Concurrent Investment Advisors LLC Invests $789,000 in Slide Insurance Holdings, Inc. $SLDE

Concurrent Investment Advisors LLC acquired a new position in Slide Insurance Holdings, Inc. (NASDAQ:SLDE) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 40,500 shares of the company’s stock, valued at approximately $789,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of SLDE. Raymond James Financial Inc. purchased a new stake in shares of Slide Insurance in the 2nd quarter worth $33,063,000. Capital World Investors increased its stake in shares of Slide Insurance by 49.4% in the 3rd quarter. Capital World Investors now owns 4,483,180 shares of the company’s stock worth $70,767,000 after purchasing an additional 1,483,180 shares in the last quarter. Balyasny Asset Management L.P. increased its stake in shares of Slide Insurance by 314.8% in the 3rd quarter. Balyasny Asset Management L.P. now owns 1,378,054 shares of the company’s stock worth $21,753,000 after purchasing an additional 1,045,826 shares in the last quarter. HB Wealth Management LLC increased its stake in shares of Slide Insurance by 1,375.7% in the 4th quarter. HB Wealth Management LLC now owns 892,586 shares of the company’s stock worth $17,388,000 after purchasing an additional 832,102 shares in the last quarter. Finally, Federated Hermes Inc. purchased a new stake in shares of Slide Insurance in the 3rd quarter worth $9,471,000.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the company. Wall Street Zen lowered Slide Insurance from a “buy” rating to a “hold” rating in a research note on Saturday, April 11th. Texas Capital upgraded Slide Insurance to a “strong-buy” rating in a research note on Wednesday, March 18th. Keefe, Bruyette & Woods upped their price objective on Slide Insurance from $22.00 to $23.00 and gave the stock an “outperform” rating in a research note on Monday, March 9th. Piper Sandler upped their price objective on Slide Insurance from $22.00 to $24.00 and gave the stock an “overweight” rating in a research note on Thursday, February 26th. Finally, Zacks Research lowered Slide Insurance from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 27th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $24.80.

Key Stories Impacting Slide Insurance

Here are the key news stories impacting Slide Insurance this week:

• Positive Sentiment: Q1 beat: Slide reported $1.02 EPS vs. $0.82 expected and $389.3M revenue, showing strong premium growth and improved profitability — a clear operational upside supporting the stock. Earnings Call Transcript
• Positive Sentiment: Board authorized a $100M share repurchase program (?4.3% of shares), a shareholder-friendly move that can boost EPS and signal management confidence. Repurchase Announcement
• Positive Sentiment: 2026 growth/guidance: Slide expects $1.85B–$1.95B in gross written premiums for 2026 and is arranging a ~ $3.5B first-event reinsurance tower — signals scale ambition and risk management as it grows. Guidance / Reinsurance
• Positive Sentiment: Institutional buying and new positions (including notable investors adding shares) suggest growing institutional conviction that could support demand. Institutional Interest
• Neutral Sentiment: Earnings call transcripts and management commentary are available for deeper diligence; the call provides color on reserve assumptions and reinsurance plans but no new surprise items. Earnings Call (Fool)
• Negative Sentiment: Heavy insider selling: CEO Bruce Lucas, COO Shannon Lucas and other insiders executed multiple large sales across late April (hundreds of thousands of shares across several tranches). Repeated, sizable disposals can create near-term selling pressure and raise investor caution. Bruce Lucas Sale
• Negative Sentiment: Analyst momentum: Zacks downgraded SLDE from “strong-buy” to “hold,” which may prompt short-term selling by momentum-driven funds despite the earnings beat. Zacks Downgrade

Slide Insurance Trading Down 0.3%

Shares of SLDE stock opened at $18.60 on Friday. Slide Insurance Holdings, Inc. has a 52-week low of $12.53 and a 52-week high of $25.90. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.34 and a current ratio of 1.34. The firm has a market capitalization of $2.13 billion and a PE ratio of 5.17. The stock has a fifty day simple moving average of $18.19 and a two-hundred day simple moving average of $17.39.

Slide Insurance (NASDAQ:SLDE) last issued its quarterly earnings results on Tuesday, April 28th. The company reported $1.02 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.82 by $0.20. Slide Insurance had a return on equity of 50.01% and a net margin of 38.86%.The business had revenue of $389.28 million during the quarter. On average, analysts predict that Slide Insurance Holdings, Inc. will post 3.36 EPS for the current fiscal year.

Slide Insurance declared that its Board of Directors has authorized a share buyback plan on Tuesday, April 28th that permits the company to buyback $100.00 million in shares. This buyback authorization permits the company to reacquire up to 4.3% of its stock through open market purchases. Stock buyback plans are usually an indication that the company’s leadership believes its stock is undervalued.

Insider Buying and Selling at Slide Insurance

In other news, CEO Bruce Lucas sold 273,702 shares of the firm’s stock in a transaction dated Thursday, April 9th. The stock was sold at an average price of $18.11, for a total transaction of $4,956,743.22. Following the completion of the transaction, the chief executive officer owned 37,620,933 shares in the company, valued at $681,315,096.63. This trade represents a 0.72% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders sold a total of 3,663,954 shares of company stock worth $67,551,017 in the last ninety days.

Slide Insurance 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.