Nature’s Sunshine Products (NASDAQ:NATR) Stock: Insider Prescott Group Capital Managem Acquires 291,666 Shares

Nature’s Sunshine Products, Inc. (NASDAQ:NATR) major shareholder Prescott Group Capital Managem purchased 291,666 shares of the business’s stock in a transaction on Thursday, November 5th. The shares were acquired at an average cost of $9.77 per share, for a total transaction of $2,849,576.82. Following the completion of the transaction, the insider directly owned 2,236,152 shares in the company, valued at approximately $21,847,205.04. This represents a 15.00% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Large shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Prescott Group Capital Managem also recently made the following trade(s):

• On Monday, August 17th, Prescott Group Capital Managem acquired 20,000 shares of Nature’s Sunshine Products stock. The shares were acquired at an average price of $14.69 per share, with a total value of $293,800.00.

Nature’s Sunshine Products Price Performance

Nature’s Sunshine Products stock opened at $10.93 on Wednesday. The company has a market cap of $189.41 million, a price-to-earnings ratio of 13.33 and a beta of 0.80. The firm has a 50-day moving average of $12.69 and a 200-day moving average of $20.09. Nature’s Sunshine Products, Inc. has a one year low of $9.38 and a one year high of $28.14.

Nature’s Sunshine Products (NASDAQ:NATR) last released its earnings results on Wednesday, November 4th. The company reported $0.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.11). Nature’s Sunshine Products had a net margin of 3.05% and a return on equity of 10.42%. The company had revenue of $116.60 million during the quarter, compared to analyst estimates of $129.51 million.

Institutional Investors Weigh In On Nature’s Sunshine Products

Several hedge funds have recently bought and sold shares of the company. Prescott Group Capital Management L.L.C. grew its holdings in Nature’s Sunshine Products by 9.1% during the third quarter. Prescott Group Capital Management L.L.C. now owns 1,944,486 shares of the company’s stock worth $24,676,000 after purchasing an additional 161,389 shares during the period. BlackRock Inc. bought a new stake in Nature’s Sunshine Products in the second quarter valued at approximately $21,561,000. Renaissance Technologies LLC lifted its position in shares of Nature’s Sunshine Products by 1.5% in the first quarter. Renaissance Technologies LLC now owns 531,924 shares of the company’s stock valued at $12,761,000 after buying an additional 7,827 shares during the last quarter. Hillsdale Investment Management Inc. lifted its position in shares of Nature’s Sunshine Products by 44.4% in the first quarter. Hillsdale Investment Management Inc. now owns 316,867 shares of the company’s stock valued at $7,602,000 after buying an additional 97,397 shares during the last quarter. Finally, Punch & Associates Investment Management Inc. acquired a new stake in shares of Nature’s Sunshine Products in the second quarter valued at approximately $7,412,000. 79.40% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have weighed in on NATR shares. Wall Street Zen lowered Nature’s Sunshine Products from a “buy” rating to a “hold” rating in a research report on Sunday, August 16th. Canaccord Genuity Group cut their price objective on Nature’s Sunshine Products from $36.00 to $25.00 and set a “buy” rating for the company in a report on Friday, October 30th. Weiss Ratings cut shares of Nature’s Sunshine Products from a “hold (c)” rating to a “hold (c-)” rating in a research note on Tuesday, October 27th. Finally, DA Davidson lowered their target price on shares of Nature’s Sunshine Products from $33.00 to $25.00 and set a “buy” rating on the stock in a report on Monday, August 10th. Two research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $25.00.

Nature’s Sunshine Products Company Profile

Nature’s Sunshine Products, Inc. develops and sells natural health and wellness products through direct selling, e-commerce and other distribution channels. Its product portfolio includes dietary supplements, herbal supplements, vitamins, minerals, essential oils, sports nutrition products and personal-care items. The company markets products primarily under the Nature’s Sunshine and Synergy WorldWide brands. Nature’s Sunshine focuses on nutritional and herbal wellness products, while Synergy offers supplements and performance-oriented nutrition products.