GMT Capital Corp Purchases New Position in HCI Group, Inc. (HCI)
GMT Capital Corp purchased a new position in shares of HCI Group, Inc. (NYSE:HCI) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 16,700 shares of the insurance provider’s stock, valued at approximately $639,000. GMT Capital Corp owned approximately 0.17% of HCI Group at the end of the most recent reporting period.
A number of other large investors also recently made changes to their positions in the stock. Macquarie Group Ltd. raised its stake in HCI Group by 38.4% during the 3rd quarter. Macquarie Group Ltd. now owns 23,388 shares of the insurance provider’s stock worth $895,000 after acquiring an additional 6,488 shares in the last quarter. Ameriprise Financial Inc. raised its stake in HCI Group by 24.5% during the 3rd quarter. Ameriprise Financial Inc. now owns 129,152 shares of the insurance provider’s stock worth $4,939,000 after acquiring an additional 25,391 shares in the last quarter. IndexIQ Advisors LLC raised its stake in HCI Group by 83.3% during the 3rd quarter. IndexIQ Advisors LLC now owns 19,015 shares of the insurance provider’s stock worth $727,000 after acquiring an additional 8,644 shares in the last quarter. Foundry Partners LLC raised its stake in HCI Group by 16.1% during the 3rd quarter. Foundry Partners LLC now owns 159,057 shares of the insurance provider’s stock worth $6,084,000 after acquiring an additional 22,007 shares in the last quarter. Finally, Seizert Capital Partners LLC raised its stake in HCI Group by 65.2% during the 3rd quarter. Seizert Capital Partners LLC now owns 21,303 shares of the insurance provider’s stock worth $815,000 after acquiring an additional 8,405 shares in the last quarter. Hedge funds and other institutional investors own 72.94% of the company’s stock.
In other HCI Group news, CEO Paresh Patel acquired 1,000 shares of the stock in a transaction on Wednesday, September 20th. The shares were bought at an average cost of $36.06 per share, with a total value of $36,060.00. Following the transaction, the chief executive officer now owns 227,000 shares of the company’s stock, valued at approximately $8,185,620. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have acquired a total of 1,565 shares of company stock worth $56,894 over the last three months. 20.37% of the stock is currently owned by insiders.
HCI Group, Inc. (NYSE HCI) opened at $30.26 on Friday. HCI Group, Inc. has a 52-week low of $27.11 and a 52-week high of $50.93. The company has a quick ratio of 0.61, a current ratio of 0.61 and a debt-to-equity ratio of 1.22.
HCI Group (NYSE:HCI) last issued its quarterly earnings data on Thursday, November 2nd. The insurance provider reported ($4.44) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($2.52) by ($1.92). HCI Group had a negative return on equity of 6.34% and a negative net margin of 5.63%. The business had revenue of $44.00 million for the quarter, compared to analysts’ expectations of $66.46 million. During the same period in the previous year, the business posted $1.10 earnings per share. The company’s revenue for the quarter was down 30.5% on a year-over-year basis. equities analysts expect that HCI Group, Inc. will post -0.4 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, November 17th will be given a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 4.63%. The ex-dividend date is Thursday, November 16th. HCI Group’s payout ratio is currently -74.07%.
HCI has been the topic of several research analyst reports. Sidoti upgraded shares of HCI Group from a “neutral” rating to a “buy” rating and set a $40.00 price target on the stock in a research note on Monday, September 11th. TheStreet lowered shares of HCI Group from a “b-” rating to a “c” rating in a research note on Thursday, September 28th. ValuEngine lowered shares of HCI Group from a “buy” rating to a “hold” rating in a research note on Thursday, September 28th. Finally, BidaskClub lowered shares of HCI Group from a “sell” rating to a “strong sell” rating in a research note on Tuesday, August 8th. Three research analysts have rated the stock with a sell rating, one has given a hold rating and two have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $43.33.
HCI Group Company Profile
HCI Group, Inc (HCI) is an insurance holding company. The Company operates through four operating divisions: property and casualty insurance, reinsurance, investment real estate and information technology. Its operations include Insurance Operations and Other Operations. Its Insurance Operations include property and casualty insurance, and reinsurance.
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