Slide Insurance (NASDAQ:SLDE) Director Stephen Rohde Sells 5,000 Shares

Slide Insurance Holdings, Inc. (NASDAQ:SLDE) Director Stephen Rohde sold 5,000 shares of the firm’s stock in a transaction on Wednesday, March 4th. The stock was sold at an average price of $19.50, for a total value of $97,500.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Slide Insurance Price Performance

SLDE traded down $0.95 during trading on Friday, reaching $18.52. 1,081,666 shares of the company were exchanged, compared to its average volume of 1,254,700. The company has a quick ratio of 1.30, a current ratio of 1.34 and a debt-to-equity ratio of 0.03. The company has a market cap of $2.30 billion and a price-to-earnings ratio of 7.18. Slide Insurance Holdings, Inc. has a 12-month low of $12.53 and a 12-month high of $25.90. The company’s 50-day moving average is $17.61 and its two-hundred day moving average is $16.38.

Slide Insurance (NASDAQ:SLDE) last posted its earnings results on Tuesday, February 24th. The company reported $1.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.87 by $0.36. The firm had revenue of $347.01 million during the quarter.

Institutional Trading of Slide Insurance

Institutional investors and hedge funds have recently bought and sold shares of the stock. American Century Companies Inc. purchased a new position in shares of Slide Insurance in the 2nd quarter valued at approximately $56,229,000. Raymond James Financial Inc. bought a new position in Slide Insurance in the second quarter worth $33,063,000. Capital World Investors boosted its holdings in shares of Slide Insurance by 49.4% during the 3rd quarter. Capital World Investors now owns 4,483,180 shares of the company’s stock valued at $70,767,000 after buying an additional 1,483,180 shares in the last quarter. Hood River Capital Management LLC purchased a new stake in shares of Slide Insurance in the 2nd quarter worth about $31,542,000. Finally, Balyasny Asset Management L.P. increased its stake in shares of Slide Insurance by 314.8% in the 3rd quarter. Balyasny Asset Management L.P. now owns 1,378,054 shares of the company’s stock worth $21,753,000 after acquiring an additional 1,045,826 shares in the last quarter.

Analysts Set New Price Targets

A number of equities analysts recently commented on the stock. Barclays lifted their target price on shares of Slide Insurance from $25.00 to $29.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 25th. Zacks Research lowered Slide Insurance from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 16th. Keefe, Bruyette & Woods increased their target price on Slide Insurance from $19.00 to $22.00 and gave the company an “outperform” rating in a report on Thursday, November 6th. Piper Sandler lifted their price target on Slide Insurance from $22.00 to $24.00 and gave the stock an “overweight” rating in a research note on Thursday, February 26th. Finally, Morgan Stanley boosted their price objective on Slide Insurance from $18.00 to $21.00 and gave the company an “overweight” rating in a research report on Monday, November 17th. Six research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, Slide Insurance presently has a consensus rating of “Moderate Buy” and a consensus price target of $24.20.

Slide Insurance Company Profile

Launched in 2021, we are a technology enabled, fast-growing, coastal specialty insurer. We focus on profitable underwriting of single family and condominium policies in the property and casualty (“P&C”) industry in coastal states along the Atlantic seaboard through our insurance subsidiary, Slide Insurance Company (“SIC”). We utilize our differentiated technology and data-driven approach to focus on market opportunities that are underserved by other insurance companies. We acquire policies both from inorganic block acquisitions and subsequent renewals, as well as new business sales through a combination of independent agents and our direct-to-consumer(“DTC”) channel, through which we sell our insurance products directly to end consumers, without the use of retailers, brokers, agents or other intermediaries.