HL Financial Services LLC Increases Position in Nautilus Group, Inc. (The) (NYSE:NLS)

HL Financial Services LLC increased its stake in shares of Nautilus Group, Inc. (The) (NYSE:NLS) by 7.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 114,471 shares of the specialty retailer’s stock after buying an additional 8,209 shares during the period. HL Financial Services LLC’s holdings in Nautilus Group, Inc. (The) were worth $2,192,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Municipal Employees Retirement System of Michigan raised its position in Nautilus Group, Inc. (The) by 2.4% in the second quarter. Municipal Employees Retirement System of Michigan now owns 7,260 shares of the specialty retailer’s stock valued at $139,000 after buying an additional 170 shares in the last quarter. Texas Permanent School Fund raised its position in Nautilus Group, Inc. (The) by 0.9% in the second quarter. Texas Permanent School Fund now owns 22,423 shares of the specialty retailer’s stock valued at $429,000 after buying an additional 195 shares in the last quarter. Mason Street Advisors LLC raised its position in Nautilus Group, Inc. (The) by 5.5% in the first quarter. Mason Street Advisors LLC now owns 7,179 shares of the specialty retailer’s stock valued at $131,000 after buying an additional 377 shares in the last quarter. Legal & General Group Plc raised its position in Nautilus Group, Inc. (The) by 1.3% in the first quarter. Legal & General Group Plc now owns 51,740 shares of the specialty retailer’s stock valued at $943,000 after buying an additional 645 shares in the last quarter. Finally, Comerica Bank raised its position in Nautilus Group, Inc. (The) by 3.0% in the first quarter. Comerica Bank now owns 34,077 shares of the specialty retailer’s stock valued at $630,000 after buying an additional 987 shares in the last quarter. Hedge funds and other institutional investors own 98.08% of the company’s stock.

Nautilus Group, Inc. (NYSE:NLS) opened at 17.45 on Thursday. The stock’s 50 day moving average is $18.00 and its 200 day moving average is $17.61. Nautilus Group, Inc. has a 52 week low of $14.28 and a 52 week high of $24.99. The firm has a market cap of $536.66 million, a price-to-earnings ratio of 18.89 and a beta of 2.05.

Nautilus Group, Inc. (The) (NYSE:NLS) last issued its earnings results on Monday, July 31st. The specialty retailer reported $0.08 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.09 by $0.01. The firm had revenue of $77 million for the quarter, compared to analyst estimates of $77.71 million. Nautilus Group, Inc. (The) had a return on equity of 17.22% and a net margin of 7.25%. Nautilus Group, Inc. (The)’s quarterly revenue was down 1.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.12 earnings per share. Equities research analysts expect that Nautilus Group, Inc. will post $1.12 EPS for the current year.

Nautilus Group, Inc. (The) declared that its Board of Directors has authorized a share buyback program on Monday, May 1st that permits the company to buyback $15.00 million in outstanding shares. This buyback authorization permits the specialty retailer to repurchase up to 2.8% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s management believes its shares are undervalued.

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Several research analysts have weighed in on the stock. DA Davidson upgraded shares of Nautilus Group, Inc. (The) from a “neutral” rating to a “buy” rating and upped their price objective for the company from $19.00 to $22.00 in a research note on Wednesday. Zacks Investment Research lowered shares of Nautilus Group, Inc. (The) from a “buy” rating to a “hold” rating in a research note on Saturday, May 13th. Finally, Imperial Capital upped their price objective on shares of Nautilus Group, Inc. (The) from $20.00 to $21.00 and gave the company an “outperform” rating in a research note on Wednesday, May 3rd. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $22.08.

In related news, Director M Carl Johnson III sold 4,550 shares of the business’s stock in a transaction on Friday, May 19th. The shares were sold at an average price of $18.41, for a total transaction of $83,765.50. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 3.70% of the stock is currently owned by insiders.

About Nautilus Group, Inc. (The)

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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Institutional Ownership by Quarter for Nautilus Group, Inc. (The) (NYSE:NLS)

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