PenderFund Capital Management Ltd. Makes New $783,000 Investment in Vericity, Inc. (NASDAQ:VERY)

PenderFund Capital Management Ltd. acquired a new position in Vericity, Inc. (NASDAQ:VERY) in the 4th quarter, HoldingsChannel.com reports. The institutional investor acquired 69,985 shares of the company’s stock, valued at approximately $783,000.

Vericity Stock Performance

NASDAQ VERY opened at $11.35 on Wednesday. The business has a 50 day simple moving average of $11.34 and a 200 day simple moving average of $11.28. The company has a quick ratio of 0.48, a current ratio of 0.48 and a debt-to-equity ratio of 0.37. Vericity, Inc. has a one year low of $4.70 and a one year high of $12.14.

Vericity (NASDAQ:VERY) last posted its quarterly earnings results on Wednesday, May 15th. The company reported ($0.37) earnings per share (EPS) for the quarter. The business had revenue of $45.49 million for the quarter. Vericity had a negative return on equity of 12.99% and a negative net margin of 7.59%.

Vericity Profile

Vericity, Inc, together with its subsidiaries, provides life insurance protection products for the middle American market. The company operates through Agency and Insurance segments. The Agency segment sells life insurance products for unaffiliated insurance companies through its call center distribution platform, as well as through its independent agents and other marketing organizations.