Rice Hall James & Associates LLC Sells 20,300 Shares of Nautilus, Inc. (NLS)

Rice Hall James & Associates LLC trimmed its holdings in Nautilus, Inc. (NYSE:NLS) by 18.8% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 87,831 shares of the specialty retailer’s stock after selling 20,300 shares during the period. Rice Hall James & Associates LLC owned about 0.29% of Nautilus worth $1,225,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in NLS. Piedmont Investment Advisors LLC bought a new position in shares of Nautilus in the second quarter valued at $111,000. SG Americas Securities LLC bought a new position in shares of Nautilus in the second quarter valued at $120,000. Bank of Montreal Can lifted its stake in shares of Nautilus by 1,797.3% in the second quarter. Bank of Montreal Can now owns 11,403 shares of the specialty retailer’s stock valued at $178,000 after buying an additional 10,802 shares in the last quarter. Aperio Group LLC bought a new position in shares of Nautilus in the second quarter valued at $178,000. Finally, Itau Unibanco Holding S.A. bought a new position in shares of Nautilus in the second quarter valued at $181,000. 92.23% of the stock is currently owned by hedge funds and other institutional investors.

NLS opened at $13.04 on Tuesday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.63 and a current ratio of 2.19. Nautilus, Inc. has a fifty-two week low of $11.30 and a fifty-two week high of $17.20. The stock has a market cap of $383.24 million, a P/E ratio of 15.08, a PEG ratio of 1.21 and a beta of 1.08.



Nautilus (NYSE:NLS) last released its quarterly earnings results on Monday, October 29th. The specialty retailer reported $0.15 earnings per share for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.02). Nautilus had a net margin of 6.32% and a return on equity of 14.23%. The firm had revenue of $91.10 million for the quarter, compared to the consensus estimate of $94.12 million. During the same period in the previous year, the business earned $0.27 earnings per share. The firm’s revenue for the quarter was up 3.4% on a year-over-year basis. Equities research analysts predict that Nautilus, Inc. will post 1.05 EPS for the current fiscal year.

In related news, CEO Bruce M. Cazenave sold 16,600 shares of the firm’s stock in a transaction dated Tuesday, September 25th. The shares were sold at an average price of $14.01, for a total transaction of $232,566.00. Following the transaction, the chief executive officer now directly owns 382,094 shares of the company’s stock, valued at $5,353,136.94. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Bruce M. Cazenave sold 10,700 shares of the firm’s stock in a transaction dated Wednesday, August 22nd. The shares were sold at an average price of $14.81, for a total transaction of $158,467.00. Following the transaction, the chief executive officer now directly owns 389,044 shares in the company, valued at $5,761,741.64. The disclosure for this sale can be found here. 3.50% of the stock is owned by company insiders.

A number of research firms have weighed in on NLS. B. Riley raised their price objective on shares of Nautilus from $19.50 to $21.00 and gave the company a “buy” rating in a research note on Friday, August 24th. Lake Street Capital raised shares of Nautilus from a “hold” rating to a “buy” rating and raised their price objective for the company from $16.00 to $17.00 in a research note on Tuesday, July 31st. TheStreet lowered shares of Nautilus from a “b-” rating to a “c+” rating in a research note on Thursday, July 19th. Finally, Zacks Investment Research raised shares of Nautilus from a “sell” rating to a “hold” rating in a research report on Tuesday, July 24th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and five have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $16.86.

About Nautilus

Nautilus, Inc, a consumer fitness products company, designs, develops, sources, and markets cardio and strength fitness products, and related accessories for consumer use in the United States, Canada, and internationally. The company operates in two segments, Direct and Retail. It offers specialized cardio products, treadmills, elliptical machine, bike products, strength products, home gyms, dumbbells, kettlebell weights, and weight benches primarily under the Nautilus, Bowflex, Octane Fitness, Schwinn, and Universal brands.

Read More: Balance Sheet

Institutional Ownership by Quarter for Nautilus (NYSE:NLS)

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