Samson Rock Capital LLP Buys 264,000 Shares of Alight, Inc. (NYSE:ALIT)

Samson Rock Capital LLP raised its position in Alight, Inc. (NYSE:ALIT) by 110.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 504,000 shares of the company’s stock after purchasing an additional 264,000 shares during the quarter. Alight makes up approximately 2.7% of Samson Rock Capital LLP’s holdings, making the stock its 4th biggest position. Samson Rock Capital LLP owned about 0.09% of Alight worth $3,488,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Blue Trust Inc. grew its stake in shares of Alight by 107.6% in the 4th quarter. Blue Trust Inc. now owns 3,336 shares of the company’s stock valued at $25,000 after buying an additional 1,729 shares in the last quarter. Public Employees Retirement System of Ohio grew its position in Alight by 65.5% in the third quarter. Public Employees Retirement System of Ohio now owns 5,042 shares of the company’s stock worth $37,000 after acquiring an additional 1,996 shares in the last quarter. Oppenheimer & Co. Inc. bought a new stake in Alight in the third quarter worth approximately $74,000. Nisa Investment Advisors LLC increased its stake in shares of Alight by 54.0% during the 3rd quarter. Nisa Investment Advisors LLC now owns 11,547 shares of the company’s stock worth $85,000 after purchasing an additional 4,049 shares during the last quarter. Finally, KBC Group NV raised its holdings in shares of Alight by 24.0% during the 3rd quarter. KBC Group NV now owns 12,049 shares of the company’s stock valued at $89,000 after purchasing an additional 2,331 shares in the last quarter. 96.74% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director William P. Foley II sold 5,000,000 shares of the business’s stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $8.25, for a total value of $41,250,000.00. Following the sale, the director now owns 883,323 shares in the company, valued at approximately $7,287,414.75. The trade was a 84.99 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, President Gregory R. Goff sold 250,000 shares of the stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $8.00, for a total transaction of $2,000,000.00. Following the sale, the president now owns 852,694 shares of the company’s stock, valued at $6,821,552. This trade represents a 22.67 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 5,334,929 shares of company stock worth $43,895,460 over the last 90 days. Corporate insiders own 5.33% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have weighed in on ALIT shares. Needham & Company LLC cut their target price on Alight from $11.00 to $9.00 and set a “buy” rating on the stock in a report on Thursday, January 9th. KeyCorp upped their target price on Alight from $10.00 to $11.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 13th. Finally, Canaccord Genuity Group increased their price target on Alight from $11.00 to $12.00 and gave the company a “buy” rating in a report on Wednesday, November 13th. One research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $10.61.

Alight Price Performance

ALIT opened at $6.57 on Friday. Alight, Inc. has a 1-year low of $6.15 and a 1-year high of $10.38. The business has a 50 day moving average of $6.95 and a 200-day moving average of $7.19. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.30 and a quick ratio of 1.30.

Alight (NYSE:ALIT) last posted its quarterly earnings results on Tuesday, November 12th. The company reported $0.09 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.09. Alight had a negative net margin of 7.95% and a positive return on equity of 5.61%. The company had revenue of $555.00 million for the quarter, compared to analyst estimates of $538.39 million. During the same period last year, the business posted $0.07 EPS. The business’s quarterly revenue was down .4% on a year-over-year basis. On average, equities analysts expect that Alight, Inc. will post 0.47 EPS for the current fiscal year.

Alight Announces Dividend

The company also recently announced a — dividend, which was paid on Monday, December 16th. Investors of record on Monday, December 2nd were given a $0.04 dividend. The ex-dividend date of this dividend was Monday, December 2nd.

Alight Company Profile

Alight, Inc provides cloud-based integrated digital human capital and business solutions worldwide. The company operates through two segments, Employer Solutions and Professional Services. The Employer Solutions segment offers employee wellbeing, integrated benefits administration, healthcare navigation, financial wellbeing, leave of absence management, retiree healthcare and payroll; and operates AI-led capabilities software.