Hagerty (NYSE:HGTY) Shares Gap Up to $7.95

Hagerty, Inc. (NYSE:HGTY – Get Rating) gapped up before the market opened on Tuesday . The stock had previously closed at $7.95, but opened at $8.19. Hagerty shares last traded at $8.19, with a volume of 1 shares traded.

Wall Street Analyst Weigh In

Separately, Raymond James started coverage on shares of Hagerty in a research note on Thursday, October 20th. They issued a “market perform” rating for the company.

Hagerty Price Performance

The company has a debt-to-equity ratio of 0.35, a current ratio of 1.46 and a quick ratio of 1.46. The firm has a market capitalization of $2.64 billion, a P/E ratio of -13.88 and a beta of 0.58. The firm’s 50 day simple moving average is $8.62 and its two-hundred day simple moving average is $10.13.

Institutional Trading of Hagerty

Hedge funds have recently added to or reduced their stakes in the business. CoreCap Advisors LLC bought a new stake in Hagerty in the second quarter worth $34,000. Citigroup Inc. bought a new stake in Hagerty in the first quarter worth $61,000. Legal & General Group Plc bought a new position in shares of Hagerty during the second quarter valued at about $71,000. Tower Research Capital LLC TRC bought a new position in shares of Hagerty during the third quarter valued at about $88,000. Finally, Cambridge Investment Research Advisors Inc. bought a new position in shares of Hagerty during the third quarter valued at about $97,000. 20.30% of the stock is owned by institutional investors.

Hagerty Company Profile

(Get Rating)

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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