Peregrine Capital Management LLC Has $22.02 Million Stake in BRP Group, Inc. (NASDAQ:BRP)

Peregrine Capital Management LLC increased its position in BRP Group, Inc. (NASDAQ:BRP - Free Report) by 56.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 916,920 shares of the company's stock after buying an additional 329,998 shares during the quarter. Peregrine Capital Management LLC owned about 0.79% of BRP Group worth $22,024,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in the company. Trust Point Inc. purchased a new position in shares of BRP Group in the 4th quarter worth $305,000. Altfest L J & Co. Inc. acquired a new stake in BRP Group in the 4th quarter valued at $244,000. Tributary Capital Management LLC increased its holdings in BRP Group by 11.7% in the 4th quarter. Tributary Capital Management LLC now owns 469,305 shares of the company's stock valued at $11,273,000 after purchasing an additional 48,980 shares in the last quarter. Raymond James & Associates acquired a new stake in BRP Group in the 4th quarter valued at $430,000. Finally, Diversified Trust Co increased its holdings in BRP Group by 4.1% in the 4th quarter. Diversified Trust Co now owns 23,950 shares of the company's stock valued at $575,000 after purchasing an additional 950 shares in the last quarter. 70.42% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts recently issued reports on BRP shares. Bank of America lowered their price target on BRP Group from $44.00 to $42.00 and set a "buy" rating for the company in a report on Thursday, February 29th. Keefe, Bruyette & Woods increased their price target on BRP Group from $30.00 to $33.00 and gave the company an "outperform" rating in a report on Thursday, February 29th. JPMorgan Chase & Co. upgraded BRP Group from a "neutral" rating to an "overweight" rating and raised their target price for the company from $27.00 to $33.00 in a research note on Monday. Finally, Raymond James upgraded BRP Group from an "outperform" rating to a "strong-buy" rating and set a $30.00 target price for the company in a research note on Tuesday, December 12th. Two investment analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $31.67.

BRP Group Stock Down 1.3 %

BRP Group stock traded down $0.37 during midday trading on Tuesday, hitting $28.66. The stock had a trading volume of 291,193 shares, compared to its average volume of 395,562. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 1.29. The stock has a market cap of $3.34 billion, a P/E ratio of -19.23, a P/E/G ratio of 0.80 and a beta of 1.54. BRP Group, Inc. has a 12 month low of $17.33 and a 12 month high of $30.84. The business has a fifty day moving average price of $27.35 and a 200 day moving average price of $23.98.

BRP Group (NASDAQ:BRP - Get Free Report) last announced its quarterly earnings data on Wednesday, February 28th. The company reported $0.01 earnings per share for the quarter, meeting the consensus estimate of $0.01. The firm had revenue of $284.65 million during the quarter, compared to analyst estimates of $282.00 million. BRP Group had a positive return on equity of 7.61% and a negative net margin of 7.40%. Research analysts predict that BRP Group, Inc. will post 1.07 EPS for the current year.

Insider Buying and Selling at BRP Group

In other BRP Group news, Director Lowry Baldwin sold 62,629 shares of BRP Group stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $28.94, for a total value of $1,812,483.26. Following the completion of the transaction, the director now directly owns 37,371 shares in the company, valued at $1,081,516.74. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other BRP Group news, General Counsel Seth Bala Cohen sold 1,033 shares of the company's stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $29.04, for a total value of $29,998.32. Following the completion of the sale, the general counsel now directly owns 10,657 shares in the company, valued at $309,479.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Lowry Baldwin sold 62,629 shares of the company's stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $28.94, for a total value of $1,812,483.26. Following the completion of the sale, the director now owns 37,371 shares of the company's stock, valued at $1,081,516.74. The disclosure for this sale can be found here. 22.65% of the stock is currently owned by insiders.

BRP Group Profile

BRP Group, Inc operates as an independent insurance distribution firm that delivers insurance and risk management solutions in the United States. It operates through three segments: Insurance Advisory Solutions; Underwriting, Capacity & Technology Solutions; and Mainstreet Insurance Solutions. The Insurance Advisory Solutions segment provides commercial risk management, employee benefits, and private risk management solutions for businesses and high-net-worth individuals, as well as their families.