Park West Asset Management LLC Buys Shares of 64,349 HCI Group, Inc. (NYSE:HCI)

Park West Asset Management LLC bought a new stake in HCI Group, Inc. (NYSE:HCI - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 64,349 shares of the insurance provider's stock, valued at approximately $7,499,000. Park West Asset Management LLC owned 0.61% of HCI Group at the end of the most recent quarter.

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

HCI Group Stock Up 1.4 %

Shares of NYSE:HCI traded up $1.97 during midday trading on Friday, reaching $147.33. The company had a trading volume of 80,187 shares, compared to its average volume of 143,686. The stock has a market capitalization of $1.59 billion, a P/E ratio of 12.31 and a beta of 1.23. The stock's fifty day moving average price is $140.85 and its 200-day moving average price is $125.20. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.47 and a quick ratio of 0.47. HCI Group, Inc. has a one year low of $83.65 and a one year high of $151.88.

HCI Group (NYSE:HCI - Get Free Report) last released its earnings results on Thursday, February 27th. The insurance provider reported $0.31 earnings per share for the quarter, topping the consensus estimate of ($2.75) by $3.06. HCI Group had a net margin of 19.37% and a return on equity of 34.17%. The company had revenue of $161.88 million during the quarter, compared to the consensus estimate of $175.11 million. Equities research analysts expect that HCI Group, Inc. will post 6.78 earnings per share for the current fiscal year.

HCI Group Announces Dividend

The company 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 1.09%. The ex-dividend date is Friday, May 16th. HCI Group's dividend payout ratio is presently 18.18%.

About HCI Group

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.