Nature’s Sunshine Products (NASDAQ:NATR) Major Shareholder Buys $647,475.84 in Stock

Nature’s Sunshine Products, Inc. (NASDAQ:NATR) major shareholder Prescott Group Capital Managem acquired 40,876 shares of the company’s stock in a transaction that occurred on Monday, August 10th. The shares were acquired at an average cost of $15.84 per share, for a total transaction of $647,475.84. Following the acquisition, the insider directly owned 1,924,486 shares of the company’s stock, valued at $30,483,858.24. This trade represents a 2.17% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Major shareholders that own at least 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 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, with a total value of $1,596,480.00.
• On Thursday, August 6th, Prescott Group Capital Managem bought 4,513 shares of Nature’s Sunshine Products stock. The stock was acquired at an average cost of $16.57 per share, with a total value of $74,780.41.

Nature’s Sunshine Products Stock Performance

Shares of NASDAQ NATR opened at $15.51 on Thursday. The firm has a market capitalization of $272.98 million, a P/E ratio of 15.36 and a beta of 0.88. Nature’s Sunshine Products, Inc. has a one year low of $12.97 and a one year high of $28.14. The company’s fifty day moving average is $20.33 and its two-hundred day moving average is $23.32.

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

Analyst Ratings Changes

A number of equities research analysts recently weighed in on NATR shares. 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 downgraded Nature’s Sunshine Products from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, June 9th. Wall Street Zen cut Nature’s Sunshine Products from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 8th. Finally, DA Davidson dropped their price target 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. Two research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $30.50.

Hedge Funds Weigh In On Nature’s Sunshine Products

A number of institutional investors have recently made changes to their positions in NATR. State of Alaska Department of Revenue acquired a new stake in shares of Nature’s Sunshine Products during the fourth quarter valued at $31,000. New York State Teachers Retirement System acquired a new position in Nature’s Sunshine Products in the 1st quarter valued at about $37,000. Raymond James Financial Inc. purchased a new position in Nature’s Sunshine Products in the 2nd quarter valued at about $37,000. 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 valued at $42,000 after purchasing an additional 1,923 shares in the last quarter. Finally, McIlrath & Eck LLC acquired a new stake in shares of Nature’s Sunshine Products during the 1st quarter worth about $48,000. 79.40% of the stock is owned by institutional investors and hedge funds.

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.