Charles William Powell Sells 2,080 Shares of Slide Insurance (NASDAQ:SLDE) Stock

Slide Insurance Holdings, Inc. (NASDAQ:SLDE) CRO Charles William Powell sold 2,080 shares of Slide Insurance stock in a transaction on Thursday, September 3rd. The stock was sold at an average price of $25.00, for a total transaction of $52,000.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

Slide Insurance Trading Up 1.0%

NASDAQ SLDE opened at $24.71 on Thursday. The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 0.02. The stock’s 50-day simple moving average is $21.77 and its two-hundred day simple moving average is $19.38. Slide Insurance Holdings, Inc. has a twelve month low of $12.53 and a twelve month high of $25.09. The company has a market capitalization of $2.89 billion, a price-to-earnings ratio of 6.03 and a beta of 0.07.

Slide Insurance (NASDAQ:SLDE) last announced its quarterly earnings data on Tuesday, July 28th. The company reported $1.06 EPS for the quarter, beating the consensus estimate of $0.88 by $0.18. The firm had revenue of $386.82 million for the quarter. Slide Insurance had a return on equity of 50.69% and a net margin of 40.02%. Research analysts forecast that Slide Insurance Holdings, Inc. will post 3.79 EPS for the current fiscal year.

Slide Insurance Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 28th. Investors of record on Friday, August 14th were given a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date was Friday, August 14th. Slide Insurance’s dividend payout ratio (DPR) is presently 6.83%.

Institutional Investors Weigh In On Slide Insurance

Several institutional investors and hedge funds have recently bought and sold shares of SLDE. Comerica Bank raised its holdings in shares of Slide Insurance by 3,462.2% during the fourth quarter. Comerica Bank now owns 1,318 shares of the company’s stock valued at $26,000 after acquiring an additional 1,281 shares in the last quarter. CWM LLC bought a new stake in Slide Insurance in the fourth quarter valued at $35,000. Ameritas Investment Partners Inc. bought a new position in Slide Insurance in the 3rd quarter worth $35,000. Global Retirement Partners LLC purchased a new stake in shares of Slide Insurance in the 2nd quarter worth about $39,000. Finally, Meeder Asset Management Inc. bought a new stake in shares of Slide Insurance during the 2nd quarter valued at about $40,000.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. Morgan Stanley set a $22.00 price objective on Slide Insurance in a report on Monday, August 3rd. Zacks Research raised Slide Insurance from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 3rd. Weiss Ratings raised shares of Slide Insurance from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday, August 27th. Keefe, Bruyette & Woods upped their price target on shares of Slide Insurance from $24.00 to $26.00 and gave the company an “outperform” rating in a report on Monday, August 3rd. Finally, Citizens Jmp increased their price target on shares of Slide Insurance from $25.00 to $27.00 and gave the company a “market outperform” rating in a research report on Thursday, July 30th. Two equities research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $25.40.

About Slide Insurance

Launched in 2021, we are a technology enabled, fast-growing, coastal specialty insurer. We focus on profitable underwriting of single family and condominium policies in the property and casualty (“P&C”) industry in coastal states along the Atlantic seaboard through our insurance subsidiary, Slide Insurance Company (“SIC”). We utilize our differentiated technology and data-driven approach to focus on market opportunities that are underserved by other insurance companies. We acquire policies both from inorganic block acquisitions and subsequent renewals, as well as new business sales through a combination of independent agents and our direct-to-consumer(“DTC”) channel, through which we sell our insurance products directly to end consumers, without the use of retailers, brokers, agents or other intermediaries.