Slide Insurance Holdings, Inc. (NASDAQ:SLDE – Get Free Report) COO Shannon Lucas sold 18,874 shares of Slide Insurance stock in a transaction that occurred on Tuesday, April 14th. The shares were sold at an average price of $18.04, for a total transaction of $340,486.96. Following the completion of the sale, the chief operating officer owned 1,382,574 shares of the company’s stock, valued at $24,941,634.96. This trade represents a 1.35% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.
Shannon Lucas also recently made the following trade(s):
- On Monday, April 13th, Shannon Lucas sold 25,621 shares of Slide Insurance stock. The shares were sold at an average price of $18.05, for a total transaction of $462,459.05.
- On Thursday, April 9th, Shannon Lucas sold 27,069 shares of Slide Insurance stock. The shares were sold at an average price of $18.11, for a total transaction of $490,219.59.
- On Wednesday, April 8th, Shannon Lucas sold 12,008 shares of Slide Insurance stock. The stock was sold at an average price of $18.01, for a total transaction of $216,264.08.
- On Tuesday, April 7th, Shannon Lucas sold 11,283 shares of Slide Insurance stock. The stock was sold at an average price of $18.00, for a total transaction of $203,094.00.
- On Monday, April 6th, Shannon Lucas sold 13,500 shares of Slide Insurance stock. The stock was sold at an average price of $18.09, for a total transaction of $244,215.00.
- On Monday, March 30th, Shannon Lucas sold 13,389 shares of Slide Insurance stock. The stock was sold at an average price of $18.09, for a total transaction of $242,207.01.
- On Wednesday, April 1st, Shannon Lucas sold 868 shares of Slide Insurance stock. The stock was sold at an average price of $18.01, for a total transaction of $15,632.68.
- On Tuesday, March 31st, Shannon Lucas sold 24,429 shares of Slide Insurance stock. The stock was sold at an average price of $18.10, for a total transaction of $442,164.90.
- On Tuesday, March 17th, Shannon Lucas sold 9,763 shares of Slide Insurance stock. The stock was sold at an average price of $18.44, for a total transaction of $180,029.72.
- On Monday, March 16th, Shannon Lucas sold 22,500 shares of Slide Insurance stock. The stock was sold at an average price of $18.13, for a total transaction of $407,925.00.
Slide Insurance Trading Up 3.3%
Shares of Slide Insurance stock traded up $0.60 during trading on Thursday, hitting $18.99. 2,181,181 shares of the stock were exchanged, compared to its average volume of 2,194,104. The firm’s 50-day moving average price is $17.84 and its 200 day moving average price is $17.16. Slide Insurance Holdings, Inc. has a 12-month low of $12.53 and a 12-month high of $25.90. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.34 and a quick ratio of 1.34.
Institutional Investors Weigh In On Slide Insurance
A number of institutional investors and hedge funds have recently made changes to their positions in the business. Comerica Bank raised its holdings in shares of Slide Insurance by 3,462.2% in the fourth quarter. Comerica Bank now owns 1,318 shares of the company’s stock valued at $26,000 after buying an additional 1,281 shares during the last quarter. Price T Rowe Associates Inc. MD raised its holdings in shares of Slide Insurance by 11.9% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 16,019 shares of the company’s stock valued at $313,000 after buying an additional 1,704 shares during the last quarter. CWM LLC purchased a new stake in shares of Slide Insurance in the fourth quarter valued at about $35,000. Ameritas Investment Partners Inc. purchased a new stake in shares of Slide Insurance in the third quarter valued at about $35,000. Finally, Aster Capital Management DIFC Ltd purchased a new stake in shares of Slide Insurance in the fourth quarter valued at about $47,000.
Wall Street Analyst Weigh In
Several research firms have recently issued reports on SLDE. Wall Street Zen cut shares of Slide Insurance from a “buy” rating to a “hold” rating in a research report on Saturday, April 11th. Zacks Research raised shares of Slide Insurance from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, March 17th. Keefe, Bruyette & Woods boosted their price target on shares of Slide Insurance from $22.00 to $23.00 and gave the company an “outperform” rating in a research report on Monday, March 9th. Texas Capital raised shares of Slide Insurance to a “strong-buy” rating in a research report on Wednesday, March 18th. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Slide Insurance in a research report on Friday, December 26th. Two investment analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $24.40.
View Our Latest Report on SLDE
Slide Insurance Company Profile
Launched in 2021, we are a technology enabled, fast-growing, coastal specialty insurer. We focus on profitable underwriting of single family and condominium policies in the property and casualty (“P&C”) industry in coastal states along the Atlantic seaboard through our insurance subsidiary, Slide Insurance Company (“SIC”). We utilize our differentiated technology and data-driven approach to focus on market opportunities that are underserved by other insurance companies. We acquire policies both from inorganic block acquisitions and subsequent renewals, as well as new business sales through a combination of independent agents and our direct-to-consumer(“DTC”) channel, through which we sell our insurance products directly to end consumers, without the use of retailers, brokers, agents or other intermediaries.
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