Rice Hall James & Associates LLC Has $1,551,000 Stake in Nautilus Inc. (NLS)
Rice Hall James & Associates LLC cut its position in Nautilus Inc. (NYSE:NLS) by 2.3% during the second quarter, Holdings Channel reports. The firm owned 86,961 shares of the company’s stock after selling 2,092 shares during the period. Rice Hall James & Associates LLC’s holdings in Nautilus were worth $1,551,000 as of its most recent filing with the SEC.
Several other hedge funds have also bought and sold shares of NLS. Orca Investment Management LLC acquired a new stake in Nautilus during the second quarter worth $1,983,000. Hancock Holding Co. purchased a new position in shares of Nautilus during the first quarter valued at approximately $688,000. Kennedy Capital Management Inc. purchased a new position in shares of Nautilus during the first quarter valued at approximately $1,451,000. JPMorgan Chase & Co. increased its position in shares of Nautilus by 2.1% in the first quarter. JPMorgan Chase & Co. now owns 587,200 shares of the company’s stock valued at $11,345,000 after buying an additional 12,100 shares during the last quarter. Finally, Moody Aldrich Partners LLC increased its position in shares of Nautilus by 167.0% in the second quarter. Moody Aldrich Partners LLC now owns 74,435 shares of the company’s stock valued at $1,328,000 after buying an additional 46,555 shares during the last quarter. Hedge funds and other institutional investors own 85.78% of the company’s stock.
Shares of Nautilus Inc. (NYSE:NLS) traded down 2.28% during midday trading on Friday, hitting $21.00. 1,265,880 shares of the stock traded hands. The company has a market cap of $653.23 million, a price-to-earnings ratio of 23.05 and a beta of 2.18. Nautilus Inc. has a 52-week low of $15.50 and a 52-week high of $24.99. The stock has a 50-day moving average of $23.06 and a 200-day moving average of $20.10.
Nautilus (NYSE:NLS) last posted its quarterly earnings results on Monday, August 1st. The company reported $0.12 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.09 by $0.03. The firm had revenue of $78.50 million for the quarter, compared to the consensus estimate of $77.83 million. Nautilus had a net margin of 7.49% and a return on equity of 24.07%. The company’s revenue for the quarter was up 31.5% on a year-over-year basis. During the same period last year, the firm posted $0.07 earnings per share. On average, equities analysts predict that Nautilus Inc. will post $1.14 earnings per share for the current fiscal year.
NLS has been the topic of several analyst reports. Imperial Capital downgraded shares of Nautilus from an “outperform” rating to an “in-line” rating and set a $26.00 price target on the stock. in a report on Monday, September 19th. Wunderlich reiterated a “buy” rating and set a $24.00 price target on shares of Nautilus in a report on Thursday, June 23rd. B. Riley reiterated a “buy” rating and set a $23.00 price target on shares of Nautilus in a report on Wednesday, August 3rd. Zacks Investment Research upgraded shares of Nautilus from a “sell” rating to a “hold” rating in a report on Thursday, August 4th. Finally, DA Davidson reiterated a “buy” rating and set a $28.00 price target on shares of Nautilus in a report on Thursday, September 29th. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $24.86.
In related news, VP Jeffery Lynn Collins sold 4,166 shares of Nautilus stock in a transaction that occurred on Friday, August 19th. The shares were sold at an average price of $21.30, for a total value of $88,735.80. Following the completion of the transaction, the vice president now owns 4,278 shares in the company, valued at $91,121.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Marvin G. Siegert sold 7,000 shares of Nautilus stock in a transaction that occurred on Friday, August 19th. The shares were sold at an average price of $21.28, for a total transaction of $148,960.00. The disclosure for this sale can be found here. 3.40% of the stock is currently owned by insiders.
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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