17 Capital Partners LLC Has $559,000 Holdings in Hagerty, Inc. (NYSE:HGTY)

17 Capital Partners LLC grew its stake in Hagerty, Inc. (NYSE:HGTY) by 10.0% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 55,000 shares of the company’s stock after purchasing an additional 5,000 shares during the period. 17 Capital Partners LLC’s holdings in Hagerty were worth $559,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Blue Trust Inc. bought a new position in Hagerty in the second quarter worth $39,000. Algert Global LLC bought a new position in shares of Hagerty during the 2nd quarter worth about $108,000. Dimensional Fund Advisors LP acquired a new stake in shares of Hagerty during the 2nd quarter valued at about $139,000. Lakewood Asset Management LLC bought a new stake in Hagerty in the third quarter valued at about $186,000. Finally, Goldstone Financial Group LLC acquired a new position in Hagerty in the third quarter worth about $236,000. Institutional investors own 20.51% of the company’s stock.

Hagerty Stock Down 1.9 %

Shares of NYSE:HGTY opened at $11.21 on Friday. The company’s fifty day moving average is $10.88 and its 200-day moving average is $10.47. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.04 and a current ratio of 1.04. Hagerty, Inc. has a 52 week low of $7.68 and a 52 week high of $12.35. The company has a market capitalization of $3.82 billion, a PE ratio of 93.42 and a beta of 0.78.

Wall Street Analyst Weigh In

Separately, Truist Financial lifted their price objective on Hagerty from $10.00 to $11.00 and gave the company a “hold” rating in a report on Thursday, August 8th.

Insider Activity at Hagerty

In other Hagerty news, Director Robert I. Kauffman sold 7,000 shares of the company’s stock in a transaction dated Thursday, August 22nd. The shares were sold at an average price of $11.28, for a total transaction of $78,960.00. Following the sale, the director now directly owns 5,281,195 shares of the company’s stock, valued at approximately $59,571,879.60. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, Director Robert I. Kauffman sold 6,318 shares of Hagerty stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $11.85, for a total value of $74,868.30. Following the completion of the transaction, the director now directly owns 5,267,317 shares of the company’s stock, valued at $62,417,706.45. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Robert I. Kauffman sold 7,000 shares of the stock in a transaction dated Thursday, August 22nd. The stock was sold at an average price of $11.28, for a total transaction of $78,960.00. Following the sale, the director now directly owns 5,281,195 shares in the company, valued at approximately $59,571,879.60. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 118,208 shares of company stock valued at $1,305,149 in the last ninety days. Insiders own 17.90% of the company’s stock.

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.