Insider Buying: Nautilus, Inc. (NYSE:NLS) VP Buys 20,000 Shares of Stock

Nautilus, Inc. (NYSE:NLS – Get Rating) VP Jeffery Lynn Collins acquired 20,000 shares of the company’s stock in a transaction dated Monday, June 6th. The shares were purchased at an average price of $2.15 per share, with a total value of $43,000.00. Following the completion of the acquisition, the vice president now owns 40,387 shares in the company, valued at $86,832.05. The purchase was disclosed in a filing with the SEC, which is available at this link.
NYSE:NLS traded down $0.06 on Wednesday, reaching $2.39. The stock had a trading volume of 957,202 shares, compared to its average volume of 793,144. The company has a current ratio of 2.18, a quick ratio of 1.01 and a debt-to-equity ratio of 0.17. The company has a 50-day moving average of $3.01 and a 200 day moving average of $4.66. The stock has a market cap of $74.68 million, a P/E ratio of -3.27 and a beta of 1.75. Nautilus, Inc. has a 12-month low of $1.85 and a 12-month high of $18.04.
A number of analysts recently weighed in on NLS shares. StockNews.com cut shares of Nautilus from a “hold” rating to a “sell” rating in a research report on Wednesday, May 25th. Roth Capital reaffirmed a “neutral” rating on shares of Nautilus in a research report on Tuesday, May 24th. Zacks Investment Research cut shares of Nautilus from a “buy” rating to a “hold” rating in a research report on Friday, May 27th. Craig Hallum cut shares of Nautilus from a “buy” rating to a “hold” rating and decreased their price target for the stock from $9.00 to $2.00 in a research report on Tuesday, May 24th. Finally, Lake Street Capital decreased their price target on shares of Nautilus from $14.00 to $5.00 and set a “buy” rating for the company in a research report on Tuesday, May 24th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, Nautilus has an average rating of “Hold” and a consensus price target of $5.55.
Large investors have recently bought and sold shares of the business. Citigroup Inc. boosted its position in Nautilus by 107.1% in the 3rd quarter. Citigroup Inc. now owns 4,088 shares of the specialty retailer’s stock valued at $38,000 after buying an additional 2,114 shares during the last quarter. BNP Paribas Arbitrage SA raised its stake in shares of Nautilus by 136.1% in the 3rd quarter. BNP Paribas Arbitrage SA now owns 9,177 shares of the specialty retailer’s stock valued at $85,000 after purchasing an additional 5,290 shares in the last quarter. Pine Haven Investment Counsel Inc acquired a new stake in shares of Nautilus in the 1st quarter valued at about $41,000. PDT Partners LLC acquired a new stake in shares of Nautilus in the 4th quarter valued at about $66,000. Finally, Signify Wealth acquired a new stake in shares of Nautilus in the 4th quarter valued at about $70,000. 59.04% of the stock is owned by institutional investors.
About Nautilus (Get Rating)
Nautilus, Inc, a fitness solutions company, designs, develops, sources, and markets cardio and strength fitness products, and related accessories for consumer and commercial use in the United States, Canada, and internationally. The company operates in two segments, Direct and Retail. It offers specialized cardio products, treadmills, ellipticals, bike products, home gyms, dumbbells, barbells, and kettlebells primarily under the Nautilus, Bowflex, Octane Fitness, Schwinn, and Universal brands, as well as fitness digital platform under the JRNY brand.
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