Park West Asset Management LLC Purchases New Stake in HCI Group, Inc. (NYSE:HCI)

Park West Asset Management LLC purchased a new stake in HCI Group, Inc. (NYSE:HCI) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 64,349 shares of the insurance provider’s stock, valued at approximately $7,499,000. Park West Asset Management LLC owned approximately 0.61% of HCI Group at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in HCI. GAMMA Investing LLC increased its stake in HCI Group by 28.4% during the fourth quarter. GAMMA Investing LLC now owns 511 shares of the insurance provider’s stock valued at $60,000 after purchasing an additional 113 shares during the last quarter. KLP Kapitalforvaltning AS acquired a new stake in HCI Group in the fourth quarter worth about $175,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new stake in HCI Group in the fourth quarter worth about $211,000. Integrated Quantitative Investments LLC acquired a new stake in HCI Group in the fourth quarter worth about $281,000. Finally, Clare Market Investments LLC acquired a new stake in HCI Group in the fourth quarter worth about $296,000. 86.99% of the stock is owned by institutional investors and hedge funds.

HCI Group Stock Performance

HCI stock opened at $143.32 on Tuesday. The company has a market capitalization of $1.54 billion, a P/E ratio of 11.97 and a beta of 1.12. The company has a 50-day simple moving average of $138.66 and a 200 day simple moving average of $124.42. HCI Group, Inc. has a fifty-two week low of $83.65 and a fifty-two week high of $151.88. The company has a quick ratio of 0.47, a current ratio of 0.47 and a debt-to-equity ratio of 0.40.

HCI Group (NYSE:HCI) last announced its quarterly earnings data on Thursday, February 27th. The insurance provider reported $0.31 earnings per share (EPS) for the quarter, topping the consensus estimate of ($2.75) by $3.06. The company had revenue of $161.88 million for the quarter, compared to analysts’ expectations of $175.11 million. HCI Group had a net margin of 19.37% and a return on equity of 34.17%. Sell-side analysts predict that HCI Group, Inc. will post 6.78 earnings per share for the current fiscal year.

HCI Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 20th. Shareholders of record on Friday, May 16th will be given a $0.40 dividend. The ex-dividend date is Friday, May 16th. This represents a $1.60 annualized dividend and a yield of 1.12%. HCI Group’s dividend payout ratio (DPR) is 18.18%.

HCI Group Profile

HCI Group, Inc, together with its subsidiaries, engages in the property and casualty insurance, insurance management, reinsurance, real estate, and information technology businesses in Florida. It provides residential insurance products, such as homeowners, fire, flood, and wind-only insurance to homeowners, condominium owners, and tenants for properties, as well as offers reinsurance programs.