Management Inc now owns 81,601 shares of the company’s stock valued at $2,641,000 after buying an additional 3,479 shares in the last quarter. Finally, Wolverine Asset Management LLC acquired a new position in shares of Nuvei in the second quarter worth about $2,153,000. 42.45% of the stock is currently owned by institutional investors.

Nuvei Stock Performance

Nuvei stock opened at $33.99 on Friday. Nuvei Co. has a fifty-two week low of $19.07 and a fifty-two week high of $34.00. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.04 and a quick ratio of 1.03. The company has a market cap 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. The firm’s 50 day simple moving average is $33.66 and its 200-day simple moving average is $33.06.

Nuvei Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Tuesday, November 26th will be given a $0.10 dividend. 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 (DPR) is presently 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.