Pembroke Management LTD Invests $9.20 Million in Hagerty, Inc. (NYSE:HGTY)

Pembroke Management LTD bought a new position in Hagerty, Inc. (NYSE:HGTY - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 953,427 shares of the company's stock, valued at approximately $9,201,000. Pembroke Management LTD owned approximately 0.28% of Hagerty at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. R Squared Ltd acquired a new position in shares of Hagerty in the 4th quarter worth approximately $51,000. FMR LLC grew its position in shares of Hagerty by 25,769.2% in the 3rd quarter. FMR LLC now owns 6,726 shares of the company's stock worth $68,000 after acquiring an additional 6,700 shares in the last quarter. Blue Trust Inc. lifted its holdings in shares of Hagerty by 178.6% in the 3rd quarter. Blue Trust Inc. now owns 10,542 shares of the company's stock worth $110,000 after purchasing an additional 6,758 shares during the last quarter. PDT Partners LLC bought a new stake in shares of Hagerty in the 3rd quarter worth approximately $185,000. Finally, Goldstone Financial Group LLC bought a new stake in shares of Hagerty in the 3rd quarter worth approximately $236,000. Institutional investors and hedge funds own 20.51% of the company's stock.

Hagerty Stock Performance

Shares of NYSE HGTY traded down $0.02 during mid-day trading on Friday, hitting $10.04. The company had a trading volume of 33,746 shares, compared to its average volume of 46,634. The stock has a market cap of $3.42 billion, a price-to-earnings ratio of 91.27 and a beta of 0.85. Hagerty, Inc. has a 12 month low of $8.27 and a 12 month high of $12.35. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.01 and a quick ratio of 1.01. The firm's 50 day simple moving average is $9.92 and its two-hundred day simple moving average is $10.67.

Analyst Upgrades and Downgrades

Separately, Raymond James downgraded Hagerty from a "market perform" rating to an "underperform" rating in a report on Thursday, December 26th.

Insider Buying and Selling

In other Hagerty news, Director Robert I. Kauffman sold 6,355 shares of Hagerty stock in a transaction on Tuesday, December 3rd. The stock was sold at an average price of $11.79, for a total transaction of $74,925.45. Following the sale, the director now owns 4,560,989 shares of the company's stock, valued at $53,774,060.31. The trade was a 0.14 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In the last 90 days, insiders have sold 143,652 shares of company stock valued at $1,462,699. Insiders own 17.90% of the company's stock.

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.