24,321 Shares in NutriSystem Inc. (NTRI) Acquired by U S Global Investors Inc
U S Global Investors Inc acquired a new stake in shares of NutriSystem Inc. (NASDAQ:NTRI) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 24,321 shares of the company’s stock, valued at approximately $901,000. U S Global Investors Inc owned approximately 0.08% of NutriSystem as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. US Bancorp DE boosted its position in shares of NutriSystem by 64.7% during the second quarter. US Bancorp DE now owns 3,726 shares of the company’s stock valued at $143,000 after buying an additional 1,464 shares during the last quarter. Itau Unibanco Holding S.A. purchased a new position in shares of NutriSystem during the second quarter valued at approximately $180,000. Janus Henderson Group PLC purchased a new position in shares of NutriSystem during the second quarter valued at approximately $207,000. Sigma Planning Corp purchased a new position in shares of NutriSystem during the second quarter valued at approximately $215,000. Finally, Teacher Retirement System of Texas purchased a new position in shares of NutriSystem during the second quarter valued at approximately $236,000.
NTRI stock opened at $35.98 on Wednesday. NutriSystem Inc. has a 1-year low of $26.06 and a 1-year high of $55.10. The firm has a market capitalization of $1.09 billion, a price-to-earnings ratio of 18.36, a price-to-earnings-growth ratio of 1.39 and a beta of 1.04.
NutriSystem declared that its board has authorized a stock buyback program on Tuesday, October 30th that allows the company to repurchase $75.00 million in outstanding shares. This repurchase authorization allows the company to buy up to 7.7% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company’s management believes its shares are undervalued.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, November 19th. Shareholders of record on Friday, November 9th were given a $0.25 dividend. The ex-dividend date of this dividend was Thursday, November 8th. This represents a $1.00 annualized dividend and a yield of 2.78%. NutriSystem’s dividend payout ratio is currently 51.02%.
Several brokerages recently issued reports on NTRI. Zacks Investment Research raised NutriSystem from a “sell” rating to a “hold” rating in a research report on Tuesday, November 6th. Barrington Research raised NutriSystem from a “market perform” rating to an “outperform” rating and set a $44.00 target price on the stock in a research report on Thursday, November 1st. DA Davidson raised NutriSystem from an “underperform” rating to a “neutral” rating and lifted their target price for the company from $28.00 to $36.00 in a research report on Thursday, November 1st. ValuEngine raised NutriSystem from a “strong sell” rating to a “sell” rating in a research report on Thursday, November 1st. Finally, BidaskClub raised NutriSystem from a “sell” rating to a “hold” rating in a research report on Saturday, October 13th. One analyst has rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $45.57.
Nutrisystem, Inc, together with its subsidiaries, provides weight management products and services for women and men in the United States. The company offers weight loss programs that consist primarily of a pre-packaged food program, digital tools, and counseling. It also provides Nutrisystem Lean13 program, which provides weight loss, and support and counseling services; the South Beach Diet, a weight-loss program; and Nutrisystem 5-day kit, a D' kit that offers individuals with or at risk of type 2 diabetes.
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