22,328 Shares in Slide Insurance Holdings, Inc. $SLDE Purchased by Two Sigma Securities LLC

Two Sigma Securities LLC purchased a new stake in shares of Slide Insurance Holdings, Inc. (NASDAQ:SLDE) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 22,328 shares of the company’s stock, valued at approximately $432,000.

A number of other large investors have also added to or reduced their stakes in SLDE. BlackRock Inc. purchased a new position in shares of Slide Insurance in the second quarter valued at $98,538,000. Hsbc Holdings PLC purchased a new position in shares of Slide Insurance in the 2nd quarter worth $1,077,000. World Investment Advisors bought a new stake in shares of Slide Insurance in the 4th quarter worth about $1,964,000. Axis Wealth Partners LLC increased its holdings in shares of Slide Insurance by 100.0% in the 1st quarter. Axis Wealth Partners LLC now owns 203,502 shares of the company’s stock worth $3,663,000 after buying an additional 101,751 shares during the last quarter. Finally, Emerald Mutual Fund Advisers Trust raised its position in shares of Slide Insurance by 24.9% during the 1st quarter. Emerald Mutual Fund Advisers Trust now owns 459,820 shares of the company’s stock valued at $8,277,000 after buying an additional 91,610 shares in the last quarter.

Slide Insurance Stock Up 3.8%

Shares of NASDAQ:SLDE opened at $24.18 on Thursday. The business’s 50 day moving average is $21.23 and its 200 day moving average is $19.11. The stock has a market cap of $2.82 billion, a P/E ratio of 5.90 and a beta of 0.07. Slide Insurance Holdings, Inc. has a 52-week low of $12.53 and a 52-week high of $24.22. The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 0.02.

Slide Insurance (NASDAQ:SLDE) last issued its earnings results on Tuesday, July 28th. The company reported $1.06 earnings per share for the quarter, beating analysts’ consensus estimates of $0.88 by $0.18. Slide Insurance had a return on equity of 50.69% and a net margin of 40.02%.The business had revenue of $386.82 million during the quarter. Sell-side analysts predict that Slide Insurance Holdings, Inc. will post 3.79 EPS for the current year.

Slide Insurance Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 28th. Investors of record on Friday, August 14th were paid a $0.07 dividend. The ex-dividend date of this dividend was Friday, August 14th. This represents a $0.28 dividend on an annualized basis and a yield of 1.2%. Slide Insurance’s dividend payout ratio is 6.83%.

Analyst Upgrades and Downgrades

Several research analysts recently commented on SLDE shares. Citigroup reiterated an “outperform” rating on shares of Slide Insurance in a research report on Thursday, July 30th. Weiss Ratings upgraded Slide Insurance from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, August 27th. Morgan Stanley set a $22.00 target price on shares of Slide Insurance in a report on Monday, August 3rd. Citizens Jmp upped their price target on shares of Slide Insurance from $25.00 to $27.00 and gave the company a “market outperform” rating in a report on Thursday, July 30th. Finally, Keefe, Bruyette & Woods increased their price objective on shares of Slide Insurance from $24.00 to $26.00 and gave the stock an “outperform” rating in a research report on Monday, August 3rd. Two research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Slide Insurance presently has an average rating of “Buy” and an average target price of $25.40.

Insider Buying and Selling at Slide Insurance

In other news, Director Andrew Pardo Wright sold 15,000 shares of the business’s stock in a transaction dated Monday, June 29th. The shares were sold at an average price of $19.51, for a total value of $292,650.00. Following the completion of the sale, the director owned 18,998 shares in the company, valued at approximately $370,650.98. The trade was a 44.12% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Stephen L. Rohde sold 5,000 shares of the company’s stock in a transaction that occurred on Friday, August 14th. The stock was sold at an average price of $21.89, for a total transaction of $109,450.00. Following the completion of the sale, the director directly owned 5,000 shares of the company’s stock, valued at $109,450. The trade was a 50.00% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 491,691 shares of company stock valued at $9,021,426 in the last ninety days. 50.80% of the stock is owned by insiders.

About Slide Insurance

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.