Kennedy Capital Management Inc. cut its holdings in shares of Nautilus, Inc. (NYSE:NLS) by 72.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 245,135 shares of the specialty retailer’s stock after selling 656,858 shares during the quarter. Kennedy Capital Management Inc. owned about 0.80% of Nautilus worth $3,273,000 as of its most recent SEC filing.
Other hedge funds have also modified their holdings of the company. Cooke & Bieler LP raised its stake in shares of Nautilus by 43.4% in the fourth quarter. Cooke & Bieler LP now owns 1,781,670 shares of the specialty retailer’s stock valued at $23,785,000 after purchasing an additional 539,291 shares in the last quarter. Alambic Investment Management L.P. acquired a new position in shares of Nautilus in the fourth quarter valued at $4,192,000. Skylands Capital LLC raised its stake in shares of Nautilus by 227.2% in the fourth quarter. Skylands Capital LLC now owns 376,297 shares of the specialty retailer’s stock valued at $5,024,000 after purchasing an additional 261,297 shares in the last quarter. LSV Asset Management raised its stake in shares of Nautilus by 208.5% in the fourth quarter. LSV Asset Management now owns 331,023 shares of the specialty retailer’s stock valued at $4,419,000 after purchasing an additional 223,723 shares in the last quarter. Finally, Royce & Associates LP raised its stake in shares of Nautilus by 11.3% in the third quarter. Royce & Associates LP now owns 1,958,049 shares of the specialty retailer’s stock valued at $33,091,000 after purchasing an additional 199,000 shares in the last quarter. Institutional investors own 88.95% of the company’s stock.
Shares of Nautilus, Inc. (NLS) opened at $13.00 on Wednesday. Nautilus, Inc. has a 1 year low of $11.30 and a 1 year high of $19.80. The firm has a market capitalization of $403.80, a price-to-earnings ratio of 14.94, a price-to-earnings-growth ratio of 1.31 and a beta of 1.61. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.94 and a quick ratio of 1.39.
Nautilus announced that its Board of Directors has approved a stock repurchase program on Monday, March 5th that allows the company to buyback $15.00 million in outstanding shares. This buyback authorization allows the specialty retailer to buy shares of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s board believes its shares are undervalued.
A number of research analysts recently commented on NLS shares. Zacks Investment Research upgraded Nautilus from a “hold” rating to a “buy” rating and set a $15.00 target price for the company in a research note on Tuesday, January 16th. Imperial Capital restated an “in-line” rating and issued a $12.00 target price (down from $14.00) on shares of Nautilus in a research note on Wednesday, March 7th. B. Riley restated a “buy” rating and issued a $19.75 target price on shares of Nautilus in a research note on Friday, November 17th. ValuEngine lowered Nautilus from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. Finally, Lake Street Capital restated a “hold” rating and issued a $14.00 target price (down from $15.00) on shares of Nautilus in a research note on Tuesday, March 6th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the stock. Nautilus presently has an average rating of “Hold” and an average target price of $16.68.
In other news, CEO Bruce M. Cazenave sold 10,700 shares of the stock in a transaction on Thursday, January 11th. The stock was sold at an average price of $12.65, for a total transaction of $135,355.00. Following the sale, the chief executive officer now owns 372,876 shares in the company, valued at $4,716,881.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Jeffery Lynn Collins sold 2,335 shares of the stock in a transaction on Thursday, March 8th. The stock was sold at an average price of $13.00, for a total value of $30,355.00. Following the sale, the vice president now owns 3,432 shares in the company, valued at approximately $44,616. The disclosure for this sale can be found here. Insiders sold 34,435 shares of company stock worth $440,700 over the last quarter. Company insiders own 3.70% of the company’s stock.
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Nautilus Company Profile
Nautilus, Inc is a consumer fitness products company. The Company operates through two segments: Direct and Retail. Its principal business activities include designing, developing, sourcing and marketing of cardio and strength fitness products and related accessories for consumer use, primarily in the United States and Canada, but also in international markets outside North America.
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