GSA Capital Partners LLP Purchases New Stake in Trupanion, Inc. $TRUP

GSA Capital Partners LLP acquired a new stake in shares of Trupanion, Inc. (NASDAQ:TRUP) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 56,264 shares of the financial services provider’s stock, valued at approximately $1,394,000.

Several other hedge funds also recently added to or reduced their stakes in the stock. Kelleher Financial Advisors acquired a new position in Trupanion during the 3rd quarter worth $74,000. Kemnay Advisory Services Inc. acquired a new stake in shares of Trupanion in the 4th quarter valued at about $64,000. Parallel Advisors LLC lifted its position in shares of Trupanion by 1,831.9% during the first quarter. Parallel Advisors LLC now owns 1,816 shares of the financial services provider’s stock worth $47,000 after purchasing an additional 1,722 shares during the last quarter. Advisory Services Network LLC bought a new position in shares of Trupanion during the third quarter worth about $160,000. Finally, Tidal Investments LLC bought a new position in shares of Trupanion during the second quarter worth about $212,000.

Insider Activity at Trupanion

In other Trupanion news, CFO Fawwad Qureshi sold 6,177 shares of the business’s stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $22.18, for a total transaction of $137,005.86. Following the sale, the chief financial officer directly owned 2,081 shares in the company, valued at approximately $46,156.58. The trade was a 74.80% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, COO John R. Gallagher sold 3,603 shares of the business’s stock in a transaction dated Thursday, May 28th. The stock was sold at an average price of $21.69, for a total transaction of $78,149.07. Following the sale, the chief operating officer owned 33,065 shares in the company, valued at $717,179.85. This trade represents a 9.83% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 18,785 shares of company stock worth $422,862. 5.58% of the stock is currently owned by corporate insiders.

Trupanion Stock Performance

Shares of TRUP stock opened at $30.60 on Monday. Trupanion, Inc. has a 1 year low of $21.16 and a 1 year high of $49.90. The firm has a market capitalization of $1.34 billion, a PE ratio of 57.74, a price-to-earnings-growth ratio of 2.20 and a beta of 1.39. The stock has a fifty day moving average of $25.56 and a two-hundred day moving average of $26.06. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.77 and a current ratio of 1.77.

Trupanion (NASDAQ:TRUP) last issued its quarterly earnings results on Wednesday, August 5th. The financial services provider reported $0.16 EPS for the quarter, beating analysts’ consensus estimates of $0.11 by $0.05. Trupanion had a return on equity of 5.96% and a net margin of 1.53%.The company had revenue of $392.93 million for the quarter, compared to analyst estimates of $389.72 million. During the same period last year, the company earned $0.22 earnings per share. The company’s quarterly revenue was up 11.1% compared to the same quarter last year. As a group, research analysts expect that Trupanion, Inc. will post 0.59 EPS for the current year.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. Atlantic Securities set a $42.00 price target on Trupanion in a research note on Wednesday, July 15th. Weiss Ratings upgraded Trupanion from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday. Zacks Research raised Trupanion from a “hold” rating to a “strong-buy” rating in a report on Friday, July 24th. Finally, Stifel Nicolaus set a $28.00 target price on Trupanion in a research report on Friday, June 26th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $41.60.

Trupanion Profile

Trupanion, Inc is a pet medical insurance company that provides comprehensive insurance coverage for cats and dogs. The company’s core offering is a single, customizable medical policy designed to cover veterinary diagnostic tests, surgeries, hospital stays and congenital or hereditary conditions. Trupanion seeks to streamline the claims process by offering direct payment options to participating veterinarians, reducing the need for upfront payments by pet owners.

Founded in 1999 by Darryl Rawlings and headquartered in Seattle, Washington, Trupanion began operations in the early 2000s and has grown its presence through both digital channels and partnerships with veterinary hospitals.