Monarch Partners Asset Management LLC Grows Stock Holdings in Health Insurance Innovations Inc (NASDAQ:HIIQ)

Monarch Partners Asset Management LLC boosted its holdings in shares of Health Insurance Innovations Inc (NASDAQ:HIIQ) by 28.3% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 14,345 shares of the financial services provider’s stock after purchasing an additional 3,160 shares during the quarter. Monarch Partners Asset Management LLC owned about 0.10% of Health Insurance Innovations worth $358,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the stock. SG Americas Securities LLC purchased a new stake in Health Insurance Innovations during the third quarter valued at $115,000. First Trust Advisors LP increased its position in Health Insurance Innovations by 30.6% during the third quarter. First Trust Advisors LP now owns 25,041 shares of the financial services provider’s stock valued at $624,000 after acquiring an additional 5,862 shares during the last quarter. Alpine Woods Capital Investors LLC increased its position in Health Insurance Innovations by 199.7% during the third quarter. Alpine Woods Capital Investors LLC now owns 23,676 shares of the financial services provider’s stock valued at $590,000 after acquiring an additional 15,776 shares during the last quarter. CAPROCK Group Inc. increased its position in Health Insurance Innovations by 31.8% during the third quarter. CAPROCK Group Inc. now owns 81,699 shares of the financial services provider’s stock valued at $2,037,000 after acquiring an additional 19,699 shares during the last quarter. Finally, Janney Montgomery Scott LLC bought a new position in Health Insurance Innovations during the third quarter valued at $519,000. 93.48% of the stock is currently owned by institutional investors.

HIIQ has been the topic of a number of analyst reports. ValuEngine cut shares of Health Insurance Innovations from a “hold” rating to a “sell” rating in a research report on Monday, November 4th. Raymond James cut their price objective on shares of Health Insurance Innovations from $50.00 to $40.00 and set an “outperform” rating on the stock in a research report on Monday, October 14th. BidaskClub cut shares of Health Insurance Innovations from a “hold” rating to a “sell” rating in a research report on Thursday. Zacks Investment Research cut shares of Health Insurance Innovations from a “hold” rating to a “sell” rating in a research report on Wednesday, October 30th. Finally, Lake Street Capital cut their price objective on shares of Health Insurance Innovations from $50.00 to $40.00 and set a “buy” rating on the stock in a research report on Tuesday, August 6th. Three equities research analysts have rated the stock with a sell rating and six have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $47.71.

HIIQ stock traded down $0.02 during mid-day trading on Friday, reaching $24.37. 313,500 shares of the stock traded hands, compared to its average volume of 753,363. The stock has a market capitalization of $344.29 million, a PE ratio of 13.24 and a beta of 1.43. The company has a debt-to-equity ratio of 1.45, a quick ratio of 0.99 and a current ratio of 0.99. The business has a 50-day moving average price of $25.38 and a two-hundred day moving average price of $23.42. Health Insurance Innovations Inc has a one year low of $16.25 and a one year high of $46.60.

Health Insurance Innovations Company Profile

Health Insurance Innovations, Inc operates as a cloud-based technology platform and distributor of individual and family health insurance plans, and supplemental products in the United States. It offers short-term medical plans that provide 3 months to 12 months of health insurance coverage with various deductible and copay levels; health benefit insurance plans, which offer fixed cash benefits and additional benefits for procedures and services; and supplemental insurance products, including life insurance policies, dental plans, vision plans, cancer/critical illness plans, deductible and gap protection plans, and pharmacy benefit cards.

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Institutional Ownership by Quarter for Health Insurance Innovations (NASDAQ:HIIQ)

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