Nature’s Sunshine Products (NASDAQ:NATR) Major Shareholder Buys $293,800.00 in Stock

Nature’s Sunshine Products, Inc. (NASDAQ:NATR) major shareholder Prescott Group Capital Managem purchased 20,000 shares of the stock in a transaction that occurred on Monday, August 17th. The shares were purchased at an average price of $14.69 per share, with a total value of $293,800.00. Following the completion of the acquisition, the insider directly owned 1,944,486 shares in the company, valued at $28,564,499.34. The trade was a 1.04% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Major shareholders that own more than 10% of a company’s shares 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 10th, Prescott Group Capital Managem bought 40,876 shares of Nature’s Sunshine Products stock. The stock was acquired at an average cost of $15.84 per share, for a total transaction of $647,475.84.
• On Friday, August 7th, Prescott Group Capital Managem acquired 96,000 shares of Nature’s Sunshine Products stock. The stock was acquired at an average price of $16.63 per share, for a total transaction of $1,596,480.00.
• On Thursday, August 6th, Prescott Group Capital Managem purchased 4,513 shares of Nature’s Sunshine Products stock. The stock was bought at an average price of $16.57 per share, for a total transaction of $74,780.41.

Nature’s Sunshine Products Price Performance

Shares of NASDAQ NATR opened at $14.34 on Friday. Nature’s Sunshine Products, Inc. has a 1 year low of $12.97 and a 1 year high of $28.14. The company’s 50-day moving average is $19.58 and its 200 day moving average is $22.84. The stock has a market capitalization of $252.38 million, a P/E ratio of 14.20 and a beta of 0.88.

Nature’s Sunshine Products (NASDAQ:NATR) last issued its quarterly earnings results on Thursday, August 6th. The company reported $0.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.27 by ($0.06). Nature’s Sunshine Products had a return on equity of 12.88% and a net margin of 3.68%.The business had revenue of $116.99 million during the quarter, compared to the consensus estimate of $123.70 million.

Hedge Funds Weigh In On Nature’s Sunshine Products

Large investors have recently made changes to their positions in the business. Legal & General Group Plc purchased a new stake in shares of Nature’s Sunshine Products during the second quarter worth about $30,000. State of Alaska Department of Revenue bought a new stake in Nature’s Sunshine Products during the 4th quarter valued at approximately $31,000. New York State Teachers Retirement System purchased a new position in Nature’s Sunshine Products in the 1st quarter worth approximately $37,000. Raymond James Financial Inc. purchased a new position in Nature’s Sunshine Products in the 2nd quarter worth approximately $37,000. Finally, Clearstead Advisors LLC lifted its holdings in Nature’s Sunshine Products by 16,025.0% in the 4th quarter. Clearstead Advisors LLC now owns 1,935 shares of the company’s stock worth $42,000 after purchasing an additional 1,923 shares in the last quarter. 79.40% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the stock. Canaccord Genuity Group lowered their price target on Nature’s Sunshine Products from $37.00 to $36.00 and set a “buy” rating on the stock in a report on Thursday, July 30th. Weiss Ratings lowered Nature’s Sunshine Products from a “hold (c+)” rating to a “hold (c)” rating in a report on Tuesday. Wall Street Zen cut Nature’s Sunshine Products from a “buy” rating to a “hold” rating in a research report on Sunday, August 16th. Finally, DA Davidson reduced their price objective on Nature’s Sunshine Products from $33.00 to $25.00 and set a “buy” rating for the company in a research 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 company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $30.50.

Nature’s Sunshine Products Company Profile

Nature’s Sunshine Products, Inc is a global manufacturer and direct seller of nutritional supplements, herbal remedies, and personal care products. The company’s core business centers on research, development and distribution of vitamins, minerals, botanicals and essential oil-based formulations designed to support overall health and wellness. Operating under a network-marketing model, Nature’s Sunshine works through a network of independent distributors who promote and sell its product line directly to consumers.

The company’s product portfolio spans dietary supplements such as single-ingredient vitamins, proprietary herbal blends, sports nutrition formulas and weight-management solutions, along with skin and hair care items based on botanical extracts and essential oils.