Inspire Advisors LLC Makes New Investment in Nu Skin Enterprises, Inc. (NYSE:NUS)

Inspire Advisors LLC acquired a new position in shares of Nu Skin Enterprises, Inc. (NYSE:NUS) in the 1st quarter, Holdings Channel reports. The fund acquired 12,277 shares of the company’s stock, valued at approximately $170,000.

A number of other large investors have also recently made changes to their positions in NUS. Vanguard Group Inc. lifted its position in Nu Skin Enterprises by 0.9% during the 3rd quarter. Vanguard Group Inc. now owns 6,235,495 shares of the company’s stock worth $132,255,000 after acquiring an additional 53,638 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in shares of Nu Skin Enterprises by 17.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,157,697 shares of the company’s stock worth $22,482,000 after purchasing an additional 173,193 shares during the period. Norges Bank purchased a new stake in Nu Skin Enterprises in the fourth quarter valued at approximately $8,930,000. Federated Hermes Inc. increased its holdings in Nu Skin Enterprises by 29,649.3% in the 4th quarter. Federated Hermes Inc. now owns 330,812 shares of the company’s stock worth $6,424,000 after buying an additional 329,700 shares during the period. Finally, Allianz Asset Management GmbH raised its position in Nu Skin Enterprises by 45.4% during the 4th quarter. Allianz Asset Management GmbH now owns 226,069 shares of the company’s stock worth $4,390,000 after buying an additional 70,578 shares during the last quarter. 82.84% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, DA Davidson lowered their price target on shares of Nu Skin Enterprises from $15.50 to $12.50 and set a “neutral” rating on the stock in a report on Thursday, May 9th. Four equities research analysts have rated the stock with a hold rating, According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $20.83.

Insider Activity

In other Nu Skin Enterprises news, Director Andrew D. Lipman sold 2,000 shares of the stock in a transaction on Tuesday, May 28th. The shares were sold at an average price of $13.33, for a total transaction of $26,660.00. Following the transaction, the director now directly owns 23,225 shares of the company’s stock, valued at $309,589.25. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders have sold 5,693 shares of company stock worth $71,690 in the last quarter. Corporate insiders own 1.70% of the company’s stock.

Nu Skin Enterprises Stock Performance

Shares of NYSE NUS opened at $10.72 on Wednesday. The company has a quick ratio of 1.24, a current ratio of 2.09 and a debt-to-equity ratio of 0.56. The firm’s 50 day simple moving average is $12.28 and its 200-day simple moving average is $13.86. Nu Skin Enterprises, Inc. has a 12 month low of $9.76 and a 12 month high of $30.30.

Nu Skin Enterprises (NYSE:NUS) last released its quarterly earnings results on Wednesday, May 8th. The company reported $0.09 EPS for the quarter, beating the consensus estimate of $0.05 by $0.04. The company had revenue of $417.31 million for the quarter, compared to analyst estimates of $426.55 million. Nu Skin Enterprises had a negative net margin of 0.17% and a positive return on equity of 9.28%. The firm’s revenue was down 13.3% on a year-over-year basis. During the same quarter last year, the business earned $0.37 earnings per share. As a group, sell-side analysts anticipate that Nu Skin Enterprises, Inc. will post 1.1 EPS for the current year.

Nu Skin Enterprises Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 12th. Stockholders of record on Friday, May 31st were paid a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 2.24%. The ex-dividend date was Friday, May 31st. Nu Skin Enterprises’s payout ratio is -399.93%.

About Nu Skin Enterprises

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.