SelectQuote, Inc. (NYSE:SLQT) Short Interest Up 38.9% in February

SelectQuote, Inc. (NYSE:SLQT) saw a large increase in short interest during the month of February. As of February 28th, there was short interest totalling 2,180,000 shares, an increase of 38.9% from the February 13th total of 1,570,000 shares. Based on an average trading volume of 1,890,000 shares, the days-to-cover ratio is presently 1.2 days. Currently, 1.6% of the company’s shares are short sold.

Insider Activity

In other news, insider Sarah Taylor Anderson sold 50,000 shares of the company’s stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $5.44, for a total transaction of $272,000.00. Following the completion of the transaction, the insider now owns 1,166 shares of the company’s stock, valued at $6,343.04. This represents a 97.72 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 11.40% of the company’s stock.

Hedge Funds Weigh In On SelectQuote

A number of institutional investors and hedge funds have recently bought and sold shares of SLQT. Mason Investment Advisory Services Inc. boosted its holdings in SelectQuote by 33.3% in the 3rd quarter. Mason Investment Advisory Services Inc. now owns 20,000 shares of the company’s stock worth $43,000 after acquiring an additional 5,000 shares during the period. OneDigital Investment Advisors LLC purchased a new position in SelectQuote in the 4th quarter worth approximately $46,000. Oppenheimer & Co. Inc. purchased a new position in shares of SelectQuote during the 4th quarter valued at approximately $47,000. Cibc World Markets Corp purchased a new position in shares of SelectQuote during the 4th quarter valued at approximately $47,000. Finally, Bayesian Capital Management LP purchased a new position in shares of SelectQuote during the 4th quarter valued at approximately $55,000. Hedge funds and other institutional investors own 34.59% of the company’s stock.

SelectQuote Trading Up 5.3 %

SLQT traded up $0.19 on Friday, reaching $3.65. 1,026,152 shares of the company’s stock were exchanged, compared to its average volume of 1,275,009. The company’s 50 day moving average is $4.42 and its 200-day moving average is $3.29. The company has a market cap of $627.46 million, a price-to-earnings ratio of -40.50 and a beta of 1.13. SelectQuote has a twelve month low of $1.48 and a twelve month high of $6.86. The company has a debt-to-equity ratio of 2.10, a quick ratio of 6.36 and a current ratio of 6.36.

SelectQuote (NYSE:SLQT) last released its quarterly earnings results on Monday, February 10th. The company reported $0.30 earnings per share for the quarter, topping analysts’ consensus estimates of $0.09 by $0.21. SelectQuote had a negative return on equity of 4.38% and a negative net margin of 0.95%. Equities analysts predict that SelectQuote will post -0.07 earnings per share for the current year.

Analyst Ratings Changes

SLQT has been the subject of a number of research analyst reports. Noble Financial raised shares of SelectQuote to a “strong-buy” rating in a research report on Wednesday, February 12th. Royal Bank of Canada reissued a “sector perform” rating and set a $4.00 target price on shares of SelectQuote in a research report on Friday, November 22nd.

About SelectQuote

SelectQuote, Inc operates a technology-enabled, direct-to-consumer distribution platform that sells a range of insurance products and healthcare services in the United States. The company operates through three segments: Senior; Life; and Auto & Home. It distributes senior health policies, such as medicare advantage, medicare supplement, medicare part D, and other ancillary senior health insurance related products, including prescription drugs, dental, vision, and hearing plans; life insurance products, such as term life, final expense, and other ancillary products, including critical illness, accidental death, and juvenile insurance; homeowners, auto, dwelling fire, and other ancillary insurance products; and non-commercial auto and home property, and casualty policies.