Prescott Group Capital Managem Buys 40,876 Shares of Nature’s Sunshine Products (NASDAQ:NATR) Stock

Nature’s Sunshine Products, Inc. (NASDAQ:NATR) major shareholder Prescott Group Capital Managem acquired 40,876 shares of the stock in a transaction dated Monday, August 10th. The stock was bought at an average cost of $15.84 per share, with a total value of $647,475.84. Following the completion of the purchase, the insider owned 1,924,486 shares of the company’s stock, valued at approximately $30,483,858.24. The trade was a 2.17% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Large shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

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

• On Friday, August 7th, Prescott Group Capital Managem bought 96,000 shares of Nature’s Sunshine Products stock. The shares were bought at an average cost 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 shares were bought at an average price of $16.57 per share, with a total value of $74,780.41.

Nature’s Sunshine Products Trading Up 1.4%

Shares of Nature’s Sunshine Products stock opened at $15.99 on Wednesday. The company has a market capitalization of $281.42 million, a P/E ratio of 15.83 and a beta of 0.88. The stock has a fifty day simple moving average of $20.42 and a 200 day simple moving average of $23.38. Nature’s Sunshine Products, Inc. has a 12-month low of $12.97 and a 12-month high of $28.14.

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

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of NATR. Hillsdale Investment Management Inc. increased its holdings in Nature’s Sunshine Products by 44.4% during the first quarter. Hillsdale Investment Management Inc. now owns 316,867 shares of the company’s stock worth $7,602,000 after buying an additional 97,397 shares during the last quarter. State of Wyoming bought a new stake in Nature’s Sunshine Products in the first quarter worth about $601,000. Sei Investments Co. boosted its stake in Nature’s Sunshine Products by 83.0% in the first quarter. Sei Investments Co. now owns 178,241 shares of the company’s stock valued at $4,276,000 after acquiring an additional 80,848 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its position in shares of Nature’s Sunshine Products by 268.9% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 171,850 shares of the company’s stock valued at $4,123,000 after acquiring an additional 125,264 shares during the period. Finally, North Star Investment Management Corp. grew its position in shares of Nature’s Sunshine Products by 33.5% during the 1st quarter. North Star Investment Management Corp. now owns 99,550 shares of the company’s stock valued at $2,388,000 after acquiring an additional 25,000 shares during the period. Institutional investors own 79.40% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently weighed in on the stock. DA Davidson dropped their price target on shares of Nature’s Sunshine Products from $33.00 to $25.00 and set a “buy” rating on the stock in a research report on Monday. Canaccord Genuity Group reduced their price objective on shares of Nature’s Sunshine Products from $37.00 to $36.00 and set a “buy” rating for the company in a research report on Thursday, July 30th. Weiss Ratings lowered shares of Nature’s Sunshine Products from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, June 9th. Finally, Wall Street Zen cut shares of Nature’s Sunshine Products from a “strong-buy” rating to a “buy” rating in a research report on Saturday. 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, Nature’s Sunshine Products has a consensus rating of “Moderate Buy” and a consensus 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.