Prescott Group Capital Managem Buys 4,513 Shares of Nature’s Sunshine Products (NASDAQ:NATR) Stock

Nature’s Sunshine Products, Inc. (NASDAQ:NATR) major shareholder Prescott Group Capital Managem purchased 4,513 shares of the company’s stock in a transaction that occurred on Thursday, August 6th. The shares were purchased at an average cost of $16.57 per share, with a total value of $74,780.41. Following the completion of the purchase, the insider owned 1,787,610 shares of the company’s stock, valued at $29,620,697.70. The trade was a 0.25% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Large shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Prescott Group Capital Managem also recently made the following trade(s):

• On Monday, August 10th, Prescott Group Capital Managem acquired 40,876 shares of Nature’s Sunshine Products stock. The stock was purchased at an average cost of $15.84 per share, for a total transaction of $647,475.84.
• On Friday, August 7th, Prescott Group Capital Managem acquired 96,000 shares of Nature’s Sunshine Products stock. The stock was purchased at an average cost of $16.63 per share, for a total transaction of $1,596,480.00.

Nature’s Sunshine Products Price Performance

Shares of NATR opened at $15.99 on Wednesday. The stock has a market capitalization of $281.42 million, a price-to-earnings ratio of 15.83 and a beta of 0.88. Nature’s Sunshine Products, Inc. has a 1 year low of $12.97 and a 1 year high of $28.14. The business’s 50 day simple moving average is $20.42 and its 200-day simple moving average is $23.38.

Nature’s Sunshine Products (NASDAQ:NATR) last posted its earnings results on Thursday, August 6th. The company reported $0.21 earnings per share for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.06). Nature’s Sunshine Products had a net margin of 3.68% and a return on equity of 12.88%. The business had revenue of $116.99 million during the quarter, compared to analysts’ expectations of $123.70 million.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of NATR. BlackRock Inc. bought a new position in Nature’s Sunshine Products during the second quarter valued at $21,561,000. Deutsche Bank AG purchased a new stake in shares of Nature’s Sunshine Products in the second quarter valued at $317,000. Bank of New York Mellon Corp bought a new stake in shares of Nature’s Sunshine Products in the 2nd quarter worth about $1,024,000. State of Wyoming bought a new stake in shares of Nature’s Sunshine Products in the 2nd quarter worth about $249,000. Finally, McIlrath & Eck LLC purchased a new position in shares of Nature’s Sunshine Products during the 1st quarter worth about $48,000. 79.40% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on NATR. Weiss Ratings downgraded shares of Nature’s Sunshine Products from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, June 9th. Canaccord Genuity Group lowered their price target on shares of Nature’s Sunshine Products from $37.00 to $36.00 and set a “buy” rating for the company in a report on Thursday, July 30th. Wall Street Zen lowered Nature’s Sunshine Products from a “strong-buy” rating to a “buy” rating in a research report on Saturday. Finally, DA Davidson reduced their price objective on Nature’s Sunshine Products from $33.00 to $25.00 and set a “buy” rating on the stock in a research note on Monday. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Nature’s Sunshine Products presently has an average rating of “Moderate Buy” and an average target price of $30.50.

About Nature’s Sunshine Products

Nature’s Sunshine Products, Inc is a global manufacturer and direct seller of nutritional supplements, herbal remedies, and personal care products. The company’s core business centers on research, development and distribution of vitamins, minerals, botanicals and essential oil-based formulations designed to support overall health and wellness. Operating under a network-marketing model, Nature’s Sunshine works through a network of independent distributors who promote and sell its product line directly to consumers.

The company’s product portfolio spans dietary supplements such as single-ingredient vitamins, proprietary herbal blends, sports nutrition formulas and weight-management solutions, along with skin and hair care items based on botanical extracts and essential oils.