Algert Global LLC cut its holdings in shares of Natural Alternatives International, Inc. (NASDAQ:NAII) by 55.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 39,399 shares of the company’s stock after selling 50,031 shares during the period. Algert Global LLC owned 0.52% of Natural Alternatives International worth $387,000 at the end of the most recent quarter.
Other hedge funds have also modified their holdings of the company. Wedbush Securities Inc. increased its position in shares of Natural Alternatives International by 44.6% during the third quarter. Wedbush Securities Inc. now owns 71,462 shares of the company’s stock worth $700,000 after purchasing an additional 22,047 shares in the last quarter. Wells Fargo & Company MN grew its holdings in shares of Natural Alternatives International by 7.5% during the third quarter. Wells Fargo & Company MN now owns 279,050 shares of the company’s stock valued at $2,735,000 after buying an additional 19,570 shares during the last quarter. Finally, Renaissance Technologies LLC grew its holdings in shares of Natural Alternatives International by 2.6% during the second quarter. Renaissance Technologies LLC now owns 564,378 shares of the company’s stock valued at $5,728,000 after buying an additional 14,478 shares during the last quarter. 32.53% of the stock is currently owned by institutional investors and hedge funds.
Shares of NAII opened at $11.65 on Friday. The firm has a market cap of $88.19 million, a PE ratio of 8.65 and a beta of 0.09. Natural Alternatives International, Inc. has a 1-year low of $8.73 and a 1-year high of $12.15.
Natural Alternatives International (NASDAQ:NAII) last announced its quarterly earnings data on Tuesday, November 13th. The company reported $0.37 earnings per share for the quarter. The firm had revenue of $36.53 million for the quarter. Natural Alternatives International had a net margin of 4.38% and a return on equity of 14.07%.
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Natural Alternatives International Company Profile
Natural Alternatives International, Inc engages in formulating, manufacturing, and marketing nutritional supplements in the United States and internationally. It operates through two segments, Private-Label Contract Manufacturing, and Patent and Trademark Licensing. The company offers private-label contract manufacturing services to companies that market and distribute vitamins, minerals, herbal, and other nutritional supplements, as well as other health care products.
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