Slide Insurance (NASDAQ:SLDE) Director Sells $198,000.00 in Stock

Slide Insurance Holdings, Inc. (NASDAQ:SLDE) Director Stephen Rohde sold 7,500 shares of the company’s stock in a transaction that occurred on Monday, September 14th. The shares were sold at an average price of $26.40, for a total value of $198,000.00. Following the completion of the sale, the director owned 7,500 shares in the company, valued at $198,000. The trade was a 50.00% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Slide Insurance Stock Performance

NASDAQ:SLDE opened at $24.95 on Friday. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.23 and a current ratio of 1.23. Slide Insurance Holdings, Inc. has a fifty-two week low of $13.26 and a fifty-two week high of $26.75. The company has a 50 day simple moving average of $22.39 and a two-hundred day simple moving average of $19.72. The company has a market capitalization of $2.91 billion, a PE ratio of 6.09 and a beta of 0.07.

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

Slide Insurance Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, August 28th. Shareholders of record on Friday, August 14th were given a dividend of $0.07 per share. 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 1.1%. Slide Insurance’s dividend payout ratio is 6.83%.

Analyst Ratings Changes

SLDE has been the subject of several research analyst reports. Keefe, Bruyette & Woods lifted their price objective on Slide Insurance from $24.00 to $26.00 and gave the stock an “outperform” rating in a research report on Monday, August 3rd. Citigroup restated an “outperform” rating on shares of Slide Insurance in a research report on Thursday, July 30th. Barclays raised their target price on Slide Insurance from $27.00 to $28.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 29th. Morgan Stanley set a $22.00 price target on Slide Insurance in a research note on Monday, August 3rd. Finally, Zacks Research upgraded Slide Insurance from a “hold” rating to a “strong-buy” rating in a report on Monday, August 3rd. Two equities research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $25.40.

Institutional Investors Weigh In On Slide Insurance

Institutional investors and hedge funds have recently made changes to their positions in the business. Comerica Bank lifted its position in Slide Insurance by 3,462.2% in the 4th quarter. Comerica Bank now owns 1,318 shares of the company’s stock valued at $26,000 after acquiring an additional 1,281 shares in the last quarter. Global Retirement Partners LLC purchased a new stake in shares of Slide Insurance in the second quarter worth approximately $39,000. Meeder Asset Management Inc. purchased a new stake in shares of Slide Insurance in the second quarter worth approximately $40,000. State of Wyoming bought a new position in shares of Slide Insurance in the first quarter valued at approximately $42,000. Finally, Caitong International Asset Management Co. Ltd lifted its holdings in shares of Slide Insurance by 4,839.2% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 2,519 shares of the company’s stock valued at $49,000 after purchasing an additional 2,468 shares in the last quarter.

About Slide Insurance

Slide Insurance is a technology-enabled property and casualty insurance company focused on personal residential coverage. Through its insurance operations, the company provides homeowners insurance and related products designed to protect homes and personal property against covered risks, including weather-related events.

Slide uses data-driven underwriting, digital tools and automated claims and policy-management capabilities to support the distribution and servicing of insurance policies.