Health Insurance Innovations Inc (HIIQ) Holdings Trimmed by Peregrine Capital Management LLC

Peregrine Capital Management LLC lessened its position in shares of Health Insurance Innovations Inc (NASDAQ:HIIQ) by 15.1% in the third quarter, according to its most recent filing with the SEC. The firm owned 197,489 shares of the financial services provider’s stock after selling 35,109 shares during the quarter. Peregrine Capital Management LLC owned approximately 1.18% of Health Insurance Innovations worth $12,175,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in HIIQ. Ladenburg Thalmann Financial Services Inc. acquired a new stake in Health Insurance Innovations during the 1st quarter valued at approximately $143,000. Thompson Siegel & Walmsley LLC acquired a new stake in Health Insurance Innovations during the 2nd quarter valued at approximately $259,000. Quantitative Systematic Strategies LLC acquired a new stake in Health Insurance Innovations during the 2nd quarter valued at approximately $310,000. Gamco Investors INC. ET AL increased its position in Health Insurance Innovations by 38.7% during the 2nd quarter. Gamco Investors INC. ET AL now owns 10,400 shares of the financial services provider’s stock valued at $336,000 after purchasing an additional 2,900 shares during the period. Finally, Barclays PLC increased its position in Health Insurance Innovations by 102.5% during the 1st quarter. Barclays PLC now owns 13,036 shares of the financial services provider’s stock valued at $377,000 after purchasing an additional 6,598 shares during the period. 86.89% of the stock is owned by institutional investors and hedge funds.

In other Health Insurance Innovations news, CEO of HealthPocket, Inc. division Bruce Telkamp sold 7,517 shares of the stock in a transaction that occurred on Monday, August 6th. The stock was sold at an average price of $43.20, for a total transaction of $324,734.40. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Sheldon Wang sold 6,593 shares of the stock in a transaction that occurred on Monday, August 6th. The stock was sold at an average price of $43.33, for a total value of $285,674.69. The disclosure for this sale can be found here. Insiders have sold a total of 24,110 shares of company stock worth $980,909 over the last 90 days. Company insiders own 55.94% of the company’s stock.

Health Insurance Innovations stock opened at $47.51 on Friday. The company has a market cap of $817.16 million, a price-to-earnings ratio of 32.24 and a beta of 0.54. Health Insurance Innovations Inc has a 52-week low of $18.45 and a 52-week high of $63.13.

Health Insurance Innovations (NASDAQ:HIIQ) last posted its quarterly earnings results on Wednesday, August 1st. The financial services provider reported $0.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.58 by $0.03. The firm had revenue of $71.70 million for the quarter, compared to analysts’ expectations of $70.51 million. Health Insurance Innovations had a return on equity of 19.43% and a net margin of 5.39%. The company’s revenue for the quarter was up 16.0% compared to the same quarter last year. During the same period in the prior year, the business earned $0.46 EPS. On average, sell-side analysts anticipate that Health Insurance Innovations Inc will post 1.97 earnings per share for the current fiscal year.

A number of analysts have weighed in on the stock. B. Riley increased their target price on shares of Health Insurance Innovations from $45.00 to $56.00 and gave the company a “buy” rating in a research report on Tuesday, August 7th. ValuEngine downgraded shares of Health Insurance Innovations from a “strong-buy” rating to a “buy” rating in a research report on Tuesday. Zacks Investment Research raised shares of Health Insurance Innovations from a “hold” rating to a “buy” rating and set a $36.00 target price for the company in a research report on Tuesday, July 31st. BidaskClub cut Health Insurance Innovations from a “strong-buy” rating to a “buy” rating in a report on Thursday, October 4th. Finally, Cantor Fitzgerald restated a “buy” rating and set a $60.00 price target on shares of Health Insurance Innovations in a report on Monday, July 30th. One investment analyst has rated the stock with a hold rating and nine have issued a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $48.83.

Health Insurance Innovations Profile

Health Insurance Innovations, Inc operates as a cloud-based technology platform and distributor of individual and family health insurance plans, and supplemental products in the United States. It offers short-term medical plans that provides three months of health insurance coverage with various deductible and copay levels; health benefit insurance plans, which offer daily cash benefit for hospital treatment and doctor office visits, as well as accidental injury and death or dismemberment benefits; and supplemental insurance products, including pharmacy benefit cards, dental plans, vision plans, cancer/critical illness plans, deductible and gap protection plans, and life insurance policies.

Further Reading: What is the balance sheet?

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Institutional Ownership by Quarter for Health Insurance Innovations (NASDAQ:HIIQ)

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