324,395 Shares in Slide Insurance Holdings, Inc. $SLDE Bought by Boston Partners

Boston Partners purchased a new stake in Slide Insurance Holdings, Inc. (NASDAQ:SLDE) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 324,395 shares of the company’s stock, valued at approximately $7,024,000. Boston Partners owned 0.26% of Slide Insurance at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Emerald Mutual Fund Advisers Trust acquired a new stake in Slide Insurance in the 2nd quarter valued at approximately $4,387,000. Stratos Wealth Partners LTD. acquired a new position in Slide Insurance during the 2nd quarter worth approximately $238,000. Emerald Advisers LLC bought a new position in shares of Slide Insurance during the 2nd quarter worth approximately $708,000. Opal Wealth Advisors LLC acquired a new stake in shares of Slide Insurance in the second quarter valued at approximately $53,000. Finally, Levin Capital Strategies L.P. bought a new stake in shares of Slide Insurance in the second quarter worth $217,000.

Slide Insurance Stock Performance

NASDAQ:SLDE opened at $16.59 on Friday. Slide Insurance Holdings, Inc. has a 12-month low of $12.53 and a 12-month high of $25.90. The company has a 50 day simple moving average of $15.25.

Slide Insurance (NASDAQ:SLDE) last issued its earnings results on Wednesday, November 5th. The company reported $0.79 EPS for the quarter, topping the consensus estimate of $0.49 by $0.30. The business had revenue of $265.69 million for the quarter, compared to the consensus estimate of $279.36 million.

Slide Insurance declared that its Board of Directors has authorized a stock buyback plan on Wednesday, August 27th that authorizes the company to repurchase $0.00 in outstanding shares. This repurchase authorization authorizes the company to purchase shares of its stock through open market purchases. Shares repurchase plans are usually a sign that the company’s board of directors believes its shares are undervalued.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on SLDE shares. Zacks Research raised shares of Slide Insurance from a “hold” rating to a “strong-buy” rating in a research report on Thursday, November 6th. Piper Sandler raised their price objective on Slide Insurance from $18.00 to $21.00 and gave the company an “overweight” rating in a report on Thursday, November 6th. Morgan Stanley raised Slide Insurance from an “equal weight” rating to an “overweight” rating and set a $18.00 target price on the stock in a research report on Thursday, September 25th. Weiss Ratings reissued a “sell (d+)” rating on shares of Slide Insurance in a research report on Wednesday, October 8th. Finally, Keefe, Bruyette & Woods boosted their price target on Slide Insurance from $19.00 to $22.00 and gave the stock an “outperform” rating in a research report on Thursday, November 6th. Two research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Slide Insurance has an average rating of “Buy” and an average price target of $22.67.

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”).