MYDA Advisors LLC Invests $2.44 Million in SiriusPoint Ltd. (NYSE:SPNT)

MYDA Advisors LLC purchased a new position in SiriusPoint Ltd. (NYSE:SPNT) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 240,000 shares of the company’s stock, valued at approximately $2,441,000. MYDA Advisors LLC owned approximately 0.25% of SiriusPoint at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of SPNT. Fieldpoint Private Securities LLC bought a new position in shares of SiriusPoint in the first quarter worth approximately $25,000. The PNC Financial Services Group Inc. bought a new position in SiriusPoint during the first quarter valued at approximately $40,000. Zurcher Kantonalbank Zurich Cantonalbank bought a new position in SiriusPoint during the first quarter valued at approximately $105,000. Royce & Associates LP bought a new position in SiriusPoint during the first quarter valued at approximately $107,000. Finally, Wedge Capital Management L L P NC bought a new position in SiriusPoint during the first quarter valued at approximately $113,000. Institutional investors own 42.27% of the company’s stock.

In related news, insider Daniel V. Malloy sold 61,964 shares of SiriusPoint stock in a transaction dated Tuesday, May 25th. The stock was sold at an average price of $10.49, for a total value of $650,002.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Franklin Iv Montross acquired 10,000 shares of SiriusPoint stock in a transaction that occurred on Monday, March 15th. The stock was acquired at an average price of $11.04 per share, with a total value of $110,400.00. 8.93% of the stock is owned by insiders.

Separately, TheStreet upgraded shares of SiriusPoint from a “c” rating to a “b” rating in a research report on Friday, March 5th.

Shares of SiriusPoint stock traded up $0.23 on Friday, hitting $10.82. The stock had a trading volume of 2,705 shares, compared to its average volume of 451,627. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.72 and a current ratio of 0.72. SiriusPoint Ltd. has a one year low of $6.74 and a one year high of $11.50. The firm has a market cap of $1.75 billion, a PE ratio of 2.33 and a beta of 1.18. The firm has a 50-day moving average of $10.53.

SiriusPoint (NYSE:SPNT) last announced its quarterly earnings data on Monday, May 10th. The company reported $1.05 EPS for the quarter, beating the consensus estimate of $0.60 by $0.45. SiriusPoint had a return on equity of 27.19% and a net margin of 33.31%.

SiriusPoint Company Profile

SiriusPoint Ltd. provides specialty property and casualty reinsurance products to insurance and reinsurance companies worldwide. It underwrites homeowners' and commercial, workers' compensation, personal and and commercial automobile, mortgage, and multi-line reinsurance products; professional, transactional, and general liability reinsurance products; and cyber, marine, travel, and extended warranty reinsurance products.

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Institutional Ownership by Quarter for SiriusPoint (NYSE:SPNT)

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