Hagerty, Inc. (NYSE:HGTY - Get Free Report) saw a significant drop in short interest in November. As of November 30th, there was short interest totalling 300,700 shares, a drop of 7.9% from the November 15th total of 326,600 shares. Based on an average daily trading volume, of 75,700 shares, the short-interest ratio is presently 4.0 days. Approximately 0.4% of the shares of the stock are short sold.
Insider Buying and Selling
In other news, Director Robert I. Kauffman sold 2,481 shares of the business's stock in a transaction dated Monday, September 23rd. The stock was sold at an average price of $10.75, for a total transaction of $26,670.75. Following the completion of the transaction, the director now owns 5,154,354 shares of the company's stock, valued at approximately $55,409,305.50. The trade was a 0.05 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last quarter, insiders have sold 268,037 shares of company stock worth $2,970,375. Corporate insiders own 17.90% of the company's stock.
Institutional Trading of Hagerty
Hedge funds and other institutional investors have recently bought and sold shares of the company. Blue Trust Inc. bought a new stake in shares of Hagerty in the 2nd quarter worth approximately $39,000. FMR LLC raised its position in 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 purchasing an additional 6,700 shares during the period. Algert Global LLC bought a new stake in Hagerty in the second quarter worth $108,000. Dimensional Fund Advisors LP purchased a new stake in Hagerty during the second quarter valued at about $139,000. Finally, PDT Partners LLC bought a new position in shares of Hagerty during the third quarter valued at about $185,000. Hedge funds and other institutional investors own 20.51% of the company's stock.
Hagerty Price Performance
HGTY stock traded down $0.11 during mid-day trading on Monday, hitting $10.98. 68,860 shares of the stock were exchanged, compared to its average volume of 81,568. The business has a fifty day moving average price of $11.07 and a 200 day moving average price of $10.90. Hagerty has a 12 month low of $7.68 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 stock has a market capitalization of $3.74 billion, a price-to-earnings ratio of 100.82 and a beta of 0.80.
About Hagerty
(
Get Free Report)
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.
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