Redmond Asset Management LLC acquired a new position in shares of Trupanion Inc (NASDAQ:TRUP) in the second quarter, Holdings Channel reports. The firm acquired 16,819 shares of the financial services provider’s stock, valued at approximately $608,000.
Several other hedge funds and other institutional investors also recently modified their holdings of TRUP. Clearbridge Investments LLC raised its stake in Trupanion by 38.6% in the first quarter. Clearbridge Investments LLC now owns 1,220,505 shares of the financial services provider’s stock valued at $39,959,000 after buying an additional 339,812 shares during the last quarter. Gilder Gagnon Howe & Co. LLC purchased a new stake in Trupanion in the first quarter valued at about $5,702,000. State of New Jersey Common Pension Fund D raised its stake in Trupanion by 12.5% in the first quarter. State of New Jersey Common Pension Fund D now owns 540,000 shares of the financial services provider’s stock valued at $17,680,000 after buying an additional 60,000 shares during the last quarter. Baillie Gifford & Co. raised its stake in Trupanion by 3.0% in the first quarter. Baillie Gifford & Co. now owns 1,332,260 shares of the financial services provider’s stock valued at $43,618,000 after buying an additional 39,219 shares during the last quarter. Finally, Dimensional Fund Advisors LP purchased a new stake in Trupanion in the fourth quarter valued at about $860,000. Hedge funds and other institutional investors own 96.88% of the company’s stock.
Shares of TRUP stock traded up $0.11 during mid-day trading on Thursday, reaching $29.60. The stock had a trading volume of 3,551 shares, compared to its average volume of 201,998. The business has a fifty day moving average of $33.31. The company has a current ratio of 1.80, a quick ratio of 1.80 and a debt-to-equity ratio of 0.15. The company has a market cap of $1.06 billion, a price-to-earnings ratio of -987.67 and a beta of 1.31. Trupanion Inc has a 1-year low of $22.38 and a 1-year high of $40.26.
Trupanion (NASDAQ:TRUP) last announced its quarterly earnings data on Tuesday, July 30th. The financial services provider reported ($0.06) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.03). The firm had revenue of $92.20 million during the quarter, compared to analyst estimates of $91.17 million. Trupanion had a negative net margin of 0.68% and a negative return on equity of 1.77%. The firm’s revenue for the quarter was up 24.8% on a year-over-year basis. During the same period in the prior year, the company posted ($0.01) earnings per share. Analysts forecast that Trupanion Inc will post -0.12 earnings per share for the current year.
A number of equities research analysts have commented on TRUP shares. Northland Securities reiterated a “buy” rating and issued a $40.00 price target on shares of Trupanion in a research note on Wednesday, July 31st. Zacks Investment Research cut Trupanion from a “hold” rating to a “sell” rating in a research note on Friday, August 2nd. ValuEngine upgraded Trupanion from a “buy” rating to a “strong-buy” rating in a research note on Thursday, August 8th. BidaskClub cut Trupanion from a “buy” rating to a “hold” rating in a research note on Friday, July 19th. Finally, Royal Bank of Canada set a $38.00 price target on Trupanion and gave the company a “buy” rating in a research note on Wednesday, July 31st. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $40.33.
In other news, CEO Darryl Rawlings sold 4,000 shares of the stock in a transaction dated Tuesday, June 4th. The stock was sold at an average price of $29.95, for a total value of $119,800.00. Following the transaction, the chief executive officer now directly owns 1,527,120 shares of the company’s stock, valued at $45,737,244. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Dan Levitan sold 15,000 shares of the stock in a transaction dated Friday, May 31st. The shares were sold at an average price of $29.56, for a total value of $443,400.00. Following the completion of the transaction, the director now directly owns 73,487 shares in the company, valued at $2,172,275.72. The disclosure for this sale can be found here. Insiders sold 47,850 shares of company stock worth $1,510,083 over the last three months. Corporate insiders own 13.61% of the company’s stock.
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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