HCI Group, Inc. (NYSE:HCI) Position Raised by Hood River Capital Management LLC

Hood River Capital Management LLC increased its holdings in shares of HCI Group, Inc. (NYSE:HCI - Free Report) by 15.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 940,000 shares of the insurance provider's stock after acquiring an additional 127,332 shares during the quarter. HCI Group makes up about 1.6% of Hood River Capital Management LLC's holdings, making the stock its 9th largest position. Hood River Capital Management LLC owned about 8.92% of HCI Group worth $109,538,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of HCI. Khrom Capital Management LLC raised its stake in shares of HCI Group by 20.7% during the 4th quarter. Khrom Capital Management LLC now owns 796,170 shares of the insurance provider's stock worth $92,778,000 after purchasing an additional 136,642 shares during the period. Vanguard Group Inc. raised its position in HCI Group by 1.3% in the fourth quarter. Vanguard Group Inc. now owns 597,295 shares of the insurance provider's stock worth $69,603,000 after acquiring an additional 7,732 shares during the period. Wasatch Advisors LP raised its position in HCI Group by 288.9% in the fourth quarter. Wasatch Advisors LP now owns 294,349 shares of the insurance provider's stock worth $34,300,000 after acquiring an additional 218,664 shares during the period. Geode Capital Management LLC grew its position in shares of HCI Group by 3.5% during the 4th quarter. Geode Capital Management LLC now owns 227,567 shares of the insurance provider's stock valued at $26,524,000 after acquiring an additional 7,746 shares during the period. Finally, American Century Companies Inc. increased its stake in shares of HCI Group by 16.3% during the 4th quarter. American Century Companies Inc. now owns 168,466 shares of the insurance provider's stock worth $19,631,000 after purchasing an additional 23,610 shares during the last quarter. Hedge funds and other institutional investors own 86.99% of the company's stock.

HCI Group Stock Performance

HCI traded down $0.11 during trading hours on Monday, hitting $141.81. The stock had a trading volume of 34,380 shares, compared to its average volume of 144,007. The company's fifty day simple moving average is $138.18 and its 200 day simple moving average is $124.20. HCI Group, Inc. has a 1 year low of $83.65 and a 1 year high of $151.88. 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 $1.53 billion, a PE ratio of 11.85 and a beta of 1.12.

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, Inc. will post 6.78 earnings per share for the current year.

HCI Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 20th. Shareholders 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 1.13%. The ex-dividend date is Friday, May 16th. HCI Group's payout ratio is presently 18.18%.

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.