Hagerty, Inc. (NYSE:HGTY) Short Interest Update

Hagerty, Inc. (NYSE:HGTY) was the target of a large decline in short interest during the month of November. As of November 30th, there was short interest totalling 300,700 shares, a decline of 7.9% from the November 15th total of 326,600 shares. Currently, 0.4% of the company’s stock are sold short. Based on an average daily trading volume, of 75,700 shares, the days-to-cover ratio is currently 4.0 days.

Insider Activity

In other news, Director Robert I. Kauffman sold 2,481 shares of the company’s stock in a transaction dated Monday, September 23rd. The stock was sold at an average price of $10.75, for a total transaction of $26,670.75. Following the completion of the sale, the director now owns 5,154,354 shares in the company, valued at approximately $55,409,305.50. This represents a 0.05 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders sold a total of 264,216 shares of company stock worth $2,927,580 in the last three months. 17.90% of the stock is owned by insiders.

Institutional Investors Weigh In On Hagerty

A number of hedge funds have recently bought and sold shares of the company. Connor Clark & Lunn Investment Management Ltd. boosted its stake in Hagerty by 376.1% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 97,143 shares of the company’s stock valued at $988,000 after purchasing an additional 76,740 shares during the period. Algert Global LLC acquired a new position in Hagerty during the 2nd quarter valued at $108,000. Dimensional Fund Advisors LP bought a new stake in Hagerty in the 2nd quarter valued at $139,000. Blue Trust Inc. acquired a new stake in Hagerty in the 2nd quarter worth $39,000. Finally, 17 Capital Partners LLC increased its holdings in shares of Hagerty by 10.0% during the 3rd quarter. 17 Capital Partners LLC now owns 55,000 shares of the company’s stock worth $559,000 after purchasing an additional 5,000 shares during the period. 20.51% of the stock is currently owned by institutional investors.

Hagerty Price Performance

Shares of Hagerty stock opened at $10.86 on Wednesday. Hagerty has a 1-year low of $7.68 and a 1-year high of $12.35. The firm has a fifty day simple moving average of $11.09 and a 200-day simple moving average of $10.92. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.23. The stock has a market capitalization of $3.70 billion, a price-to-earnings ratio of 98.73 and a beta of 0.80.

About Hagerty

Hagerty, Inc provides insurance agency services worldwide. It offers motor vehicle and boat insurance products; and reinsurance products. The company provides Hagerty Media, which publishes contents through the Hagerty Drivers Club Magazine (HDC), video content, and social media channels; HDC that offers subscription based products and services, including HDC Magazine, automotive enthusiast events, proprietary vehicle valuation tools, emergency roadside services, and special vehicle-related discounts.