Short Interest in HCI Group, Inc. (NYSE:HCI) Declines By 17.5%

HCI Group, Inc. (NYSE:HCI - Get Free Report) was the recipient of a significant decline in short interest in the month of April. As of April 15th, there was short interest totalling 1,180,000 shares, a decline of 17.5% from the March 31st total of 1,430,000 shares. Based on an average daily trading volume, of 128,300 shares, the days-to-cover ratio is currently 9.2 days. Approximately 14.0% of the shares of the company are short sold.

HCI Group Stock Performance

HCI traded up $0.91 during trading hours on Monday, hitting $148.60. The stock had a trading volume of 93,242 shares, compared to its average volume of 143,561. The company has a quick ratio of 0.47, a current ratio of 0.47 and a debt-to-equity ratio of 0.40. The stock has a market cap of $1.60 billion, a PE ratio of 12.41 and a beta of 1.23. HCI Group has a 1 year low of $83.65 and a 1 year high of $151.88. The company's fifty day simple moving average is $140.85 and its 200 day simple moving average is $125.26.

HCI Group (NYSE:HCI - Get Free Report) last issued its earnings results on Thursday, February 27th. The insurance provider reported $0.31 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($2.75) by $3.06. The business had revenue of $161.88 million for the quarter, compared to analysts' expectations of $175.11 million. HCI Group had a net margin of 19.37% and a return on equity of 34.17%. Equities analysts anticipate that HCI Group will post 6.78 earnings per share for the current year.

HCI Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, June 20th. Investors of record on Friday, May 16th will be issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.08%. The ex-dividend date of this dividend is Friday, May 16th. HCI Group's dividend payout ratio (DPR) is presently 18.18%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of HCI. Principal Financial Group Inc. raised its position in shares of HCI Group by 16.4% in the third quarter. Principal Financial Group Inc. now owns 56,180 shares of the insurance provider's stock worth $6,015,000 after buying an additional 7,914 shares in the last quarter. Barclays PLC boosted its position in shares of HCI Group by 77.3% during the 3rd quarter. Barclays PLC now owns 15,501 shares of the insurance provider's stock valued at $1,659,000 after acquiring an additional 6,756 shares during the last quarter. Proficio Capital Partners LLC bought a new position in shares of HCI Group in the fourth quarter worth approximately $1,358,000. Invesco Ltd. raised its stake in HCI Group by 93.0% in the fourth quarter. Invesco Ltd. now owns 113,710 shares of the insurance provider's stock valued at $13,251,000 after purchasing an additional 54,803 shares in the last quarter. Finally, American Century Companies Inc. grew its stake in HCI Group by 16.3% in the 4th quarter. American Century Companies Inc. now owns 168,466 shares of the insurance provider's stock worth $19,631,000 after buying an additional 23,610 shares in the last quarter. 86.99% of the stock is owned by institutional investors.

HCI Group Company Profile

HCI Group, Inc, together with its subsidiaries, engages in the property and casualty insurance, insurance management, reinsurance, real estate, and information technology businesses in Florida. It provides residential insurance products, such as homeowners, fire, flood, and wind-only insurance to homeowners, condominium owners, and tenants for properties, as well as offers reinsurance programs.