Walleye Capital LLC Takes $191,000 Position in Heritage Insurance Holdings, Inc. (NYSE:HRTG)

Walleye Capital LLC bought a new stake in Heritage Insurance Holdings, Inc. (NYSE:HRTG - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 15,786 shares of the insurance provider's stock, valued at approximately $191,000. Walleye Capital LLC owned about 0.05% of Heritage Insurance as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Mariner LLC purchased a new stake in Heritage Insurance in the 4th quarter valued at approximately $338,000. Barclays PLC lifted its position in shares of Heritage Insurance by 10.6% in the fourth quarter. Barclays PLC now owns 45,505 shares of the insurance provider's stock valued at $551,000 after acquiring an additional 4,370 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Heritage Insurance in the fourth quarter valued at $1,123,000. Martingale Asset Management L P acquired a new stake in shares of Heritage Insurance during the fourth quarter valued at $474,000. Finally, Invesco Ltd. increased its position in Heritage Insurance by 24.0% during the 4th quarter. Invesco Ltd. now owns 944,639 shares of the insurance provider's stock worth $11,430,000 after purchasing an additional 182,624 shares in the last quarter. Institutional investors and hedge funds own 59.03% of the company's stock.

Analyst Ratings Changes

Separately, StockNews.com lowered shares of Heritage Insurance from a "strong-buy" rating to a "buy" rating in a report on Tuesday, March 18th.

Heritage Insurance Trading Up 5.1 %

Shares of NYSE:HRTG traded up $0.96 during midday trading on Friday, reaching $19.81. The company's stock had a trading volume of 116,538 shares, compared to its average volume of 247,365. The firm has a market cap of $848.66 million, a price-to-earnings ratio of 7.92 and a beta of 0.93. The business has a 50 day moving average price of $14.93 and a 200 day moving average price of $12.77. Heritage Insurance Holdings, Inc. has a 1 year low of $6.14 and a 1 year high of $19.93. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.42.

Heritage Insurance (NYSE:HRTG - Get Free Report) last posted its quarterly earnings data on Tuesday, March 11th. The insurance provider reported $0.66 EPS for the quarter, beating analysts' consensus estimates of ($0.17) by $0.83. Heritage Insurance had a net margin of 9.10% and a return on equity of 29.17%. The company had revenue of $210.26 million during the quarter, compared to the consensus estimate of $199.87 million. Research analysts forecast that Heritage Insurance Holdings, Inc. will post 1.86 EPS for the current year.

Insider Buying and Selling at Heritage Insurance

In other Heritage Insurance news, Director Paul L. Whiting purchased 10,000 shares of the firm's stock in a transaction that occurred on Friday, March 14th. The stock was purchased at an average cost of $13.35 per share, with a total value of $133,500.00. Following the transaction, the director now owns 79,576 shares in the company, valued at approximately $1,062,339.60. This trade represents a 14.37 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Kirk Lusk acquired 6,000 shares of the business's stock in a transaction on Friday, March 14th. The stock was bought at an average cost of $13.85 per share, for a total transaction of $83,100.00. Following the completion of the transaction, the chief financial officer now directly owns 618,756 shares of the company's stock, valued at $8,569,770.60. This trade represents a 0.98 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have purchased a total of 21,000 shares of company stock worth $280,450 in the last quarter. 14.00% of the stock is owned by insiders.

Heritage Insurance Profile

Heritage Insurance Holdings, Inc, through its subsidiaries, provides personal and commercial residential insurance products. The company offers personal residential insurance in Alabama, California, Connecticut, Delaware, Florida, Georgia, Hawaii, Maryland, Massachusetts, Mississippi, New Jersey, New York, North Carolina, Rhode Island, South Carolina, and Virginia; commercial residential insurance for properties in Florida, New Jersey, and New York; and licensed in the state of Pennsylvania, as well as personal residential and wind-only property insurance.