GSA Capital Partners LLP Invests $1.12 Million in SelectQuote, Inc. $SLQT

GSA Capital Partners LLP acquired a new position in SelectQuote, Inc. (NYSE:SLQT) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 1,335,569 shares of the company’s stock, valued at approximately $1,123,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in SLQT. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in SelectQuote by 6.4% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 81,854 shares of the company’s stock valued at $273,000 after purchasing an additional 4,947 shares during the last quarter. Russell Investments Group Ltd. increased its stake in shares of SelectQuote by 90.7% in the second quarter. Russell Investments Group Ltd. now owns 16,133 shares of the company’s stock worth $38,000 after purchasing an additional 7,675 shares in the last quarter. Ameriprise Financial Inc. increased its stake in shares of SelectQuote by 9.5% in the second quarter. Ameriprise Financial Inc. now owns 91,765 shares of the company’s stock worth $218,000 after purchasing an additional 7,960 shares in the last quarter. Creative Planning raised its position in shares of SelectQuote by 8.5% in the second quarter. Creative Planning now owns 121,597 shares of the company’s stock valued at $289,000 after purchasing an additional 9,504 shares during the period. Finally, Nations Financial Group Inc. IA ADV raised its position in shares of SelectQuote by 61.5% in the fourth quarter. Nations Financial Group Inc. IA ADV now owns 31,500 shares of the company’s stock valued at $44,000 after purchasing an additional 12,000 shares during the period. 34.59% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently commented on SLQT. Noble Financial upgraded shares of SelectQuote to a “strong-buy” rating in a research note on Wednesday, May 6th. Weiss Ratings raised SelectQuote from a “sell (d)” rating to a “sell (d+)” rating in a report on Thursday, July 9th. Finally, Zacks Research cut SelectQuote from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 1st. One equities research 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. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $3.00.

SelectQuote Price Performance

Shares of NYSE:SLQT opened at $0.73 on Tuesday. The company has a 50 day moving average of $0.79 and a 200 day moving average of $0.85. The company has a current ratio of 5.63, a quick ratio of 5.63 and a debt-to-equity ratio of 0.92. The stock has a market cap of $127.87 million, a P/E ratio of 8.06 and a beta of 1.66. SelectQuote, Inc. has a 12 month low of $0.56 and a 12 month high of $2.77.

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.