Prospect Capital Advisors LLC acquired a new position in shares of eHealth, Inc. (NASDAQ:EHTH) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 255,750 shares of the financial services provider’s stock, valued at approximately $9,826,000. eHealth makes up 5.8% of Prospect Capital Advisors LLC’s portfolio, making the stock its 7th largest holding.
Other hedge funds also recently made changes to their positions in the company. Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in eHealth during the 4th quarter worth $42,000. LS Investment Advisors LLC lifted its position in shares of eHealth by 316.8% in the 4th quarter. LS Investment Advisors LLC now owns 1,980 shares of the financial services provider’s stock worth $76,000 after buying an additional 1,505 shares during the last quarter. Municipal Employees Retirement System of Michigan bought a new position in shares of eHealth in the 4th quarter worth about $181,000. Ibex Investors LLC bought a new position in shares of eHealth in the 4th quarter worth about $223,000. Finally, Metropolitan Life Insurance Co. NY lifted its position in shares of eHealth by 312.4% in the 4th quarter. Metropolitan Life Insurance Co. NY now owns 5,832 shares of the financial services provider’s stock worth $224,000 after buying an additional 4,418 shares during the last quarter. 83.37% of the stock is owned by institutional investors.
In related news, CFO Derek N. Yung purchased 2,000 shares of the company’s stock in a transaction on Wednesday, February 27th. The shares were bought at an average cost of $55.36 per share, for a total transaction of $110,720.00. Following the transaction, the chief financial officer now owns 45,750 shares of the company’s stock, valued at $2,532,720. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Michael Goldberg sold 2,337 shares of the business’s stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $58.00, for a total transaction of $135,546.00. The disclosure for this sale can be found here. 4.14% of the stock is currently owned by insiders.
EHTH stock opened at $57.23 on Thursday. eHealth, Inc. has a 52 week low of $14.17 and a 52 week high of $67.44. The stock has a market cap of $1.28 billion, a price-to-earnings ratio of 91.45 and a beta of 1.36. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.45 and a current ratio of 0.45.
eHealth (NASDAQ:EHTH) last released its quarterly earnings results on Thursday, February 21st. The financial services provider reported $1.61 EPS for the quarter, missing analysts’ consensus estimates of $1.87 by ($0.26). eHealth had a return on equity of 3.81% and a net margin of 0.10%. The company had revenue of $134.92 million for the quarter, compared to the consensus estimate of $134.66 million. On average, research analysts expect that eHealth, Inc. will post 0.9 EPS for the current year.
eHealth, Inc provides private health insurance exchange services to individuals, families, and small businesses in the United States and China. The company operates through two segments, Medicare; and Individual, Family and Small Business. Its e-commerce platforms organize and present health insurance information in various formats that enable individuals, families, and small businesses to research, analyze, compare, and purchase a range of health insurance plans.
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