Punch & Associates Investment Management Inc. Takes $7.41 Million Position in Nature’s Sunshine Products, Inc. $NATR

Punch & Associates Investment Management Inc. acquired a new stake in Nature’s Sunshine Products, Inc. (NASDAQ:NATR) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 340,000 shares of the company’s stock, valued at approximately $7,412,000. Punch & Associates Investment Management Inc. owned 1.93% of Nature’s Sunshine Products as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Legal & General Group Plc purchased a new position in Nature’s Sunshine Products in the second quarter valued at about $30,000. New York State Teachers Retirement System acquired a new stake in shares of Nature’s Sunshine Products in the 1st quarter worth approximately $37,000. Raymond James Financial Inc. purchased a new position in Nature’s Sunshine Products in the 2nd quarter valued at approximately $37,000. Clearstead Advisors LLC increased its stake 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 position in Nature’s Sunshine Products during the first quarter worth $48,000. Hedge funds and other institutional investors own 79.40% of the company’s stock.

Insider Activity at Nature’s Sunshine Products

In other Nature’s Sunshine Products news, EVP Bryant J. Yates sold 11,968 shares of Nature’s Sunshine Products stock in a transaction on Friday, June 5th. The shares were sold at an average price of $19.90, for a total value of $238,163.20. Following the transaction, the executive vice president owned 77,446 shares in the company, valued at $1,541,175.40. This trade represents a 13.38% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Kevin R. Herbert sold 2,000 shares of the company’s stock in a transaction on Friday, June 12th. The stock was sold at an average price of $20.68, for a total value of $41,360.00. Following the sale, the executive vice president owned 48,866 shares of the company’s stock, valued at approximately $1,010,548.88. The trade was a 3.93% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders purchased 161,389 shares of company stock worth $2,612,536 and sold 23,681 shares worth $480,000. Company insiders own 3.10% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on NATR. Wall Street Zen downgraded Nature’s Sunshine Products from a “buy” rating to a “hold” rating in a research note on Sunday, August 16th. Canaccord Genuity Group dropped their target price on shares of Nature’s Sunshine Products from $37.00 to $36.00 and set a “buy” rating for the company in a report on Thursday, July 30th. DA Davidson cut their target price on shares of Nature’s Sunshine Products from $33.00 to $25.00 and set a “buy” rating for the company in a research report on Monday, August 10th. Finally, Weiss Ratings downgraded shares of Nature’s Sunshine Products from a “hold (c+)” rating to a “hold (c)” rating in a report on Tuesday, August 18th. Two investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Nature’s Sunshine Products presently has a consensus rating of “Moderate Buy” and a consensus price target of $30.50.

Nature’s Sunshine Products Stock Up 0.7%

Shares of NASDAQ:NATR opened at $14.29 on Thursday. The company has a market cap of $251.50 million, a P/E ratio of 14.15 and a beta of 0.88. The business has a fifty day simple moving average of $19.23 and a 200-day simple moving average of $22.57. Nature’s Sunshine Products, Inc. has a 52 week low of $12.97 and a 52 week high of $28.14.

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

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.