Diametric Capital LP Acquires New Stake in SelectQuote, Inc. (NYSE:SLQT)

Diametric Capital LP bought a new position in shares of SelectQuote, Inc. (NYSE:SLQT) in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 193,974 shares of the company’s stock, valued at approximately $722,000.

A number of other large investors have also recently added to or reduced their stakes in SLQT. JPMorgan Chase & Co. boosted its position in shares of SelectQuote by 66.8% during the fourth quarter. JPMorgan Chase & Co. now owns 716,784 shares of the company’s stock worth $2,666,000 after buying an additional 287,128 shares during the period. Connor Clark & Lunn Investment Management Ltd. lifted its stake in SelectQuote by 23.9% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 772,831 shares of the company’s stock valued at $2,875,000 after acquiring an additional 149,283 shares in the last quarter. Barclays PLC boosted its position in SelectQuote by 166.8% during the 3rd quarter. Barclays PLC now owns 198,357 shares of the company’s stock worth $430,000 after acquiring an additional 124,005 shares during the last quarter. Kazazian Asset Management LLC bought a new position in shares of SelectQuote during the 4th quarter worth approximately $453,000. Finally, Vanguard Group Inc. raised its holdings in shares of SelectQuote by 1.7% in the fourth quarter. Vanguard Group Inc. now owns 7,363,421 shares of the company’s stock valued at $27,392,000 after purchasing an additional 120,280 shares during the last quarter. Institutional investors own 34.59% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Noble Financial upgraded shares of SelectQuote to a “strong-buy” rating in a report on Wednesday, February 12th.

SelectQuote Price Performance

Shares of NYSE SLQT opened at $3.36 on Tuesday. SelectQuote, Inc. has a fifty-two week low of $1.48 and a fifty-two week high of $6.86. The stock has a market capitalization of $577.54 million, a price-to-earnings ratio of -37.28 and a beta of 1.13. The company has a debt-to-equity ratio of 2.10, a current ratio of 6.36 and a quick ratio of 6.36. The business has a 50-day moving average of $4.33 and a 200-day moving average of $3.28.

SelectQuote (NYSE:SLQT) last posted its quarterly earnings results on Monday, February 10th. The company reported $0.30 earnings per share for the quarter, beating analysts’ consensus estimates of $0.09 by $0.21. SelectQuote had a negative return on equity of 4.38% and a negative net margin of 0.95%. As a group, sell-side analysts predict that SelectQuote, Inc. will post -0.07 earnings per share for the current fiscal year.

Insider Activity at SelectQuote

In other news, insider Sarah Taylor Anderson sold 50,000 shares of the company’s stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $5.44, for a total value of $272,000.00. Following the sale, the insider now directly owns 1,166 shares of the company’s stock, valued at approximately $6,343.04. This represents a 97.72 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 11.40% of the stock is owned by company insiders.

About SelectQuote

SelectQuote, Inc operates a technology-enabled, direct-to-consumer distribution platform that sells a range of insurance products and healthcare services in the United States. The company operates through three segments: Senior; Life; and Auto & Home. It distributes senior health policies, such as medicare advantage, medicare supplement, medicare part D, and other ancillary senior health insurance related products, including prescription drugs, dental, vision, and hearing plans; life insurance products, such as term life, final expense, and other ancillary products, including critical illness, accidental death, and juvenile insurance; homeowners, auto, dwelling fire, and other ancillary insurance products; and non-commercial auto and home property, and casualty policies.