Engine Capital Management LLC bought a new position in shares of Nautilus, Inc. (NYSE:NLS) during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor bought 10,000 shares of the specialty retailer’s stock, valued at approximately $134,000. Nautilus accounts for about 0.1% of Engine Capital Management LLC’s holdings, making the stock its 29th largest position.
A number of other institutional investors and hedge funds have also made changes to their positions in NLS. SG Americas Securities LLC purchased a new stake in Nautilus during the 3rd quarter worth approximately $134,000. Teacher Retirement System of Texas purchased a new stake in Nautilus during the 4th quarter worth approximately $142,000. Jane Street Group LLC purchased a new stake in Nautilus during the 3rd quarter worth approximately $173,000. Virtu Financial LLC purchased a new stake in Nautilus during the 4th quarter worth approximately $179,000. Finally, Jefferies Group LLC purchased a new stake in Nautilus during the 4th quarter worth approximately $183,000. 88.95% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Nautilus, Inc. (NYSE:NLS) opened at $13.15 on Tuesday. Nautilus, Inc. has a 52-week low of $11.30 and a 52-week high of $19.80. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.94 and a quick ratio of 1.39. The company has a market cap of $386.91, a P/E ratio of 15.47, a price-to-earnings-growth ratio of 1.25 and a beta of 1.61.
Nautilus declared that its board has approved a share buyback plan on Monday, March 5th that authorizes the company to repurchase $15.00 million in outstanding shares. This repurchase authorization authorizes the specialty retailer to purchase shares of its stock through open market purchases. Shares repurchase plans are generally a sign that the company’s board of directors believes its stock is undervalued.
NLS has been the topic of several recent research reports. Zacks Investment Research raised shares of Nautilus from a “sell” rating to a “hold” rating in a research note on Tuesday, January 9th. B. Riley reaffirmed a “buy” rating and set a $19.75 target price on shares of Nautilus in a research note on Friday, November 17th. ValuEngine downgraded shares of Nautilus from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. Imperial Capital reaffirmed an “in-line” rating and set a $12.00 target price (down from $14.00) on shares of Nautilus in a research note on Wednesday, March 7th. Finally, Lake Street Capital reaffirmed a “hold” rating and set a $14.00 target price (down from $15.00) on shares of Nautilus in a research note on Tuesday, March 6th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $16.68.
In other Nautilus news, CEO Bruce M. Cazenave sold 10,700 shares of the stock in a transaction that occurred on Friday, February 9th. The shares were sold at an average price of $11.99, for a total value of $128,293.00. Following the sale, the chief executive officer now directly owns 372,876 shares of the company’s stock, valued at approximately $4,470,783.24. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, VP Jeffery Lynn Collins sold 2,335 shares of the stock in a transaction that occurred on Thursday, March 8th. The shares were sold at an average price of $13.00, for a total transaction of $30,355.00. Following the completion of the sale, the vice president now directly owns 3,432 shares in the company, valued at $44,616. The disclosure for this sale can be found here. Over the last three months, insiders sold 34,435 shares of company stock worth $440,700. Insiders own 3.70% of the company’s stock.
Nautilus 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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