Slide Insurance Holdings, Inc. (NASDAQ:SLDE) Shareholders to Receive $1.50 Special Dividend

Slide Insurance Holdings, Inc. (NASDAQ:SLDE) declared a special dividend on Tuesday, October 27th. Investors of record on Monday, November 23rd will be paid a dividend of $1.50 per share on Monday, November 30th. The ex-dividend date of this dividend is Monday, November 23rd.

Slide Insurance Price Performance

NASDAQ:SLDE opened at $28.11 on Wednesday. Slide Insurance has a 12 month low of $15.11 and a 12 month high of $29.15. The business’s 50-day moving average is $24.71 and its two-hundred day moving average is $20.01.

Slide Insurance (NASDAQ:SLDE) last announced its earnings results on Tuesday, October 27th. The company reported $1.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.65 by $0.44. The business had revenue of $361.05 million during the quarter, compared to analyst estimates of $398.08 million. As a group, equities research analysts predict that Slide Insurance will post 3.84 EPS for the current year.

Insider Activity

In other news, Director Robert Gries, Jr. sold 107,510 shares of the firm’s stock in a transaction on Tuesday, September 8th. The stock was sold at an average price of $24.44, for a total value of $2,627,544.40. Following the transaction, the director directly owned 1,585,211 shares in the company, valued at $38,742,556.84. This trade represents a 6.35% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Matthew Larson sold 11,374 shares of the business’s stock in a transaction dated Thursday, September 3rd. The shares were sold at an average price of $24.62, for a total value of $280,027.88. Following the completion of the transaction, the insider directly owned 11,374 shares of the company’s stock, valued at approximately $280,027.88. The trade was a 50.00% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 258,892 shares of company stock valued at $6,228,294 over the last 90 days. 50.80% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Nisa Investment Advisors LLC raised its stake in Slide Insurance by 83.1% in the 3rd quarter. Nisa Investment Advisors LLC now owns 11,353 shares of the company’s stock valued at $253,000 after acquiring an additional 5,153 shares during the period. Assenagon Asset Management S.A. acquired a new position in shares of Slide Insurance in the third quarter valued at $3,003,000. State of Alaska Department of Revenue raised its holdings in Slide Insurance by 15.1% in the 3rd quarter. State of Alaska Department of Revenue now owns 33,109 shares of the company’s stock valued at $737,000 after acquiring an additional 4,340 shares during the period. WINTON GROUP Ltd lifted its holdings in Slide Insurance by 153.5% during the 2nd quarter. WINTON GROUP Ltd now owns 28,500 shares of the company’s stock worth $552,000 after purchasing an additional 17,256 shares during the last quarter. Finally, Engineers Gate Manager LP bought a new stake in Slide Insurance in the 2nd quarter valued at $688,000.

Slide Insurance Company Profile

Slide Insurance Holdings, Inc is a technology-enabled property and casualty insurance company focused primarily on residential homeowners insurance. Through its digital platform, the company uses data, automation and analytics to support the quoting, underwriting, policy administration and claims processes.

Slide offers homeowners coverage designed to protect residential properties and personal belongings against covered risks, along with related liability protection and optional coverage features.