Hagerty (NYSE:HGTY) Trading Down 3.7%

Hagerty, Inc. (NYSE:HGTY – Get Rating)’s stock price fell 3.7% on Friday . The stock traded as low as $8.57 and last traded at $8.65. 46,561 shares were traded during trading, a decline of 56% from the average session volume of 106,652 shares. The stock had previously closed at $8.98.

Wall Street Analyst Weigh In

Separately, TheStreet cut Hagerty from a “c-” rating to a “d” rating in a report on Tuesday, April 4th.

Hagerty Stock Down 0.7 %

The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 0.25. The company has a fifty day simple moving average of $9.00 and a two-hundred day simple moving average of $8.95.

Hagerty (NYSE:HGTY – Get Rating) last announced its quarterly earnings data on Tuesday, March 14th. The company reported ($0.10) earnings per share for the quarter, missing the consensus estimate of ($0.08) by ($0.02). The company had revenue of $197.00 million during the quarter, compared to analyst estimates of $198.58 million. Hagerty had a net margin of 0.29% and a negative return on equity of 11.06%. As a group, equities research analysts forecast that Hagerty, Inc. will post 0.02 EPS for the current fiscal year.

Hedge Funds Weigh In On Hagerty

Several hedge funds and other institutional investors have recently modified their holdings of HGTY. Raymond James & Associates bought a new position in shares of Hagerty in the 1st quarter valued at $128,000. Citigroup Inc. bought a new stake in Hagerty during the 1st quarter worth $61,000. BlackRock Inc. bought a new stake in Hagerty during the 1st quarter worth $3,594,000. Sei Investments Co. grew its position in Hagerty by 34.1% during the 1st quarter. Sei Investments Co. now owns 187,263 shares of the company’s stock worth $2,021,000 after acquiring an additional 47,619 shares during the last quarter. Finally, Vanguard Group Inc. grew its position in Hagerty by 39.4% during the 1st quarter. Vanguard Group Inc. now owns 1,263,265 shares of the company’s stock worth $13,631,000 after acquiring an additional 356,937 shares during the last quarter. Institutional investors own 20.30% of the company’s stock.

About Hagerty

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Hagerty, Inc provides insurance agency services worldwide. It offers automobile and boat insurance products; and reinsurance products. The company also provides Hagerty Media, which publishes contents through the HDC Magazine, video content, YouTube channel; HDC that offers subscription based products and services, including HDC Magazine, automotive enthusiast events, proprietary vehicle valuation tools, emergency roadside services, and special vehicle-related discounts; HVT, a valuation tool used by the customer to access current and historic pricing data of collector car, truck, SUV, and motorcycle models; and Hagerty Events, an eclectic mix of small and large events.