Hagerty (NYSE:HGTY) Shares Gap Down to $9.57

Hagerty, Inc. (NYSE:HGTY – Get Rating)’s share price gapped down before the market opened on Friday . The stock had previously closed at $9.57, but opened at $9.26. Hagerty shares last traded at $9.26, with a volume of 10 shares changing hands.

Hagerty Price Performance

The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 0.30. The business has a 50-day moving average of $11.30 and a 200 day moving average of $10.90.

Hagerty (NYSE:HGTY – Get Rating) last posted its quarterly earnings data on Wednesday, August 10th. The company reported ($0.07) EPS for the quarter. The company had revenue of $206.02 million during the quarter.

Institutional Trading of Hagerty

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. CoreCap Advisors LLC purchased a new stake in Hagerty in the second quarter worth about $34,000. Redmond Asset Management LLC increased its position in Hagerty by 3.7% in the first quarter. Redmond Asset Management LLC now owns 89,032 shares of the company’s stock worth $961,000 after buying an additional 3,171 shares in the last quarter. Citigroup Inc. purchased a new stake in Hagerty in the first quarter worth about $61,000. Legal & General Group Plc purchased a new stake in Hagerty in the second quarter worth about $71,000. Finally, B. Metzler seel. Sohn & Co. AG increased its position in Hagerty by 34.1% in the first quarter. B. Metzler seel. Sohn & Co. AG now owns 36,120 shares of the company’s stock worth $390,000 after buying an additional 9,176 shares in the last quarter. Hedge funds and other institutional investors own 19.77% of the company’s stock.

About Hagerty

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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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