Hagerty, Inc. (NYSE:HGTY) Short Interest Down 7.9% in November

Hagerty, Inc. (NYSE:HGTY) was the recipient of a large decline in short interest in 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. Based on an average daily trading volume, of 75,700 shares, the short-interest ratio is currently 4.0 days. Approximately 0.4% of the shares of the company are sold short.

Insider Activity

In related news, Director Robert I. Kauffman sold 5,404 shares of the business’s stock in a transaction that occurred on Friday, September 20th. The stock was sold at an average price of $10.70, for a total value of $57,822.80. Following the transaction, the director now directly owns 5,156,835 shares of the company’s stock, valued at approximately $55,178,134.50. The trade was a 0.10 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders have sold a total of 268,037 shares of company stock valued at $2,970,375 in the last ninety days. Corporate insiders own 17.90% of the company’s stock.

Institutional Trading of Hagerty

Several hedge funds have recently bought and sold shares of the stock. Connor Clark & Lunn Investment Management Ltd. increased its holdings in shares of Hagerty by 376.1% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 97,143 shares of the company’s stock worth $988,000 after purchasing an additional 76,740 shares during the last quarter. 17 Capital Partners LLC raised 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 acquiring an additional 5,000 shares in the last quarter. Barclays PLC boosted its position in shares of Hagerty by 23.0% during the 3rd quarter. Barclays PLC now owns 31,675 shares of the company’s stock valued at $321,000 after acquiring an additional 5,932 shares during the last quarter. Meixler Investment Management Ltd. grew its holdings in shares of Hagerty by 9.7% in the third quarter. Meixler Investment Management Ltd. now owns 27,455 shares of the company’s stock valued at $279,000 after purchasing an additional 2,430 shares in the last quarter. Finally, Caz Investments LP increased its position in Hagerty by 66.7% in the third quarter. Caz Investments LP now owns 25,000 shares of the company’s stock worth $258,000 after purchasing an additional 10,000 shares during the last quarter. Hedge funds and other institutional investors own 20.51% of the company’s stock.

Hagerty Price Performance

Shares of HGTY stock traded down $0.12 during mid-day trading on Tuesday, hitting $10.86. The company had a trading volume of 62,492 shares, compared to its average volume of 81,489. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.01 and a quick ratio of 1.01. The stock’s 50 day moving average price is $11.09 and its 200-day moving average price is $10.92. Hagerty has a 52-week low of $7.68 and a 52-week high of $12.35. The company has a market capitalization of $3.70 billion, a P/E 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.