SelectQuote, Inc. (NYSE:SLQT) Short Interest Update

SelectQuote, Inc. (NYSE:SLQT) saw a large drop in short interest in February. As of February 15th, there was short interest totalling 1,570,000 shares, a drop of 33.8% from the January 31st total of 2,370,000 shares. Based on an average daily trading volume, of 1,730,000 shares, the short-interest ratio is currently 0.9 days. Approximately 1.2% of the company’s stock are sold short.

Insider Activity at SelectQuote

In related news, insider Sarah Taylor Anderson sold 50,000 shares of the stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $5.44, for a total transaction of $272,000.00. Following the sale, the insider now directly owns 1,166 shares of the company’s stock, valued at approximately $6,343.04. This represents a 97.72 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 11.40% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On SelectQuote

A number of hedge funds have recently modified their holdings of the company. Mason Investment Advisory Services Inc. lifted its position in shares of SelectQuote by 33.3% in the third quarter. Mason Investment Advisory Services Inc. now owns 20,000 shares of the company’s stock valued at $43,000 after acquiring an additional 5,000 shares in the last quarter. OneDigital Investment Advisors LLC purchased a new position in shares of SelectQuote during the fourth quarter valued at about $46,000. Oppenheimer & Co. Inc. purchased a new position in shares of SelectQuote during the fourth quarter valued at about $47,000. Cibc World Markets Corp bought a new stake in shares of SelectQuote in the fourth quarter worth about $47,000. Finally, Bayesian Capital Management LP bought a new position in SelectQuote during the fourth quarter valued at approximately $55,000. 34.59% of the stock is currently owned by institutional investors.

SelectQuote Stock Performance

NYSE:SLQT traded down $0.28 on Tuesday, hitting $4.00. The stock had a trading volume of 1,956,304 shares, compared to its average volume of 1,248,738. The company has a quick ratio of 6.36, a current ratio of 6.36 and a debt-to-equity ratio of 2.10. SelectQuote has a 52-week low of $1.48 and a 52-week high of $6.86. The stock has a market cap of $687.72 million, a price-to-earnings ratio of -44.39 and a beta of 1.15. The business’s 50-day simple moving average is $4.44 and its two-hundred day simple moving average is $3.29.

SelectQuote (NYSE:SLQT) last issued its quarterly earnings results on Monday, February 10th. The company reported $0.30 EPS for the quarter, topping analysts’ consensus estimates of $0.09 by $0.21. SelectQuote had a negative return on equity of 4.38% and a negative net margin of 0.95%. As a group, research analysts predict that SelectQuote will post -0.07 earnings per share for the current year.

Wall Street Analysts Forecast Growth

SLQT has been the topic of several analyst reports. Noble Financial raised SelectQuote to a “strong-buy” rating in a research report on Wednesday, February 12th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $4.00 price objective on shares of SelectQuote in a research report on Friday, November 22nd.

About SelectQuote

SelectQuote, Inc operates a technology-enabled, direct-to-consumer distribution platform that sells a range of insurance products and healthcare services in the United States. The company operates through three segments: Senior; Life; and Auto & Home. It distributes senior health policies, such as medicare advantage, medicare supplement, medicare part D, and other ancillary senior health insurance related products, including prescription drugs, dental, vision, and hearing plans; life insurance products, such as term life, final expense, and other ancillary products, including critical illness, accidental death, and juvenile insurance; homeowners, auto, dwelling fire, and other ancillary insurance products; and non-commercial auto and home property, and casualty policies.