Slide Insurance (NASDAQ:SLDE) Insider Sells $218,137.50 in Stock

Slide Insurance Holdings, Inc. (NASDAQ:SLDE) insider Matthew Paul Larson sold 11,250 shares of the stock in a transaction dated Monday, April 20th. The stock was sold at an average price of $19.39, for a total transaction of $218,137.50. Following the transaction, the insider owned 8,750 shares in the company, valued at approximately $169,662.50. The trade was a 56.25% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Matthew Paul Larson also recently made the following trade(s):

• On Thursday, April 16th, Matthew Paul Larson sold 8,750 shares of Slide Insurance stock. The stock was sold at an average price of $19.00, for a total transaction of $166,250.00.
• On Monday, April 13th, Matthew Paul Larson sold 10,000 shares of Slide Insurance stock. The stock was sold at an average price of $18.00, for a total transaction of $180,000.00.
• On Monday, April 6th, Matthew Paul Larson sold 11,250 shares of Slide Insurance stock. The stock was sold at an average price of $18.00, for a total transaction of $202,500.00.
• On Monday, March 30th, Matthew Paul Larson sold 11,250 shares of Slide Insurance stock. The stock was sold at an average price of $18.00, for a total transaction of $202,500.00.
• On Tuesday, March 24th, Matthew Paul Larson sold 11,250 shares of Slide Insurance stock. The stock was sold at an average price of $18.00, for a total transaction of $202,500.00.
• On Tuesday, March 3rd, Matthew Paul Larson sold 11,250 shares of Slide Insurance stock. The stock was sold at an average price of $19.01, for a total transaction of $213,862.50.

Slide Insurance Trading Down 0.9%

Shares of SLDE stock opened at $18.81 on Thursday. The firm has a market cap of $2.34 billion and a P/E ratio of 7.29. Slide Insurance Holdings, Inc. has a 1-year low of $12.53 and a 1-year 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. The firm’s 50-day simple moving average is $17.99 and its 200-day simple moving average is $17.29.

Slide Insurance (NASDAQ:SLDE) last announced its quarterly earnings data on Tuesday, February 24th. The company reported $1.23 earnings per share for the quarter, topping the consensus estimate of $0.87 by $0.36. The company had revenue of $347.01 million for the quarter. As a group, equities analysts forecast that Slide Insurance Holdings, Inc. will post 3.26 EPS for the current year.

Institutional Trading of Slide Insurance

Several large investors have recently bought and sold shares of the company. Sterling Capital Management LLC grew its position in Slide Insurance by 1,617.1% in the first quarter. Sterling Capital Management LLC now owns 17,600 shares of the company’s stock valued at $317,000 after acquiring an additional 16,575 shares in the last quarter. Hsbc Holdings PLC acquired a new stake in Slide Insurance in the fourth quarter valued at approximately $382,000. World Investment Advisors acquired a new stake in Slide Insurance in the fourth quarter valued at approximately $1,964,000. Caitong International Asset Management Co. Ltd grew its position in Slide Insurance by 4,839.2% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 2,519 shares of the company’s stock valued at $49,000 after acquiring an additional 2,468 shares in the last quarter. Finally, Invesco Ltd. grew its position in Slide Insurance by 35.1% in the fourth quarter. Invesco Ltd. now owns 20,066 shares of the company’s stock valued at $391,000 after acquiring an additional 5,212 shares in the last quarter.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on SLDE. Zacks Research raised shares of Slide Insurance from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, March 17th. Piper Sandler increased their target price on shares of Slide Insurance from $22.00 to $24.00 and gave the stock an “overweight” rating in a research report on Thursday, February 26th. Texas Capital raised shares of Slide Insurance to a “strong-buy” rating in a research report on Wednesday, March 18th. Barclays increased their target price on shares of Slide Insurance from $25.00 to $29.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 25th. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Slide Insurance in a research report on Friday, December 26th. Two research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $24.40.

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.