Freestone Grove Partners LP Invests $6.12 Million in HCI Group, Inc. (NYSE:HCI)

Freestone Grove Partners LP bought a new stake in shares of HCI Group, Inc. (NYSE:HCI) during the 4th quarter, according to its most recent filing with the SEC. The firm bought 52,536 shares of the insurance provider’s stock, valued at approximately $6,122,000. Freestone Grove Partners LP owned 0.50% of HCI Group as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in HCI. GAMMA Investing LLC lifted its position in shares of HCI Group by 28.4% during the fourth quarter. GAMMA Investing LLC now owns 511 shares of the insurance provider’s stock worth $60,000 after purchasing an additional 113 shares during the last quarter. KLP Kapitalforvaltning AS acquired a new position in HCI Group during the 4th quarter worth $175,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new position in HCI Group in the 4th quarter valued at about $211,000. Integrated Quantitative Investments LLC bought a new position in shares of HCI Group in the fourth quarter valued at approximately $281,000. Finally, Clare Market Investments LLC acquired a new position in shares of HCI Group during the 4th quarter valued at $296,000. Hedge funds and other institutional investors own 86.99% of the company’s stock.

HCI Group Trading Up 1.4 %

HCI Group stock opened at $147.33 on Friday. The firm’s 50 day moving average price is $140.85 and its two-hundred day moving average price is $125.14. The firm has a market cap of $1.59 billion, a price-to-earnings ratio of 12.31 and a beta of 1.23. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.47 and a current ratio of 0.47. HCI Group, Inc. has a 1 year low of $83.65 and a 1 year high of $151.88.

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 firm had revenue of $161.88 million during the quarter, compared to the consensus estimate of $175.11 million. HCI Group had a return on equity of 34.17% and a net margin of 19.37%. On average, research analysts predict that HCI Group, Inc. will post 6.78 EPS for the current fiscal year.

HCI Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 20th. Shareholders of record on Friday, May 16th will be issued a dividend of $0.40 per share. The ex-dividend date of this dividend is Friday, May 16th. This represents a $1.60 annualized dividend and a yield of 1.09%. HCI Group’s dividend payout ratio (DPR) is presently 18.18%.

About HCI Group

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.