Nine Ten Capital Management LLC raised its stake in Trupanion Inc (NASDAQ:TRUP) by 8.1% during the fourth quarter, Holdings Channel reports. The institutional investor owned 3,019,914 shares of the financial services provider’s stock after acquiring an additional 227,423 shares during the period. Trupanion comprises about 25.3% of Nine Ten Capital Management LLC’s investment portfolio, making the stock its 2nd largest position. Nine Ten Capital Management LLC owned 0.09% of Trupanion worth $76,887,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. BlackRock Inc. grew its position in shares of Trupanion by 4.2% in the 4th quarter. BlackRock Inc. now owns 1,803,036 shares of the financial services provider’s stock valued at $45,905,000 after buying an additional 73,488 shares during the last quarter. Alliancebernstein L.P. boosted its position in shares of Trupanion by 19.3% during the 3rd quarter. Alliancebernstein L.P. now owns 1,556,323 shares of the financial services provider’s stock valued at $55,607,000 after purchasing an additional 251,931 shares in the last quarter. Baillie Gifford & Co. boosted its position in shares of Trupanion by 2.0% during the 4th quarter. Baillie Gifford & Co. now owns 1,293,041 shares of the financial services provider’s stock valued at $32,921,000 after purchasing an additional 25,349 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of Trupanion by 3.7% during the 3rd quarter. Vanguard Group Inc. now owns 1,188,206 shares of the financial services provider’s stock valued at $42,455,000 after purchasing an additional 42,652 shares in the last quarter. Finally, Vanguard Group Inc boosted its position in shares of Trupanion by 3.7% during the 3rd quarter. Vanguard Group Inc now owns 1,188,206 shares of the financial services provider’s stock valued at $42,455,000 after purchasing an additional 42,652 shares in the last quarter. Hedge funds and other institutional investors own 97.01% of the company’s stock.
Several equities research analysts recently commented on TRUP shares. ValuEngine lowered Trupanion from a “buy” rating to a “hold” rating in a research report on Wednesday, March 6th. BidaskClub lowered Trupanion from a “buy” rating to a “hold” rating in a research report on Tuesday, December 18th. Finally, Zacks Investment Research upgraded Trupanion from a “hold” rating to a “strong-buy” rating and set a $31.00 target price on the stock in a research report on Tuesday, January 15th. Two investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $44.38.
In other Trupanion news, Director Howard E. Rubin sold 17,586 shares of the stock in a transaction that occurred on Tuesday, February 12th. The stock was sold at an average price of $29.00, for a total value of $509,994.00. Following the transaction, the director now owns 188,739 shares in the company, valued at $5,473,431. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Darryl Rawlings sold 4,000 shares of the stock in a transaction that occurred on Wednesday, January 2nd. The stock was sold at an average price of $25.97, for a total value of $103,880.00. Following the completion of the transaction, the insider now owns 1,559,421 shares in the company, valued at approximately $40,498,163.37. The disclosure for this sale can be found here. In the last quarter, insiders sold 141,486 shares of company stock worth $4,132,984. Corporate insiders own 20.70% of the company’s stock.
Shares of NASDAQ:TRUP opened at $30.44 on Wednesday. The company has a market capitalization of $1.03 billion, a price-to-earnings ratio of -1,014.67 and a beta of 1.18. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.87 and a current ratio of 1.87. Trupanion Inc has a 52-week low of $22.38 and a 52-week high of $46.70.
Trupanion (NASDAQ:TRUP) last announced its quarterly earnings results on Wednesday, February 13th. The financial services provider reported ($0.01) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.01 by ($0.02). The firm had revenue of $82.64 million during the quarter, compared to the consensus estimate of $82.16 million. Trupanion had a negative return on equity of 0.88% and a negative net margin of 0.30%. The company’s quarterly revenue was up 24.2% compared to the same quarter last year. Equities research analysts anticipate that Trupanion Inc will post 0.11 earnings per share for the current year.
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Trupanion, Inc, together with its subsidiaries, provides medical insurance for cats and dogs on monthly subscription basis in the United States, Canada, and Puerto Rico. The company operates through Subscription Business and Other Business segments. It serves pet owners and veterinarians through third-party referrals and online member acquisition channels.
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