GSA Capital Partners LLP lessened its stake in shares of Health Insurance Innovations Inc (NASDAQ:HIIQ) by 55.7% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 22,981 shares of the financial services provider’s stock after selling 28,840 shares during the quarter. GSA Capital Partners LLP owned approximately 0.14% of Health Insurance Innovations worth $1,417,000 at the end of the most recent quarter.
Other large investors also recently added to or reduced their stakes in the company. Harvest Fund Management Co. Ltd purchased a new stake in shares of Health Insurance Innovations during the third quarter valued at approximately $119,000. Sawtooth Solutions LLC purchased a new stake in shares of Health Insurance Innovations during the third quarter valued at approximately $211,000. Cim LLC purchased a new stake in shares of Health Insurance Innovations during the third quarter valued at approximately $246,000. Thompson Siegel & Walmsley LLC purchased a new stake in shares of Health Insurance Innovations during the second quarter valued at approximately $259,000. Finally, Quantitative Systematic Strategies LLC purchased a new stake in shares of Health Insurance Innovations during the second quarter valued at approximately $310,000. 78.63% of the stock is owned by hedge funds and other institutional investors.
Shares of Health Insurance Innovations stock opened at $32.77 on Friday. The company has a market cap of $581.93 million, a P/E ratio of 21.20 and a beta of 0.90. Health Insurance Innovations Inc has a 52 week low of $21.20 and a 52 week high of $63.13.
Health Insurance Innovations (NASDAQ:HIIQ) last announced its earnings results on Monday, October 29th. The financial services provider reported $0.61 EPS for the quarter, beating analysts’ consensus estimates of $0.59 by $0.02. The company had revenue of $74.00 million during the quarter, compared to the consensus estimate of $73.39 million. Health Insurance Innovations had a return on equity of 20.81% and a net margin of 4.89%. The firm’s revenue for the quarter was up 16.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.46 earnings per share. On average, research analysts expect that Health Insurance Innovations Inc will post 1.93 EPS for the current year.
HIIQ has been the subject of a number of analyst reports. Zacks Investment Research raised Health Insurance Innovations from a “strong sell” rating to a “hold” rating in a research note on Wednesday, November 28th. BidaskClub lowered Health Insurance Innovations from a “strong-buy” rating to a “buy” rating in a research note on Thursday, October 4th. ValuEngine lowered Health Insurance Innovations from a “buy” rating to a “hold” rating in a research note on Tuesday, November 27th. TheStreet raised Health Insurance Innovations from a “c” rating to a “b-” rating in a research note on Wednesday, October 31st. Finally, Cantor Fitzgerald restated a “buy” rating and set a $65.00 target price on shares of Health Insurance Innovations in a report on Friday, November 16th. Three investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $55.62.
TRADEMARK VIOLATION WARNING: This piece of content was first reported by American Banking News and is the sole property of of American Banking News. If you are reading this piece of content on another domain, it was copied illegally and reposted in violation of United States & international copyright and trademark law. The correct version of this piece of content can be read at https://www.americanbankingnews.com/2018/12/08/gsa-capital-partners-llp-has-1-42-million-stake-in-health-insurance-innovations-inc-hiiq.html.
About Health Insurance Innovations
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.
Featured Article: What is Liquidity?
Want to see what other hedge funds are holding HIIQ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Health Insurance Innovations Inc (NASDAQ:HIIQ).
Receive News & Ratings for Health Insurance Innovations Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Health Insurance Innovations and related companies with MarketBeat.com's FREE daily email newsletter.