Stephen Rohde Sells 9,335 Shares of Slide Insurance (NASDAQ:SLDE) Stock

Slide Insurance Holdings, Inc. (NASDAQ:SLDE) Director Stephen Rohde sold 9,335 shares of the firm’s stock in a transaction that occurred on Friday, February 27th. The shares were sold at an average price of $18.83, for a total transaction of $175,778.05. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Slide Insurance Stock Performance

Slide Insurance stock opened at $19.41 on Thursday. Slide Insurance Holdings, Inc. has a 1-year low of $12.53 and a 1-year high of $25.90. The company has a current ratio of 1.34, a quick ratio of 1.30 and a debt-to-equity ratio of 0.03. The firm has a market capitalization of $2.41 billion and a PE ratio of 14.38. The firm’s 50 day simple moving average is $17.61 and its 200 day simple moving average is $16.35.

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

Analyst Upgrades and Downgrades

SLDE has been the subject of a number of research analyst reports. Zacks Research downgraded Slide Insurance from a “strong-buy” rating to a “hold” rating in a research report on Monday, February 16th. Keefe, Bruyette & Woods lifted their target price on shares of Slide Insurance from $19.00 to $22.00 and gave the company an “outperform” rating in a research report on Thursday, November 6th. Weiss Ratings reissued a “hold (c-)” rating on shares of Slide Insurance in a research note on Friday, December 26th. Morgan Stanley raised their price objective on shares of Slide Insurance from $18.00 to $21.00 and gave the company an “overweight” rating in a research report on Monday, November 17th. Finally, Barclays upped 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. Six analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $24.20.

Institutional Investors Weigh In On Slide Insurance

A number of hedge funds have recently made changes to their positions in SLDE. Capital World Investors raised its position in Slide Insurance by 49.4% in the 3rd quarter. Capital World Investors now owns 4,483,180 shares of the company’s stock worth $70,767,000 after purchasing an additional 1,483,180 shares during the period. Vanguard Group Inc. grew its stake in shares of Slide Insurance by 14.7% during the fourth quarter. Vanguard Group Inc. now owns 2,761,819 shares of the company’s stock valued at $53,800,000 after buying an additional 354,321 shares during the last quarter. American Century Companies Inc. purchased a new position in shares of Slide Insurance in the second quarter worth about $56,229,000. Balyasny Asset Management L.P. increased its holdings in shares of Slide Insurance by 27.6% in the fourth quarter. Balyasny Asset Management L.P. now owns 1,758,215 shares of the company’s stock worth $34,250,000 after buying an additional 380,161 shares during the period. Finally, Raymond James Financial Inc. bought a new stake in shares of Slide Insurance in the 2nd quarter valued at about $33,063,000.

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.