Graham Capital Management L.P. Makes New Investment in Trupanion, Inc. (NASDAQ:TRUP)

Graham Capital Management L.P. purchased a new stake in Trupanion, Inc. (NASDAQ:TRUP - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 7,365 shares of the financial services provider's stock, valued at approximately $355,000.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Vanguard Group Inc. lifted its position in shares of Trupanion by 1.3% in the fourth quarter. Vanguard Group Inc. now owns 3,596,725 shares of the financial services provider's stock valued at $173,362,000 after acquiring an additional 45,653 shares in the last quarter. Marshall Wace LLP raised its position in shares of Trupanion by 6.9% in the fourth quarter. Marshall Wace LLP now owns 901,645 shares of the financial services provider's stock valued at $43,459,000 after buying an additional 57,804 shares during the last quarter. Balyasny Asset Management L.P. lifted its stake in shares of Trupanion by 368.2% during the fourth quarter. Balyasny Asset Management L.P. now owns 841,254 shares of the financial services provider's stock valued at $40,548,000 after buying an additional 661,559 shares during the period. Baillie Gifford & Co. boosted its position in Trupanion by 26.6% during the fourth quarter. Baillie Gifford & Co. now owns 701,366 shares of the financial services provider's stock worth $33,806,000 after acquiring an additional 147,341 shares during the last quarter. Finally, Northern Trust Corp grew its stake in Trupanion by 9.0% in the 4th quarter. Northern Trust Corp now owns 368,236 shares of the financial services provider's stock worth $17,749,000 after acquiring an additional 30,549 shares during the period.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on TRUP shares. Lake Street Capital decreased their price objective on Trupanion from $65.00 to $60.00 and set a "buy" rating on the stock in a report on Friday, May 2nd. Piper Sandler decreased their price target on shares of Trupanion from $57.00 to $52.00 and set an "overweight" rating on the stock in a report on Thursday, February 20th. Finally, Stifel Nicolaus lowered their price objective on shares of Trupanion from $44.00 to $41.00 and set a "hold" rating for the company in a research note on Thursday, February 20th. Two research analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Trupanion currently has a consensus rating of "Moderate Buy" and an average target price of $51.80.

Trupanion Trading Up 0.8%

Shares of Trupanion stock traded up $0.34 during trading hours on Thursday, hitting $44.46. The company's stock had a trading volume of 49,989 shares, compared to its average volume of 607,038. Trupanion, Inc. has a 1-year low of $25.90 and a 1-year high of $57.90. The company has a market capitalization of $1.90 billion, a PE ratio of -192.96, a P/E/G ratio of 6.02 and a beta of 1.72. The company has a quick ratio of 1.66, a current ratio of 1.71 and a debt-to-equity ratio of 0.39. The business has a fifty day moving average of $38.62 and a 200 day moving average of $44.14.

Trupanion (NASDAQ:TRUP - Get Free Report) last issued its earnings results on Thursday, May 1st. The financial services provider reported ($0.03) earnings per share for the quarter, topping the consensus estimate of ($0.05) by $0.02. Trupanion had a negative return on equity of 3.08% and a negative net margin of 0.75%. The company had revenue of $341.98 million during the quarter, compared to the consensus estimate of $337.81 million. During the same quarter in the prior year, the business earned ($0.16) earnings per share. The company's revenue was up 11.7% compared to the same quarter last year. As a group, equities analysts forecast that Trupanion, Inc. will post 0.13 EPS for the current year.

Insider Activity

In other Trupanion news, CEO Margaret Tooth sold 2,294 shares of Trupanion stock in a transaction that occurred on Tuesday, March 4th. The stock was sold at an average price of $31.39, for a total transaction of $72,008.66. Following the sale, the chief executive officer now directly owns 118,784 shares in the company, valued at $3,728,629.76. The trade was a 1.89% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Emily Dreyer sold 14,025 shares of the stock in a transaction that occurred on Friday, March 7th. The shares were sold at an average price of $32.41, for a total value of $454,550.25. Following the transaction, the senior vice president now owns 27,645 shares of the company's stock, valued at approximately $895,974.45. This trade represents a 33.66% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 33,792 shares of company stock worth $1,122,802 over the last 90 days. Company insiders own 5.42% of the company's stock.

About Trupanion

Trupanion, Inc, together with its subsidiaries, provides medical insurance for cats and dogs on a monthly subscription basis in the United States, Canada, Continental Europe, and Australia. The company operates in two segments, Subscription Business and Other Business. It serves pet owners and veterinarians.