Slide Insurance (NASDAQ:SLDE) Director Andrew Pardo Wright Sells 15,000 Shares

Slide Insurance Holdings, Inc. (NASDAQ:SLDE) Director Andrew Pardo Wright sold 15,000 shares of Slide Insurance stock in a transaction on Friday, May 1st. The stock was sold at an average price of $18.75, for a total value of $281,250.00. Following the transaction, the director owned 206,837 shares in the company, valued at approximately $3,878,193.75. This represents a 6.76% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Slide Insurance Stock Up 1.0%

NASDAQ SLDE opened at $18.61 on Wednesday. Slide Insurance Holdings, Inc. has a 52 week low of $12.53 and a 52 week high of $25.90. The company has a quick ratio of 1.34, a current ratio of 1.33 and a debt-to-equity ratio of 0.03. The business’s fifty day simple moving average is $18.23 and its 200-day simple moving average is $17.44. The firm has a market cap of $2.13 billion and a PE ratio of 5.17.

Slide Insurance (NASDAQ:SLDE) last posted its quarterly earnings results on Tuesday, April 28th. The company reported $1.02 EPS for the quarter, topping the consensus estimate of $0.82 by $0.20. The business had revenue of $389.28 million for the quarter. Slide Insurance had a return on equity of 48.38% and a net margin of 38.86%. As a group, equities analysts anticipate that Slide Insurance Holdings, Inc. will post 3.36 earnings per share for the current year.

Slide Insurance declared that its Board of Directors has approved a stock repurchase program on Tuesday, April 28th that authorizes the company to repurchase $100.00 million in outstanding shares. This repurchase authorization authorizes the company to repurchase up to 4.3% of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s board believes its stock is undervalued.

Institutional Trading of Slide Insurance

A number of institutional investors and hedge funds have recently bought and sold shares of SLDE. Comerica Bank grew its position in shares of Slide Insurance by 3,462.2% during the fourth quarter. Comerica Bank now owns 1,318 shares of the company’s stock worth $26,000 after buying an additional 1,281 shares in the last quarter. CWM LLC acquired a new position in shares of Slide Insurance during the fourth quarter worth about $35,000. Ameritas Investment Partners Inc. acquired a new position in shares of Slide Insurance during the third quarter worth about $35,000. Aster Capital Management DIFC Ltd acquired a new position in shares of Slide Insurance during the fourth quarter worth about $47,000. Finally, Caitong International Asset Management Co. Ltd grew its position in shares of Slide Insurance by 4,839.2% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 2,519 shares of the company’s stock worth $49,000 after buying an additional 2,468 shares in the last quarter.

Analysts Set New Price Targets

A number of analysts have issued reports on the stock. Keefe, Bruyette & Woods boosted their price target on shares of Slide Insurance from $22.00 to $23.00 and gave the stock an “outperform” rating in a research note on Monday, March 9th. Barclays boosted their price target on shares of Slide Insurance from $29.00 to $31.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 29th. Zacks Research lowered shares of Slide Insurance from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 27th. Texas Capital upgraded shares of Slide Insurance to a “strong-buy” rating in a research note on Wednesday, March 18th. Finally, Wall Street Zen lowered shares of Slide Insurance from a “buy” rating to a “hold” rating in a research note on Saturday, April 11th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $24.80.

Key Stories Impacting Slide Insurance

Here are the key news stories impacting Slide Insurance this week:

• Positive Sentiment: Slide launched an excess & surplus (E&S) homeowners program in California to address a shrinking market and expand its coastal-specialty footprint — a clear growth and market-share move for a high-demand state. Slide Insurance Expands Homeowners Coverage to California
• Positive Sentiment: Recent quarterly results and capital actions support valuation: Slide beat EPS estimates and reported strong margins/ROE, and management authorized a $100M buyback (represents roughly ~4% of shares) — both are constructive for earnings per share and investor sentiment. MarketBeat: Slide Insurance profile & earnings
• Positive Sentiment: Analyst coverage remains largely bullish with several firms raising price targets (e.g., Barclays raised its PT), supporting a consensus “Moderate Buy” view and a mid-$20s target. Analyst notes
• Neutral Sentiment: Some institutional flows show modest adjustments (small buys by a few funds) — not large enough to materially shift control but worth monitoring for trend changes. Institutional holdings summary
• Negative Sentiment: CEO Bruce Lucas sold large blocks across May 1 and May 4 (total ~152k shares, proceeds ? $2.9M) — a sizeable, disclosed insider sale that can raise short-term investor concern. SEC Filing
• Negative Sentiment: COO Shannon Lucas has been selling repeatedly in recent weeks (multiple transactions totaling tens of thousands of shares), trimming her stake — adds to the week’s insider selling signal. SEC Filing
• Negative Sentiment: CFO Anastasios Omiridis sold 9,000 shares on May 4 and now holds only 330 shares (a >96% reduction) — a sharp decline in CFO ownership that some investors may view as a governance/alignment concern. SEC Filing
• Negative Sentiment: Additional insider selling (e.g., Charles William Powell) further increases supply pressure and may weigh on near-term sentiment. Article: Powell Sells Shares

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”). We utilize our differentiated technology and data-driven approach to focus on market opportunities that are underserved by other insurance companies. We acquire policies both from inorganic block acquisitions and subsequent renewals, as well as new business sales through a combination of independent agents and our direct-to-consumer(“DTC”) channel, through which we sell our insurance products directly to end consumers, without the use of retailers, brokers, agents or other intermediaries.