Valeo Financial Advisors LLC acquired a new position in shares of Nuvectra Corp (NASDAQ:NVTR) in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 22,415 shares of the company’s stock, valued at approximately $30,000. Valeo Financial Advisors LLC owned approximately 0.13% of Nuvectra at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Renaissance Technologies LLC acquired a new stake in shares of Nuvectra in the second quarter valued at approximately $1,987,000. Morgan Stanley increased its holdings in shares of Nuvectra by 961.3% in the second quarter. Morgan Stanley now owns 641,932 shares of the company’s stock valued at $2,151,000 after purchasing an additional 581,444 shares in the last quarter. Royal Bank of Canada increased its holdings in shares of Nuvectra by 71.5% in the second quarter. Royal Bank of Canada now owns 491,286 shares of the company’s stock valued at $1,646,000 after purchasing an additional 204,777 shares in the last quarter. River & Mercantile Asset Management LLP acquired a new stake in shares of Nuvectra in the second quarter valued at approximately $634,000. Finally, Laurel Wealth Advisors Inc. increased its holdings in shares of Nuvectra by 1,532.3% in the second quarter. Laurel Wealth Advisors Inc. now owns 195,880 shares of the company’s stock valued at $656,000 after purchasing an additional 183,880 shares in the last quarter. 78.10% of the stock is owned by institutional investors.

NVTR traded up $0.30 during trading on Friday, reaching $1.79. 6,499,562 shares of the company’s stock were exchanged, compared to its average volume of 274,066. The company’s fifty day moving average price is $1.57 and its 200-day moving average price is $3.89. The company has a debt-to-equity ratio of 0.58, a quick ratio of 4.42 and a current ratio of 4.86. Nuvectra Corp has a fifty-two week low of $1.24 and a fifty-two week high of $22.13. The firm has a market capitalization of $26.65 million, a PE ratio of -0.56 and a beta of 0.70.

Nuvectra (NASDAQ:NVTR) last released its earnings results on Wednesday, July 31st. The company reported ($0.62) EPS for the quarter, topping analysts’ consensus estimates of ($0.81) by $0.19. Nuvectra had a negative net margin of 99.08% and a negative return on equity of 58.23%. The firm had revenue of $12.35 million during the quarter, compared to analyst estimates of $12.42 million. Research analysts forecast that Nuvectra Corp will post -2.44 earnings per share for the current fiscal year.

NVTR has been the subject of a number of research reports. Zacks Investment Research lowered shares of Nuvectra from a “buy” rating to a “hold” rating in a report on Wednesday. JMP Securities lowered their target price on shares of Nuvectra to $10.00 and set an “outperform” rating for the company in a report on Thursday, August 1st. They noted that the move was a valuation call. Piper Jaffray Companies lowered their target price on shares of Nuvectra from $18.00 to $4.00 and set an “overweight” rating for the company in a report on Thursday, August 1st. Finally, ValuEngine raised shares of Nuvectra from a “hold” rating to a “buy” rating in a report on Thursday, October 10th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $8.75.

Nuvectra Company Profile

Nuvectra Corporation, a neurostimulation medical device company, develops and commercializes neurostimulation technology platform for the treatment of various disorders in neuroscience and clinical markets. The company offers Algovita, a spinal cord stimulation system for the treatment of chronic intractable pain of the trunk and limbs.

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Institutional Ownership by Quarter for Nuvectra (NASDAQ:NVTR)

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