Hagerty (NYSE:HGTY) Shares Down 3.6%

Hagerty, Inc. (NYSE:HGTY – Get Rating)’s stock price fell 3.6% on Tuesday . The company traded as low as $9.22 and last traded at $9.24. 53,431 shares traded hands during trading, a decline of 47% from the average session volume of 100,051 shares. The stock had previously closed at $9.59.

Hagerty Stock Performance

The company has a quick ratio of 1.46, a current ratio of 1.46 and a debt-to-equity ratio of 0.35. The company has a market cap of $3.09 billion, a PE ratio of -16.21 and a beta of 0.72. The stock’s 50 day simple moving average is $9.10 and its two-hundred day simple moving average is $9.61.

Hedge Funds Weigh In On Hagerty

A number of hedge funds have recently made changes to their positions in the business. Wasatch Advisors Inc. raised its stake in shares of Hagerty by 3.3% in the 1st quarter. Wasatch Advisors Inc. now owns 7,025,761 shares of the company’s stock valued at $75,808,000 after acquiring an additional 224,842 shares during the period. Vanguard Group Inc. raised its stake in shares of Hagerty by 46.2% in the 3rd quarter. Vanguard Group Inc. now owns 1,987,616 shares of the company’s stock valued at $17,869,000 after acquiring an additional 628,530 shares during the period. Neuberger Berman Group LLC purchased a new position in shares of Hagerty in the 4th quarter valued at $14,117,000. Granahan Investment Management LLC increased its stake in Hagerty by 14.9% during the 4th quarter. Granahan Investment Management LLC now owns 1,593,408 shares of the company’s stock worth $13,401,000 after buying an additional 206,690 shares during the period. Finally, Fenimore Asset Management Inc. increased its stake in Hagerty by 15.3% during the 4th quarter. Fenimore Asset Management Inc. now owns 921,712 shares of the company’s stock worth $7,752,000 after buying an additional 122,444 shares during the period. Hedge funds and other institutional investors own 20.30% of the company’s stock.

Hagerty Company Profile

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Hagerty, Inc provides insurance agency services worldwide. It offers automobile and boat insurance products; and reinsurance products. The company also provides Hagerty Media, which publishes contents through the HDC Magazine, video content, YouTube channel; 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; HVT, a valuation tool used by the customer to access current and historic pricing data of collector car, truck, SUV, and motorcycle models; and Hagerty Events, an eclectic mix of small and large events.

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