Diametric Capital LP Purchases New Holdings in SelectQuote, Inc. (NYSE:SLQT)

Diametric Capital LP acquired a new position in shares of SelectQuote, Inc. (NYSE:SLQT) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 193,974 shares of the company’s stock, valued at approximately $722,000. Diametric Capital LP owned approximately 0.11% of SelectQuote as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently bought and sold shares of the company. JPMorgan Chase & Co. lifted its stake in shares of SelectQuote by 66.8% during the fourth quarter. JPMorgan Chase & Co. now owns 716,784 shares of the company’s stock valued at $2,666,000 after acquiring an additional 287,128 shares during the period. Vanguard Group Inc. raised its holdings in SelectQuote by 1.7% during the 4th quarter. Vanguard Group Inc. now owns 7,363,421 shares of the company’s stock worth $27,392,000 after purchasing an additional 120,280 shares during the last quarter. American Century Companies Inc. lifted its position in SelectQuote by 41.5% during the 4th quarter. American Century Companies Inc. now owns 312,000 shares of the company’s stock valued at $1,161,000 after purchasing an additional 91,497 shares during the period. Kazazian Asset Management LLC bought a new position in shares of SelectQuote in the 4th quarter valued at about $453,000. Finally, Cibc World Markets Corp acquired a new stake in shares of SelectQuote during the 4th quarter worth approximately $47,000. 34.59% of the stock is currently owned by institutional investors.

Insider Activity

In other news, insider Sarah Taylor Anderson sold 50,000 shares of the firm’s stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $5.44, for a total transaction of $272,000.00. Following the sale, the insider now owns 1,166 shares of the company’s stock, valued at $6,343.04. This trade represents a 97.72 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 11.40% of the stock is owned by company insiders.

SelectQuote Stock Down 1.3 %

Shares of SelectQuote stock opened at $3.36 on Tuesday. The business has a fifty day simple moving average of $4.33 and a 200 day simple moving average of $3.28. The stock has a market cap of $577.54 million, a PE ratio of -37.28 and a beta of 1.13. The company has a quick ratio of 6.36, a current ratio of 6.36 and a debt-to-equity ratio of 2.10. SelectQuote, Inc. has a 12 month low of $1.48 and a 12 month high of $6.86.

SelectQuote (NYSE:SLQT) last issued its earnings results on Monday, February 10th. The company reported $0.30 earnings per share (EPS) 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%. Research analysts predict that SelectQuote, Inc. will post -0.07 EPS for the current year.

Analysts Set New Price Targets

Separately, Noble Financial upgraded shares of SelectQuote to a “strong-buy” rating in a report on Wednesday, February 12th.

SelectQuote Profile

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.