Proficio Capital Partners LLC Makes New Investment in Trupanion, Inc. (NASDAQ:TRUP)

Proficio Capital Partners LLC bought a new position in shares of Trupanion, Inc. (NASDAQ:TRUP - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 20,244 shares of the financial services provider's stock, valued at approximately $976,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Sigma Planning Corp acquired a new stake in Trupanion in the 3rd quarter valued at about $336,000. Entropy Technologies LP acquired a new stake in shares of Trupanion in the third quarter valued at approximately $202,000. GSA Capital Partners LLP raised its position in Trupanion by 51.3% in the 3rd quarter. GSA Capital Partners LLP now owns 10,487 shares of the financial services provider's stock worth $440,000 after purchasing an additional 3,554 shares during the last quarter. Victory Capital Management Inc. acquired a new position in Trupanion during the 3rd quarter worth $261,000. Finally, Check Capital Management Inc. CA boosted its position in Trupanion by 2.7% in the 3rd quarter. Check Capital Management Inc. CA now owns 41,460 shares of the financial services provider's stock valued at $1,740,000 after buying an additional 1,100 shares during the last quarter.

Trupanion Stock Performance

Shares of Trupanion stock traded up $0.74 during trading on Tuesday, reaching $33.20. The company's stock had a trading volume of 586,401 shares, compared to its average volume of 641,189. The firm has a market cap of $1.41 billion, a PE ratio of -144.35, a P/E/G ratio of 6.02 and a beta of 1.70. Trupanion, Inc. has a 52 week low of $19.69 and a 52 week high of $57.90. The company has a quick ratio of 1.66, a current ratio of 1.71 and a debt-to-equity ratio of 0.39. The business's 50-day moving average price is $43.80 and its 200-day moving average price is $47.42.

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Trupanion (NASDAQ:TRUP - Get Free Report) last posted its earnings results on Wednesday, February 19th. The financial services provider reported $0.04 earnings per share for the quarter, missing analysts' consensus estimates of $0.06 by ($0.02). Trupanion had a negative return on equity of 3.08% and a negative net margin of 0.75%. The company had revenue of $337.31 million for the quarter, compared to the consensus estimate of $335.41 million. Equities analysts forecast that Trupanion, Inc. will post 0.13 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. Stifel Nicolaus cut their price target on Trupanion from $44.00 to $41.00 and set a "hold" rating on the stock in a research note on Thursday, February 20th. Piper Sandler lowered their price target on shares of Trupanion from $57.00 to $52.00 and set an "overweight" rating for the company in a research report on Thursday, February 20th. Two analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $46.60.

Insiders Place Their Bets

In related news, insider Brenna Mcgibney sold 5,000 shares of Trupanion stock in a transaction that occurred on Friday, March 7th. The shares were sold at an average price of $32.99, for a total value of $164,950.00. Following the sale, the insider now owns 3,738 shares of the company's stock, valued at approximately $123,316.62. The trade was a 57.22 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Fawwad Qureshi sold 1,373 shares of the stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $34.22, for a total value of $46,984.06. Following the transaction, the chief financial officer now directly owns 2,416 shares of the company's stock, valued at approximately $82,675.52. This trade represents a 36.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 25,984 shares of company stock valued at $850,362. Corporate insiders own 5.50% of the company's stock.

About Trupanion

Trupanion, Inc, together with its subsidiaries, provides medical insurance for cats and dogs on a monthly subscription basis in the United States, Canada, Continental Europe, and Australia. The company operates in two segments, Subscription Business and Other Business. It serves pet owners and veterinarians.