Y Intercept Hong Kong Ltd Acquires New Shares in Nuvei Co. (NASDAQ:NVEI)

Y Intercept Hong Kong Ltd bought a new position in Nuvei Co. (NASDAQ:NVEI) in the third quarter, HoldingsChannel reports. The fund bought 27,183 shares of the company’s stock, valued at approximately $907,000.

Several other hedge funds and other institutional investors have also bought and sold shares of NVEI. K2 Principal Fund L.P. increased its position in Nuvei by 130.4% during the third quarter. K2 Principal Fund L.P. now owns 25,711 shares of the company’s stock valued at $857,000 after acquiring an additional 14,552 shares during the last quarter. XTX Topco Ltd bought a new stake in shares of Nuvei during the 3rd quarter valued at about $610,000. State Street Corp increased its position in shares of Nuvei by 1.4% during the 3rd quarter. State Street Corp now owns 125,805 shares of the company’s stock valued at $4,196,000 after purchasing an additional 1,703 shares during the last quarter. Readystate Asset Management LP bought a new position in shares of Nuvei in the 3rd quarter worth approximately $3,038,000. Finally, Polar Asset Management Partners Inc. boosted its holdings in shares of Nuvei by 260.0% in the third quarter. Polar Asset Management Partners Inc. now owns 810,000 shares of the company’s stock worth $27,014,000 after buying an additional 585,000 shares during the last quarter. Institutional investors own 42.45% of the company’s stock.

Nuvei Price Performance

Shares of Nuvei stock opened at $33.99 on Friday. The stock has a market cap of $4.82 billion, a P/E ratio of 226.60, a P/E/G ratio of 1.73 and a beta of 2.51. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.03 and a current ratio of 1.04. The stock’s fifty day moving average is $33.72 and its 200 day moving average is $33.12. Nuvei Co. has a one year low of $19.07 and a one year high of $34.00.

Nuvei Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 12th. Stockholders of record on Tuesday, November 26th were given a $0.10 dividend. The ex-dividend date was Tuesday, November 26th. This represents a $0.40 annualized dividend and a dividend yield of 1.18%. Nuvei’s payout ratio is 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.