Slide Insurance Holdings, Inc. (NASDAQ:SLDE - Get Free Report) insider Matthew Paul Larson sold 8,750 shares of the company's stock in a transaction dated Thursday, April 16th. The shares were sold at an average price of $19.00, for a total transaction of $166,250.00. Following the sale, the insider directly owned 8,750 shares of the company's stock, valued at $166,250. The trade was a 50.00% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Matthew Paul Larson also recently made the following trade(s):
- On Monday, April 20th, Matthew Paul Larson sold 11,250 shares of Slide Insurance stock. The stock was sold at an average price of $19.39, for a total transaction of $218,137.50.
- On Monday, April 13th, Matthew Paul Larson sold 10,000 shares of Slide Insurance stock. The shares were sold at an average price of $18.00, for a total transaction of $180,000.00.
- On Monday, April 6th, Matthew Paul Larson sold 11,250 shares of Slide Insurance stock. The stock was sold at an average price of $18.00, for a total value of $202,500.00.
- On Monday, March 30th, Matthew Paul Larson sold 11,250 shares of Slide Insurance stock. The shares were sold at an average price of $18.00, for a total value of $202,500.00.
- On Tuesday, March 24th, Matthew Paul Larson sold 11,250 shares of Slide Insurance stock. The shares were sold at an average price of $18.00, for a total value of $202,500.00.
- On Tuesday, March 3rd, Matthew Paul Larson sold 11,250 shares of Slide Insurance stock. The stock was sold at an average price of $19.01, for a total transaction of $213,862.50.
Slide Insurance Price Performance
Shares of NASDAQ:SLDE opened at $18.98 on Tuesday. The company has a market capitalization of $2.36 billion and a P/E ratio of 7.36. Slide Insurance Holdings, Inc. has a 1-year low of $12.53 and a 1-year high of $25.90. The firm's 50 day simple moving average is $17.92 and its two-hundred day simple moving average is $17.25. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.34 and a quick ratio of 1.34.
Slide Insurance (NASDAQ:SLDE - Get Free Report) last announced its quarterly earnings data 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 for the quarter. Research analysts expect that Slide Insurance Holdings, Inc. will post 3.26 EPS for the current fiscal year.
Institutional Investors Weigh In On Slide Insurance
Several large investors have recently made changes to their positions in SLDE. Hsbc Holdings PLC bought a new position in Slide Insurance during the fourth quarter valued at approximately $382,000. World Investment Advisors bought a new position in shares of Slide Insurance during the 4th quarter valued at approximately $1,964,000. Caitong International Asset Management Co. Ltd grew its holdings in shares of Slide Insurance by 4,839.2% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 2,519 shares of the company's stock valued at $49,000 after purchasing an additional 2,468 shares in the last quarter. Invesco Ltd. increased its position in Slide Insurance by 35.1% in the fourth quarter. Invesco Ltd. now owns 20,066 shares of the company's stock worth $391,000 after purchasing an additional 5,212 shares during the last quarter. Finally, Vident Advisory LLC bought a new position in Slide Insurance during the fourth quarter valued at $859,000.
Analyst Upgrades and Downgrades
SLDE has been the subject of a number of recent analyst reports. Texas Capital raised Slide Insurance to a "strong-buy" rating in a research note on Wednesday, March 18th. Barclays lifted their target price on Slide Insurance from $25.00 to $29.00 and gave the company an "overweight" rating in a research note on Wednesday, February 25th. Wall Street Zen downgraded Slide Insurance from a "buy" rating to a "hold" rating in a research note on Saturday, April 11th. Keefe, Bruyette & Woods increased their price objective on shares of Slide Insurance from $22.00 to $23.00 and gave the company an "outperform" rating in a report on Monday, March 9th. Finally, Zacks Research upgraded shares of Slide Insurance from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, March 17th. Two research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Buy" and a consensus target price of $24.40.
View Our Latest Analysis on SLDE
About Slide Insurance
(
Get Free Report)
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.
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