Harvest Capital Strategies LLC cut its stake in Health Insurance Innovations Inc (NASDAQ:HIIQ) by 14.4% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 321,150 shares of the financial services provider’s stock after selling 53,850 shares during the quarter. Health Insurance Innovations comprises about 1.4% of Harvest Capital Strategies LLC’s holdings, making the stock its 18th biggest holding. Harvest Capital Strategies LLC owned about 1.94% of Health Insurance Innovations worth $8,013,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors also recently modified their holdings of HIIQ. Advisors Asset Management Inc. bought a new position in Health Insurance Innovations in the 3rd quarter worth $142,000. Nationwide Fund Advisors bought a new position in Health Insurance Innovations in the 2nd quarter worth $149,000. Chicago Equity Partners LLC bought a new position in Health Insurance Innovations in the 3rd quarter worth $158,000. First Trust Advisors LP bought a new position in Health Insurance Innovations in the 3rd quarter worth $171,000. Finally, The Manufacturers Life Insurance Company raised its holdings in Health Insurance Innovations by 7,616.4% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 8,951 shares of the financial services provider’s stock worth $210,000 after purchasing an additional 8,835 shares in the last quarter. Institutional investors and hedge funds own 79.36% of the company’s stock.
In related news, CTO Sheldon Wang sold 5,000 shares of the stock in a transaction dated Friday, December 15th. The shares were sold at an average price of $27.40, for a total transaction of $137,000.00. Following the sale, the chief technology officer now directly owns 194,001 shares of the company’s stock, valued at approximately $5,315,627.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Over the last quarter, insiders sold 92,464 shares of company stock valued at $2,553,800. 30.00% of the stock is owned by company insiders.
Health Insurance Innovations Inc (NASDAQ HIIQ) opened at $31.00 on Wednesday. The stock has a market cap of $511.17, a PE ratio of 12.21 and a beta of 0.42. Health Insurance Innovations Inc has a 12 month low of $12.65 and a 12 month high of $37.38.
Health Insurance Innovations (NASDAQ:HIIQ) last issued its quarterly earnings results on Wednesday, February 28th. The financial services provider reported $0.37 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.34 by $0.03. The company had revenue of $69.50 million during the quarter, compared to analyst estimates of $59.93 million. Health Insurance Innovations had a net margin of 7.14% and a return on equity of 21.27%. Health Insurance Innovations’s revenue was up 35.2% on a year-over-year basis. equities analysts expect that Health Insurance Innovations Inc will post 1.95 EPS for the current year.
Health Insurance Innovations Company Profile
Health Insurance Innovations, Inc is a developer, distributor and cloud-based administrator of individual and family health insurance plans (IFPs) and supplemental products, which include short-term medical (STM) insurance plans, and guaranteed-issue and underwritten hospital indemnity plans. The Company also develops, distributes and administers supplemental products, which include a range of additional insurance and non-insurance products, such as pharmacy benefit cards, dental plans, vision plans, cancer/critical illness plans, deductible and gap protection plans, and life insurance policies that are purchased as supplements to IFP.
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