A.R.T. Advisors LLC Purchases New Position in Nautilus, Inc. (NLS)

A.R.T. Advisors LLC purchased a new position in shares of Nautilus, Inc. (NYSE:NLS) during the 1st quarter, HoldingsChannel.com reports. The institutional investor purchased 43,831 shares of the specialty retailer’s stock, valued at approximately $589,000.

Other institutional investors have also modified their holdings of the company. Engine Capital Management LLC purchased a new position in shares of Nautilus during the 4th quarter worth $134,000. Teacher Retirement System of Texas purchased a new position in shares of Nautilus during the 4th quarter worth $142,000. Virtu Financial LLC purchased a new position in shares of Nautilus during the 4th quarter worth $179,000. Jefferies Group LLC purchased a new position in shares of Nautilus during the 4th quarter worth $183,000. Finally, MetLife Investment Advisors LLC purchased a new position in shares of Nautilus during the 4th quarter worth $218,000. Institutional investors and hedge funds own 87.22% of the company’s stock.

In other news, Director M Carl Johnson III sold 3,300 shares of the business’s stock in a transaction dated Wednesday, May 30th. The shares were sold at an average price of $15.38, for a total value of $50,754.00. Following the sale, the director now directly owns 50,620 shares in the company, valued at approximately $778,535.60. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Bruce M. Cazenave sold 10,700 shares of the business’s stock in a transaction dated Thursday, May 10th. The stock was sold at an average price of $16.51, for a total transaction of $176,657.00. Following the completion of the sale, the chief executive officer now owns 389,044 shares in the company, valued at $6,423,116.44. The disclosure for this sale can be found here. Over the last quarter, insiders sold 38,308 shares of company stock worth $603,360. 3.70% of the stock is currently owned by insiders.

Shares of Nautilus opened at $15.70 on Friday, according to MarketBeat Ratings. 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 firm has a market capitalization of $485.11 million, a price-to-earnings ratio of 17.84 and a beta of 1.33. Nautilus, Inc. has a 52-week low of $11.30 and a 52-week high of $19.25.

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

Nautilus announced that its board has authorized a share repurchase program on Monday, March 5th that allows the company to repurchase $15.00 million in outstanding shares. This repurchase authorization allows the specialty retailer to repurchase shares of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s leadership believes its stock is undervalued.

Several analysts have recently commented on the stock. Zacks Investment Research upgraded shares of Nautilus from a “hold” rating to a “buy” rating and set a $17.00 price objective on the stock in a research report on Wednesday, May 9th. ValuEngine upgraded shares of Nautilus from a “sell” rating to a “hold” rating in a research report on Monday, June 18th. Berenberg Bank assumed coverage on shares of Nautilus in a research report on Wednesday, June 20th. They set a “sell” rating and a $13.00 price objective on the stock. B. Riley raised their price objective on shares of Nautilus from $16.75 to $18.00 and gave the company a “neutral” rating in a research report on Tuesday, May 8th. Finally, DA Davidson restated a “buy” rating on shares of Nautilus in a research report on Tuesday, May 8th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $17.22.

Nautilus Company 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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