Hagerty, Inc. (NYSE:HGTY – Get Free Report) shares hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $10.65 and last traded at $10.65, with a volume of 7356 shares changing hands. The stock had previously closed at $10.53.
Hagerty Trading Up 0.5 %
The stock has a market cap of $3.73 billion, a P/E ratio of 184.53 and a beta of 0.80. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.47 and a current ratio of 1.47. The stock has a 50-day moving average price of $9.54 and a 200-day moving average price of $8.81.
Hagerty (NYSE:HGTY – Get Free Report) last released its earnings results on Tuesday, May 7th. The company reported $0.04 earnings per share for the quarter, topping analysts’ consensus estimates of $0.03 by $0.01. The company had revenue of $271.71 million during the quarter, compared to the consensus estimate of $264.32 million. Hagerty had a return on equity of 6.35% and a net margin of 1.82%. On average, equities research analysts expect that Hagerty, Inc. will post 0.21 EPS for the current year.
Insider Buying and Selling
Hedge Funds Weigh In On Hagerty
Large investors have recently bought and sold shares of the stock. Blue Trust Inc. purchased a new position in Hagerty in the 4th quarter worth approximately $57,000. MeadowBrook Investment Advisors LLC purchased a new position in Hagerty in the 4th quarter worth approximately $132,000. Quadrature Capital Ltd purchased a new position in Hagerty in the 3rd quarter worth approximately $147,000. Meixler Investment Management Ltd. increased its stake in Hagerty by 21.2% in the 1st quarter. Meixler Investment Management Ltd. now owns 24,325 shares of the company’s stock worth $223,000 after purchasing an additional 4,250 shares during the period. Finally, Hsbc Holdings PLC purchased a new position in Hagerty in the 3rd quarter worth approximately $206,000. 20.51% of the stock is owned by hedge funds and other institutional investors.
About Hagerty
Hagerty, Inc provides insurance agency services worldwide. It offers motor vehicle and boat insurance products; and reinsurance products. The company provides Hagerty Media, which publishes contents through the Hagerty Drivers Club Magazine (HDC), video content, and social media channels; HDC that offers subscription based products and services, including HDC Magazine, automotive enthusiast events, proprietary vehicle valuation tools, emergency roadside services, and special vehicle-related discounts.
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