Pembroke Management LTD Purchases New Shares in Hagerty, Inc. (NYSE:HGTY)

Pembroke Management LTD acquired a new position in Hagerty, Inc. (NYSE:HGTY) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 953,427 shares of the company’s stock, valued at approximately $9,201,000. Pembroke Management LTD owned approximately 0.28% of Hagerty as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Meixler Investment Management Ltd. boosted its stake in shares of Hagerty by 9.7% in the 3rd quarter. Meixler Investment Management Ltd. now owns 27,455 shares of the company’s stock worth $279,000 after buying an additional 2,430 shares during the last quarter. 17 Capital Partners LLC lifted its holdings in Hagerty by 10.0% during the third 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 during the period. R Squared Ltd purchased a new position in Hagerty in the fourth quarter worth $51,000. Barclays PLC grew its stake in Hagerty by 23.0% in the 3rd quarter. Barclays PLC now owns 31,675 shares of the company’s stock valued at $321,000 after purchasing an additional 5,932 shares during the period. Finally, FMR LLC increased its position in shares of Hagerty by 25,769.2% during the 3rd quarter. FMR LLC now owns 6,726 shares of the company’s stock valued at $68,000 after purchasing an additional 6,700 shares during the last quarter. Hedge funds and other institutional investors own 20.51% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Raymond James downgraded shares of Hagerty from a “market perform” rating to an “underperform” rating in a report on Thursday, December 26th.

Insider Buying and Selling at Hagerty

In other news, Director Robert I. Kauffman sold 62,342 shares of Hagerty stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $11.21, for a total value of $698,853.82. Following the completion of the transaction, the director now owns 4,757,757 shares in the company, valued at $53,334,455.97. This trade represents a 1.29 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders have sold a total of 198,064 shares of company stock worth $2,081,423 over the last ninety days. 17.90% of the stock is currently owned by company insiders.

Hagerty Price Performance

Hagerty stock opened at $10.04 on Tuesday. The business’s 50 day simple moving average is $10.00 and its 200 day simple moving average is $10.69. Hagerty, Inc. has a 12 month low of $8.27 and a 12 month high of $12.35. The company has a market cap of $3.42 billion, a price-to-earnings ratio of 91.27 and a beta of 0.85. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.23.

Hagerty Profile

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.