GSA Capital Partners LLP acquired a new position in shares of SelectQuote, Inc. (NYSE:SLQT – Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 1,335,569 shares of the company’s stock, valued at approximately $1,123,000. GSA Capital Partners LLP owned approximately 0.76% of SelectQuote as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Renaissance Technologies LLC lifted its stake in SelectQuote by 817.6% during the 1st quarter. Renaissance Technologies LLC now owns 1,021,239 shares of the company’s stock valued at $643,000 after acquiring an additional 909,939 shares in the last quarter. CIBC Bancorp USA Inc. bought a new stake in shares of SelectQuote in the 3rd quarter worth $29,000. Dynamic Technology Lab Private Ltd bought a new stake in shares of SelectQuote in the 3rd quarter worth $27,000. Bryn Mawr Trust Advisors LLC purchased a new stake in shares of SelectQuote in the second quarter valued at about $271,000. Finally, Empowered Funds LLC raised its holdings in shares of SelectQuote by 10.4% in the first quarter. Empowered Funds LLC now owns 491,568 shares of the company’s stock valued at $309,000 after purchasing an additional 46,258 shares during the last quarter. 34.59% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
A number of brokerages have issued reports on SLQT. Weiss Ratings raised shares of SelectQuote from a “sell (d)” rating to a “sell (d+)” rating in a research report on Thursday, July 9th. Noble Financial raised shares of SelectQuote to a “strong-buy” rating in a research report on Wednesday, May 6th. Finally, Zacks Research downgraded SelectQuote from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 1st. One investment analyst has rated the stock with a Strong Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $3.00.
SelectQuote Stock Down 0.5%
SLQT opened at $0.73 on Tuesday. SelectQuote, Inc. has a twelve month low of $0.56 and a twelve month high of $2.77. The company’s 50-day moving average price is $0.79 and its two-hundred day moving average price is $0.85. The stock has a market cap of $127.87 million, a price-to-earnings ratio of 8.06 and a beta of 1.66. The company has a quick ratio of 5.63, a current ratio of 5.63 and a debt-to-equity ratio of 0.92.
SelectQuote Profile
SelectQuote, Inc (NYSE: SLQT) is a U.S.-based insurance brokerage and lead generation company that connects consumers with a range of insurance products through proprietary technology and licensed agents. The company specializes in life insurance, supplemental health coverage and Medicare plans, leveraging its digital platform and call center operations to help individuals compare policies and find cost-effective solutions tailored to their needs.
Through a single point of contact, policy seekers can evaluate offerings from multiple carriers, including term life, whole life, accidental death, critical illness and long-term care products.
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