Heritage Insurance Holdings, Inc. (NYSE:HRTG) Short Interest Update

Heritage Insurance Holdings, Inc. (NYSE:HRTG - Get Free Report) was the recipient of a large decrease in short interest during the month of January. As of January 31st, there was short interest totalling 681,300 shares, a decrease of 8.7% from the January 15th total of 746,600 shares. Currently, 3.0% of the company's stock are sold short. Based on an average daily volume of 210,100 shares, the short-interest ratio is presently 3.2 days.

Hedge Funds Weigh In On Heritage Insurance

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Dimensional Fund Advisors LP lifted its position in shares of Heritage Insurance by 14.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,569,667 shares of the insurance provider's stock valued at $18,993,000 after acquiring an additional 193,590 shares during the period. Vanguard Group Inc. boosted its position in Heritage Insurance by 0.7% during the 4th quarter. Vanguard Group Inc. now owns 1,328,135 shares of the insurance provider's stock worth $16,070,000 after purchasing an additional 9,452 shares during the period. Invesco Ltd. boosted its position in Heritage Insurance by 24.0% in the 4th quarter. Invesco Ltd. now owns 944,639 shares of the insurance provider's stock valued at $11,430,000 after buying an additional 182,624 shares during the last quarter. Pacific Ridge Capital Partners LLC boosted its position in Heritage Insurance by 33.7% in the 4th quarter. Pacific Ridge Capital Partners LLC now owns 813,557 shares of the insurance provider's stock valued at $9,844,000 after buying an additional 205,195 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. acquired a new stake in shares of Heritage Insurance in the 4th quarter valued at about $7,799,000. Hedge funds and other institutional investors own 59.03% of the company's stock.

Wall Street Analyst Weigh In

Separately, StockNews.com raised Heritage Insurance from a "hold" rating to a "buy" rating in a research report on Monday, November 25th.

Heritage Insurance Trading Down 5.9 %

Shares of HRTG stock traded down $0.70 during trading on Friday, hitting $11.08. 159,837 shares of the stock traded hands, compared to its average volume of 173,004. The firm has a market capitalization of $339.93 million, a P/E ratio of 4.43 and a beta of 1.01. Heritage Insurance has a 52-week low of $6.14 and a 52-week high of $16.90. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.76 and a quick ratio of 0.76. The firm's fifty day moving average price is $11.70 and its 200-day moving average price is $12.33.

Heritage Insurance announced that its board has approved a share buyback program on Monday, December 9th that permits the company to buyback $10.00 million in outstanding shares. This buyback authorization permits the insurance provider to reacquire up to 2.8% of its stock through open market purchases. Stock buyback programs are usually a sign that the company's board believes its shares are undervalued.

About Heritage Insurance

Heritage Insurance Holdings, Inc, through its subsidiaries, provides personal and commercial residential insurance products. The company offers personal residential insurance in Alabama, California, Connecticut, Delaware, Florida, Georgia, Hawaii, Maryland, Massachusetts, Mississippi, New Jersey, New York, North Carolina, Rhode Island, South Carolina, and Virginia; commercial residential insurance for properties in Florida, New Jersey, and New York; and licensed in the state of Pennsylvania, as well as personal residential and wind-only property insurance.