Gator Capital Management LLC Invests $459,000 in Genworth Financial, Inc. (NYSE:GNW)

Gator Capital Management LLC bought a new stake in Genworth Financial, Inc. (NYSE:GNW) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 65,675 shares of the financial services provider’s stock, valued at approximately $459,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Byrne Asset Management LLC lifted its stake in Genworth Financial by 148.9% during the 4th quarter. Byrne Asset Management LLC now owns 4,480 shares of the financial services provider’s stock valued at $31,000 after acquiring an additional 2,680 shares during the period. Jones Financial Companies Lllp purchased a new position in shares of Genworth Financial during the fourth quarter worth $41,000. Smartleaf Asset Management LLC lifted its position in Genworth Financial by 279.5% during the fourth quarter. Smartleaf Asset Management LLC now owns 10,494 shares of the financial services provider’s stock valued at $73,000 after purchasing an additional 7,729 shares during the period. GAMMA Investing LLC boosted its holdings in Genworth Financial by 17.2% in the fourth quarter. GAMMA Investing LLC now owns 10,838 shares of the financial services provider’s stock valued at $76,000 after purchasing an additional 1,591 shares during the last quarter. Finally, Landscape Capital Management L.L.C. acquired a new stake in Genworth Financial during the 4th quarter worth about $85,000. Hedge funds and other institutional investors own 81.85% of the company’s stock.

Genworth Financial Stock Performance

Shares of GNW stock opened at $6.49 on Friday. The stock has a market cap of $2.72 billion, a PE ratio of 9.54 and a beta of 1.02. Genworth Financial, Inc. has a 52-week low of $5.67 and a 52-week high of $7.90. The business has a 50-day simple moving average of $6.99 and a 200-day simple moving average of $7.06. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.16.

Genworth Financial (NYSE:GNW) last released its quarterly earnings data on Tuesday, February 18th. The financial services provider reported $0.04 EPS for the quarter, missing the consensus estimate of $0.18 by ($0.14). The company had revenue of $1.82 billion during the quarter. Genworth Financial had a return on equity of 2.96% and a net margin of 4.10%. During the same quarter in the previous year, the company posted ($0.51) EPS.

About Genworth Financial

Genworth Financial, Inc, together with its subsidiaries, provides mortgage and long-term care insurance products in the United States and internationally. It operates in three segments: Enact, Long-Term Care Insurance, and Life and Annuities. The Enact segment offers private mortgage insurance products primarily insuring prime-based, individually underwritten residential mortgage loans; and pool mortgage insurance products.