6 Meridian Acquires New Stake in Nautilus, Inc. (NLS)

6 Meridian acquired a new stake in shares of Nautilus, Inc. (NYSE:NLS) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 53,437 shares of the specialty retailer’s stock, valued at approximately $719,000. 6 Meridian owned about 0.17% of Nautilus at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in NLS. Schwab Charles Investment Management Inc. boosted its position in shares of Nautilus by 15.6% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 151,831 shares of the specialty retailer’s stock valued at $2,027,000 after buying an additional 20,517 shares during the last quarter. Kirr Marbach & Co. LLC IN boosted its position in Nautilus by 22.0% in the fourth quarter. Kirr Marbach & Co. LLC IN now owns 30,950 shares of the specialty retailer’s stock worth $413,000 after purchasing an additional 5,585 shares during the last quarter. Rice Hall James & Associates LLC purchased a new position in Nautilus in the fourth quarter worth about $1,461,000. Northpointe Capital LLC boosted its position in Nautilus by 16.4% in the fourth quarter. Northpointe Capital LLC now owns 1,182,726 shares of the specialty retailer’s stock worth $15,789,000 after purchasing an additional 167,065 shares during the last quarter. Finally, Fisher Asset Management LLC boosted its position in Nautilus by 16.0% in the fourth quarter. Fisher Asset Management LLC now owns 132,742 shares of the specialty retailer’s stock worth $1,772,000 after purchasing an additional 18,340 shares during the last quarter. 88.74% of the stock is currently owned by institutional investors.

In other news, VP Jeffery Lynn Collins sold 2,335 shares of Nautilus stock in a transaction dated Thursday, March 8th. The stock was sold at an average price of $13.00, for a total transaction of $30,355.00. Following the transaction, the vice president now directly owns 3,432 shares of the company’s stock, valued at approximately $44,616. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Bruce M. Cazenave sold 10,700 shares of Nautilus stock in a transaction dated Tuesday, April 24th. The shares were sold at an average price of $14.74, for a total value of $157,718.00. Following the transaction, the chief executive officer now directly owns 381,396 shares in the company, valued at $5,621,777.04. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 31,252 shares of company stock worth $469,875. Insiders own 3.70% of the company’s stock.

Nautilus opened at $15.85 on Monday, MarketBeat Ratings reports. Nautilus, Inc. has a twelve month low of $11.30 and a twelve month high of $19.25. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.76 and a current ratio of 2.27. The stock has a market cap of $482.08 million, a PE ratio of 18.01 and a beta of 1.36.

Nautilus (NYSE:NLS) last posted its quarterly earnings data on Monday, May 7th. The specialty retailer reported $0.26 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.21 by $0.05. Nautilus had a return on equity of 15.45% and a net margin of 6.68%. The firm had revenue of $114.80 million for the quarter, compared to analysts’ expectations of $111.77 million. During the same period in the previous year, the firm earned $0.26 EPS. The business’s quarterly revenue was up 1.3% on a year-over-year basis. equities analysts forecast that Nautilus, Inc. will post 1.05 earnings per share for the current fiscal year.

Nautilus declared that its board has authorized a share buyback plan on Monday, March 5th that authorizes the company to buyback $15.00 million in outstanding shares. This buyback authorization authorizes the specialty retailer to purchase shares of its stock through open market purchases. Shares buyback plans are generally an indication that the company’s leadership believes its shares are undervalued.

Several brokerages have issued reports on NLS. Craig Hallum began coverage on Nautilus in a research report on Monday, April 23rd. They issued a “buy” rating and a $19.00 target price on the stock. Imperial Capital raised their target price on Nautilus from $12.00 to $15.00 and gave the stock an “outperform” rating in a research report on Tuesday, May 15th. Zacks Investment Research raised Nautilus from a “hold” rating to a “buy” rating and set a $17.00 target price on the stock in a research report on Wednesday, May 9th. B. Riley raised their target price on Nautilus from $16.75 to $18.00 and gave the stock a “neutral” rating in a research report on Tuesday, May 8th. Finally, Lake Street Capital reissued a “hold” rating and issued a $14.00 target price (down from $15.00) on shares of Nautilus in a research report on Tuesday, March 6th. Four equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $17.75.

Nautilus Profile

Nautilus, Inc, a consumer fitness products company, designs, develops, sources, and markets cardio and strength fitness products, and related accessories for consumer use in the United States, Canada, and internationally. The company operates in two segments, Direct and Retail. It offers specialized cardio products, treadmills, elliptical machine, bike products, strength products, home gyms, dumbbells, kettlebell weights, and weight benches primarily under the Nautilus, Bowflex, Octane Fitness, Schwinn, and Universal brands.

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Institutional Ownership by Quarter for Nautilus (NYSE:NLS)

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