Walleye Capital LLC Sells 36,794 Shares of Ategrity Specialty $ASIC

Walleye Capital LLC reduced its holdings in Ategrity Specialty (NYSE:ASIC) by 39.1% in the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 57,420 shares of the company’s stock after selling 36,794 shares during the quarter. Walleye Capital LLC owned approximately 0.12% of Ategrity Specialty worth $1,135,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. New York State Common Retirement Fund bought a new stake in shares of Ategrity Specialty in the fourth quarter worth $27,000. Strs Ohio raised its position in Ategrity Specialty by 54.5% during the 4th quarter. Strs Ohio now owns 1,700 shares of the company’s stock worth $36,000 after purchasing an additional 600 shares during the last quarter. Police & Firemen s Retirement System of New Jersey bought a new position in Ategrity Specialty during the 4th quarter worth $41,000. State of Wyoming lifted its holdings in Ategrity Specialty by 1,663.6% during the 4th quarter. State of Wyoming now owns 2,469 shares of the company’s stock worth $52,000 after buying an additional 2,329 shares during the period. Finally, State of Alaska Department of Revenue bought a new stake in shares of Ategrity Specialty in the 4th quarter valued at about $76,000.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. Weiss Ratings upgraded Ategrity Specialty from a “hold (c-)” rating to a “hold (c)” rating in a research report on Thursday, June 18th. Zacks Research downgraded shares of Ategrity Specialty from a “strong-buy” rating to a “hold” rating in a research report on Friday, June 19th. Barclays raised their price target on shares of Ategrity Specialty from $26.00 to $28.00 and gave the stock an “overweight” rating in a report on Tuesday, July 7th. JPMorgan Chase & Co. boosted their price target on shares of Ategrity Specialty from $27.00 to $29.00 and gave the stock an “overweight” rating in a research report on Monday, July 20th. Finally, Wall Street Zen raised shares of Ategrity Specialty from a “hold” rating to a “buy” rating in a research note on Saturday, May 16th. Three equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $28.50.

Ategrity Specialty Trading Up 3.5%

Shares of ASIC stock opened at $23.63 on Friday. The firm has a market cap of $1.14 billion and a P/E ratio of 12.70. Ategrity Specialty has a 52 week low of $16.35 and a 52 week high of $25.84. The stock’s 50 day moving average is $22.05.

Ategrity Specialty (NYSE:ASIC) last released its earnings results on Wednesday, April 29th. The company reported $0.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.40 by $0.11. Ategrity Specialty had a net margin of 19.75% and a return on equity of 15.29%. The company had revenue of $128.96 million for the quarter. As a group, equities analysts expect that Ategrity Specialty will post 2.16 EPS for the current year.

About Ategrity Specialty

We are a profitable and growing specialty insurance company dedicated to providing excess and surplus (“E&S”) products to small to medium-sized businesses (“SMBs”) across the United States. We have built a proprietary underwriting platform that combines sophisticated data analytics with automated and streamlined processes to efficiently serve our clients and deliver long-term value to our stockholders. The SMB market is characterized by large volumes of small-sized policies, and we believe our competitive edge lies in our ability to offer consistent, high-speed, and low-touch interactions that our distribution partners value.