Northpointe Capital LLC Has $17.35 Million Position in Nautilus Group, Inc. (The) (NLS)
Northpointe Capital LLC reduced its position in shares of Nautilus Group, Inc. (The) (NYSE:NLS) by 13.5% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 905,862 shares of the specialty retailer’s stock after selling 141,727 shares during the period. Nautilus Group, Inc. (The) accounts for about 1.8% of Northpointe Capital LLC’s investment portfolio, making the stock its 2nd largest position. Northpointe Capital LLC’s holdings in Nautilus Group, Inc. (The) were worth $17,347,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Capstone Asset Management Co. purchased a new position in Nautilus Group, Inc. (The) during the first quarter worth approximately $184,000. Skylands Capital LLC purchased a new position in Nautilus Group, Inc. (The) during the first quarter worth approximately $482,000. Thomson Horstmann & Bryant Inc. boosted its position in Nautilus Group, Inc. (The) by 76.7% in the first quarter. Thomson Horstmann & Bryant Inc. now owns 270,327 shares of the specialty retailer’s stock worth $4,933,000 after buying an additional 117,340 shares during the last quarter. Clark Estates Inc. NY purchased a new position in Nautilus Group, Inc. (The) during the first quarter worth approximately $3,011,000. Finally, Nationwide Fund Advisors boosted its position in Nautilus Group, Inc. (The) by 6.2% in the first quarter. Nationwide Fund Advisors now owns 389,172 shares of the specialty retailer’s stock worth $7,102,000 after buying an additional 22,663 shares during the last quarter. Institutional investors own 99.75% of the company’s stock.
Nautilus Group, Inc. (NYSE NLS) opened at 17.40 on Tuesday. The company’s 50-day moving average price is $17.98 and its 200-day moving average price is $17.63. The company has a market cap of $535.68 million, a price-to-earnings ratio of 18.83 and a beta of 2.05. Nautilus Group, Inc. has a 52-week low of $14.27 and a 52-week high of $24.99.
Nautilus Group, Inc. (The) (NYSE:NLS) last posted its earnings results on Monday, July 31st. The specialty retailer reported $0.08 earnings per share for the quarter, missing analysts’ consensus estimates of $0.09 by $0.01. The company had revenue of $77 million for the quarter, compared to analysts’ expectations of $77.71 million. Nautilus Group, Inc. (The) had a return on equity of 17.22% and a net margin of 7.25%. The firm’s quarterly revenue was down 1.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.12 EPS. Equities research analysts expect that Nautilus Group, Inc. will post $1.12 EPS for the current fiscal year.
Nautilus Group, Inc. (The) announced that its board has authorized a share repurchase program on Monday, May 1st that authorizes the company to buyback $15.00 million in shares. This buyback authorization authorizes the specialty retailer to reacquire up to 2.8% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s leadership believes its shares are undervalued.
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NLS has been the subject of a number of research analyst reports. Zacks Investment Research cut Nautilus Group, Inc. (The) from a “hold” rating to a “strong sell” rating in a research note on Wednesday, April 26th. Imperial Capital raised their price objective on Nautilus Group, Inc. (The) from $20.00 to $21.00 and gave the company an “outperform” rating in a research report on Wednesday, May 3rd. Finally, DA Davidson raised Nautilus Group, Inc. (The) from a “neutral” rating to a “buy” rating and raised their price objective for the company from $19.00 to $22.00 in a research report on Wednesday, August 9th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the company’s stock. Nautilus Group, Inc. (The) currently has a consensus rating of “Buy” and a consensus target price of $22.08.
In other Nautilus Group, Inc. (The) news, Director M Carl Johnson III sold 4,550 shares of the company’s stock in a transaction on Friday, May 19th. The stock was sold at an average price of $18.41, for a total transaction of $83,765.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 3.70% of the stock is owned by corporate insiders.
Nautilus Group, Inc. (The) Company Profile
Nautilus, Inc is a consumer fitness products company. The Company operates through two segments: Direct and Retail. Its principal business activities include designing, developing, sourcing and marketing of cardio and strength fitness products and related accessories for consumer use, primarily in the United States and Canada, but also in international markets outside North America.
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