Rhumbline Advisers Acquires 9,328 Shares of Nautilus, Inc. (NLS)

Rhumbline Advisers lifted its holdings in Nautilus, Inc. (NYSE:NLS) by 15.4% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 69,964 shares of the specialty retailer’s stock after purchasing an additional 9,328 shares during the quarter. Rhumbline Advisers owned 0.23% of Nautilus worth $934,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of NLS. Municipal Employees Retirement System of Michigan lifted its position in Nautilus by 58.7% in the third quarter. Municipal Employees Retirement System of Michigan now owns 11,520 shares of the specialty retailer’s stock worth $195,000 after buying an additional 4,260 shares during the last quarter. Victory Capital Management Inc. lifted its position in Nautilus by 6.6% in the fourth quarter. Victory Capital Management Inc. now owns 87,157 shares of the specialty retailer’s stock worth $1,163,000 after buying an additional 5,381 shares during the last quarter. Kirr Marbach & Co. LLC IN lifted its position in Nautilus by 22.0% in the fourth quarter. Kirr Marbach & Co. LLC IN now owns 30,950 shares of the specialty retailer’s stock worth $413,000 after buying an additional 5,585 shares during the last quarter. OxFORD Asset Management LLP lifted its position in Nautilus by 6.9% in the third quarter. OxFORD Asset Management LLP now owns 101,260 shares of the specialty retailer’s stock worth $1,721,000 after buying an additional 6,504 shares during the last quarter. Finally, BNP Paribas Arbitrage SA lifted its position in Nautilus by 54.5% in the third quarter. BNP Paribas Arbitrage SA now owns 19,390 shares of the specialty retailer’s stock worth $328,000 after buying an additional 6,837 shares during the last quarter. 88.95% of the stock is owned by hedge funds and other institutional investors.

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NYSE:NLS opened at $13.45 on Friday. Nautilus, Inc. has a twelve month low of $11.30 and a twelve month high of $19.80. The firm has a market cap of $413.01, a PE ratio of 15.28, a price-to-earnings-growth ratio of 1.34 and a beta of 1.61. The company has a quick ratio of 1.39, a current ratio of 1.94 and a debt-to-equity ratio of 0.18.

Nautilus (NYSE:NLS) last released its earnings results on Monday, March 5th. The specialty retailer reported $0.27 earnings per share for the quarter, missing the consensus estimate of $0.31 by ($0.04). Nautilus had a return on equity of 15.93% and a net margin of 6.47%. The business had revenue of $127.80 million for the quarter, compared to the consensus estimate of $128.64 million. During the same quarter last year, the business posted $0.38 earnings per share. The firm’s revenue for the quarter was up 1.6% compared to the same quarter last year. sell-side analysts anticipate that Nautilus, Inc. will post 1 earnings per share for the current year.

Nautilus announced that its board has authorized a stock repurchase plan on Monday, March 5th that permits the company to repurchase $15.00 million in shares. This repurchase authorization permits the specialty retailer to repurchase shares of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s board of directors believes its stock is undervalued.

A number of analysts recently issued reports on NLS shares. Zacks Investment Research upgraded Nautilus from a “sell” rating to a “hold” rating in a research report on Tuesday, January 9th. ValuEngine downgraded Nautilus from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. B. Riley lowered their price target on Nautilus from $19.75 to $16.75 and set a “buy” rating for the company in a research report on Tuesday, March 6th. Lake Street Capital restated a “hold” rating and issued a $14.00 price target (down from $15.00) on shares of Nautilus in a research report on Tuesday, March 6th. Finally, Imperial Capital restated an “in-line” rating and issued a $12.00 price target (down from $14.00) on shares of Nautilus in a research report on Wednesday, March 7th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $16.68.

In other news, VP Jeffery Lynn Collins sold 2,335 shares of Nautilus stock in a transaction on Thursday, March 8th. The stock was sold at an average price of $13.00, for a total transaction of $30,355.00. Following the completion of the sale, the vice president now directly owns 3,432 shares in the company, valued at $44,616. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Bruce M. Cazenave sold 5,350 shares of Nautilus stock in a transaction on Tuesday, March 20th. The stock was sold at an average price of $12.97, for a total value of $69,389.50. Following the sale, the chief executive officer now owns 381,396 shares of the company’s stock, valued at $4,946,706.12. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 29,085 shares of company stock valued at $363,393. Corporate insiders own 3.70% of the company’s stock.

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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.

Institutional Ownership by Quarter for Nautilus (NYSE:NLS)

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