StockNews.com Initiates Coverage on Natural Alternatives International (NASDAQ:NAII)

StockNews.com assumed coverage on shares of Natural Alternatives International (NASDAQ:NAII) in a research report released on Tuesday. The firm issued a buy rating on the stock.

Natural Alternatives International Trading Down 2.3 %

Shares of Natural Alternatives International stock opened at $3.62 on Tuesday. Natural Alternatives International has a 52-week low of $3.27 and a 52-week high of $7.26. The stock’s 50-day simple moving average is $4.04 and its 200 day simple moving average is $4.59. The stock has a market capitalization of $22.41 million, a P/E ratio of -2.80 and a beta of 0.60. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.50 and a current ratio of 2.70.

Natural Alternatives International (NASDAQ:NAII) last announced its quarterly earnings results on Friday, February 14th. The company reported ($0.37) earnings per share for the quarter. Natural Alternatives International had a negative net margin of 6.26% and a negative return on equity of 9.36%. The company had revenue of $34.08 million for the quarter.

Institutional Investors Weigh In On Natural Alternatives International

Hedge funds and other institutional investors have recently modified their holdings of the stock. Geode Capital Management LLC increased its position in shares of Natural Alternatives International by 6.9% during the third quarter. Geode Capital Management LLC now owns 45,062 shares of the company’s stock valued at $258,000 after buying an additional 2,915 shares during the period. Citadel Advisors LLC bought a new stake in shares of Natural Alternatives International during the fourth quarter valued at about $61,000. Northern Trust Corp increased its position in shares of Natural Alternatives International by 54.3% during the fourth quarter. Northern Trust Corp now owns 37,633 shares of the company’s stock valued at $162,000 after buying an additional 13,238 shares during the period. Dimensional Fund Advisors LP grew its holdings in shares of Natural Alternatives International by 0.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 429,043 shares of the company’s stock worth $1,841,000 after purchasing an additional 2,371 shares in the last quarter. Finally, Mink Brook Asset Management LLC purchased a new position in shares of Natural Alternatives International during the fourth quarter worth about $1,293,000. 32.40% of the stock is currently owned by institutional investors.

About Natural Alternatives International

Natural Alternatives International, Inc engages in formulating, manufacturing, and marketing nutritional supplements in the United States, Europe, Australia, Asia, Mexico, and Canada. The company operates in two segments, Private-Label Contract Manufacturing, and Patent and Trademark Licensing. It 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.