Slide Insurance (NASDAQ:SLDE) Sets New 52-Week Low - Here's Why

Shares of Slide Insurance Holdings, Inc. (NASDAQ:SLDE - Get Free Report) hit a new 52-week low on Tuesday . The company traded as low as $18.54 and last traded at $18.84, with a volume of 60276 shares changing hands. The stock had previously closed at $19.47.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen raised Slide Insurance to a "hold" rating in a research note on Saturday.

Slide Insurance Price Performance

Insider Buying and Selling at Slide Insurance

In other Slide Insurance news, Director Beth Witte Bruce sold 31,029 shares of the firm's stock in a transaction that occurred on Monday, June 23rd. The stock was sold at an average price of $15.81, for a total value of $490,568.49. Following the sale, the director owned 251,645 shares of the company's stock, valued at $3,978,507.45. This trade represents a 10.98% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Robert Gries, Jr. sold 358,457 shares of the firm's stock in a transaction that occurred on Friday, June 20th. The shares were sold at an average price of $15.81, for a total value of $5,667,205.17. Following the completion of the sale, the director directly owned 2,031,265 shares in the company, valued at $32,114,299.65. This trade represents a 15.00% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 427,482 shares of company stock valued at $6,758,490 in the last 90 days.

Slide Insurance Company Profile

Launched in 2021, we are a technology enabled, fast-growing, coastal specialty insurer. We focus on profitable underwriting of single family and condominium policies in the property and casualty (“P&C”) industry in coastal states along the Atlantic seaboard through our insurance subsidiary, Slide Insurance Company (“SIC”).

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