Saturday, June 25, 2022

Director Watts Susan bought 500 shares of HCI Group Inc. [HCI]

The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. HCI Group Inc. shares valued at $31,185 were purchased by Watts Susan on Jun 21. At $62.37 per share, Watts Susan acquired 500 shares. The insider’s holdings grew to 5,190 shares worth approximately $0.33 million following the completion of this transaction.

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Also, Politis Gregory purchased 1,000 shares, netting a total of over 64,500 in proceeds. Following the buying of shares at $64.50 each, the insider now holds 210,117 shares.

Before that, Politis Gregory had added 2,000 shares to its account. In a trade valued at $136,750, the Director bought HCI Group Inc. shares for $68.38 each. Upon closing the transaction, the insider’s holdings increased to 2,000 shares, worth approximately $13.23 million.

As published in a research note from Keefe Bruyette on March 11, 2019, HCI Group Inc. [HCI] has been rated up from an Underperform to a Mkt perform and the price target has been revised to $42 from $52. This represents a -50.64% premium over Wednesday’s closing price. Analysts at Keefe Bruyette downgraded the stock from ‘”a Mkt perform”‘ to ‘”an Underperform”‘ outlook in a report released in mid December. As of September 11, 2017, Sidoti has increased its “Neutral” rating to a “Buy” for HCI. Earlier on April 07, 2017, SunTrust initiated its rating. Their recommendation was “a Buy” for HCI stock.

Analyzing HCI’s Price Performance

On Wednesday, HCI Group Inc. [NYSE: HCI] rose 1.33% to $63.27. The stock’s lowest price that day was $61.90, but it reached a high of $63.47 in the same session. During the last five days, there has been a surge of approximately 0.08%. Over the course of the year, HCI Group Inc. shares have dropped approximately -24.26%. Shares of the company reached a 52-week high of $86.97 on 01/03/22 and a 52-week low of $57.51 on 03/08/22. A 50-day SMA is recorded $65.75, while a 200-day SMA reached $86.86. Nevertheless, trading volume fell to 56641.0 shares from 65500.0 shares the previous day.

Support And Resistance Levels for HCI Group Inc. (HCI)

According to the 24-hour chart, there is a support level at 62.29, which, if violated, would cause prices to drop to 61.31. In the upper region, resistance lies at 63.86. The next price resistance is at 64.45. RSI (Relative Strength Index) is 42.85 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.78, which suggests the price will decrease in the coming days. Percent R is at 66.36%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.

Is HCI Group Inc. subject to short interest?

Stocks of HCI Group Inc. saw a sharp steep in short interest on Apr 28, 2022 dropping by 97020.0 shares to 0.56 million. Data from Yahoo Finance shows that the short interest on Mar 30, 2022 was 0.66 million shares. A decline of -17.18% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 9.28 of the overall float, the days-to-cover ratio (short ratio) decline to 9.28.

Which companies own the most shares of HCI Group Inc. (HCI)?

According to BlackRock Fund Advisors filings, the company currently owns 1,092,859 shares, which is about 10.80% of the total HCI shares outstanding. The investor’s shares have appreciated by 2,216 from its previous 13-F filing of 1090643.0 shares. With the completion of the buy, Park West Asset Management LLC’s stake is now worth $48,642,255. The Vanguard Group, Inc. acquire a 4.08% interest valued at $37.23 million while Dimensional Fund Advisors LP purchased a 9,798 stake. A total of 333,907 shares of HCI Group Inc. were bought by Bernzott Capital Advisors during the quarter, and 38,452 were bought by Summit Partners Public Asset Mana. In its current portfolio, Voya Investment Management Co. LL holds 216,681 shares valued at $14.73 million.

In spite of this, 3 analysts ranked HCI Group Inc. stock as an Overweight at the end of 2022.

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