Stock Traders Purchase Large Volume of Call Options on SelectQuote (NYSE:SLQT)

SelectQuote, Inc. (NYSE:SLQT - Get Free Report) was the recipient of some unusual options trading activity on Wednesday. Stock traders bought 5,032 call options on the stock. This represents an increase of approximately 359% compared to the average daily volume of 1,097 call options.

SelectQuote Stock Performance

Shares of SLQT traded down $0.10 during mid-day trading on Wednesday, hitting $1.96. 830,782 shares of the company's stock were exchanged, compared to its average volume of 981,626. The company has a current ratio of 6.84, a quick ratio of 6.84 and a debt-to-equity ratio of 2.01. SelectQuote has a fifty-two week low of $1.03 and a fifty-two week high of $4.46. The business's 50 day moving average is $3.40 and its two-hundred day moving average is $2.77. The firm has a market capitalization of $335.17 million, a P/E ratio of -6.22 and a beta of 1.08.

Institutional Trading of SelectQuote

A number of hedge funds have recently added to or reduced their stakes in SLQT. Jacobs Levy Equity Management Inc. raised its stake in shares of SelectQuote by 229.3% during the first quarter. Jacobs Levy Equity Management Inc. now owns 1,161,593 shares of the company's stock worth $2,323,000 after purchasing an additional 808,850 shares during the last quarter. Renaissance Technologies LLC raised its position in SelectQuote by 6.5% during the 2nd quarter. Renaissance Technologies LLC now owns 726,997 shares of the company's stock worth $2,007,000 after buying an additional 44,397 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in shares of SelectQuote by 14.1% in the 2nd quarter. Bank of New York Mellon Corp now owns 472,849 shares of the company's stock worth $1,305,000 after acquiring an additional 58,481 shares during the period. Panagora Asset Management Inc. lifted its stake in shares of SelectQuote by 85.5% in the 2nd quarter. Panagora Asset Management Inc. now owns 410,009 shares of the company's stock worth $1,132,000 after acquiring an additional 189,029 shares during the period. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of SelectQuote by 158.8% in the second quarter. Dimensional Fund Advisors LP now owns 278,224 shares of the company's stock valued at $768,000 after acquiring an additional 170,726 shares in the last quarter. 34.59% of the stock is owned by institutional investors and hedge funds.

SelectQuote Company Profile

SelectQuote, Inc operates a technology-enabled, direct-to-consumer distribution platform that sells a range of insurance products and healthcare services in the United States. The company operates through three segments: Senior; Life; and Auto & Home. It distributes senior health policies, such as medicare advantage, medicare supplement, medicare part D, and other ancillary senior health insurance related products, including prescription drugs, dental, vision, and hearing plans; life insurance products, such as term life, final expense, and other ancillary products, including critical illness, accidental death, and juvenile insurance; homeowners, auto, dwelling fire, and other ancillary insurance products; and non-commercial auto and home property, and casualty policies.