Orca Investment Management LLC Invests $1,983,000 in Nautilus Inc. (NLS)
Orca Investment Management LLC bought a new stake in Nautilus Inc. (NYSE:NLS) during the second quarter, Holdings Channel reports. The fund bought 111,152 shares of the company’s stock, valued at approximately $1,983,000. Nautilus comprises 1.9% of Orca Investment Management LLC’s portfolio, making the stock its 22nd largest position. Orca Investment Management LLC owned approximately 0.36% of Nautilus as of its most recent SEC filing.
A number of other institutional investors have also bought and sold shares of the company. BlackRock Group LTD boosted its position in Nautilus by 52.9% in the first quarter. BlackRock Group LTD now owns 10,916 shares of the company’s stock valued at $210,000 after buying an additional 3,778 shares during the last quarter. Adams Diversified Equity Fund Inc. purchased a new position in Nautilus during the second quarter worth about $435,000. Royal Bank of Canada boosted its position in Nautilus by 51.3% in the first quarter. Royal Bank of Canada now owns 25,750 shares of the company’s stock worth $498,000 after buying an additional 8,726 shares during the last quarter. Moody Aldrich Partners LLC purchased a new position in Nautilus during the first quarter worth about $539,000. Finally, Virginia Retirement System purchased a new position in Nautilus during the first quarter worth about $551,000. Institutional investors and hedge funds own 85.96% of the company’s stock.
Shares of Nautilus Inc. (NYSE:NLS) traded down 1.71% during midday trading on Tuesday, reaching $23.57. The company had a trading volume of 255,059 shares. The firm has a market capitalization of $733.17 million, a price-to-earnings ratio of 25.87 and a beta of 1.99. Nautilus Inc. has a 52 week low of $13.82 and a 52 week high of $24.99. The stock has a 50-day moving average of $22.47 and a 200 day moving average of $19.70.
Nautilus (NYSE:NLS) last announced its earnings results on Monday, August 1st. The company reported $0.12 EPS for the quarter, topping the Zacks’ consensus estimate of $0.09 by $0.03. Nautilus had a return on equity of 24.07% and a net margin of 7.49%. The company had revenue of $78.50 million for the quarter, compared to analysts’ expectations of $77.83 million. During the same period last year, the firm earned $0.07 EPS. Nautilus’s revenue for the quarter was up 31.5% compared to the same quarter last year. On average, analysts anticipate that Nautilus Inc. will post $1.15 earnings per share for the current year.
NLS has been the subject of a number of research reports. Wunderlich reiterated a “buy” rating and issued a $24.00 price objective on shares of Nautilus in a report on Thursday, June 23rd. Imperial Capital initiated coverage on Nautilus in a report on Wednesday, July 6th. They issued an “outperform” rating and a $24.00 price objective for the company. Zacks Investment Research upgraded Nautilus from a “sell” rating to a “hold” rating in a report on Thursday, August 4th. Finally, B. Riley reiterated a “buy” rating and issued a $23.00 price objective on shares of Nautilus in a report on Wednesday, August 3rd. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $24.00.
In other Nautilus news, Director Richard A. Horn sold 7,500 shares of the firm’s stock in a transaction dated Monday, August 15th. The stock was sold at an average price of $21.50, for a total transaction of $161,250.00. Following the sale, the director now directly owns 35,802 shares of the company’s stock, valued at $769,743. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, VP Jeffery Lynn Collins sold 4,166 shares of the firm’s stock in a transaction dated Friday, August 19th. The shares were sold at an average price of $21.30, for a total value of $88,735.80. Following the sale, the vice president now directly owns 4,278 shares in the company, valued at $91,121.40. The disclosure for this sale can be found here. Company insiders own 3.40% of the company’s stock.
Nautilus, Inc is a consumer fitness products company. The Company operates through two segments: Direct and Retail. The Direct segment offers products directly to consumers through television advertising, catalogs and the Internet. The Retail segment offers its products through a network of independent retail companies with stores and Websites located in the United States and internationally.
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