Jump Financial LLC Invests $125,000 in Clover Health Investments, Corp. (NASDAQ:CLOV)

Jump Financial LLC bought a new position in Clover Health Investments, Corp. (NASDAQ:CLOVFree Report) during the 4th quarter, Holdings Channel.com reports. The firm bought 131,200 shares of the company’s stock, valued at approximately $125,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Vanguard Personalized Indexing Management LLC bought a new stake in Clover Health Investments in the third quarter valued at $25,000. Allspring Global Investments Holdings LLC bought a new stake in Clover Health Investments in the third quarter valued at $26,000. Rathbones Group PLC bought a new stake in Clover Health Investments in the third quarter valued at $27,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Clover Health Investments by 68.9% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 75,444 shares of the company’s stock valued at $72,000 after acquiring an additional 30,776 shares in the last quarter. Finally, Turtle Creek Wealth Advisors LLC bought a new stake in Clover Health Investments in the fourth quarter valued at $162,000. Institutional investors own 19.77% of the company’s stock.

Insider Activity

In other Clover Health Investments news, Director Anna U. Loengard bought 137,000 shares of the company’s stock in a transaction dated Thursday, March 14th. The shares were purchased at an average price of $0.73 per share, for a total transaction of $100,010.00. Following the acquisition, the director now owns 538,841 shares in the company, valued at approximately $393,353.93. The purchase was disclosed in a filing with the SEC, which is available at this link. Company insiders own 22.28% of the company’s stock.

Clover Health Investments Stock Up 2.0 %

NASDAQ:CLOV opened at $1.03 on Thursday. The stock has a market cap of $511.33 million, a P/E ratio of -3.03 and a beta of 1.88. The firm’s fifty day simple moving average is $0.78 and its 200 day simple moving average is $0.89. Clover Health Investments, Corp. has a twelve month low of $0.61 and a twelve month high of $1.63.

Clover Health Investments (NASDAQ:CLOVGet Free Report) last released its quarterly earnings results on Tuesday, May 7th. The company reported ($0.05) earnings per share for the quarter, beating the consensus estimate of ($0.07) by $0.02. Clover Health Investments had a negative net margin of 8.63% and a negative return on equity of 48.07%. The business had revenue of $346.92 million for the quarter, compared to analysts’ expectations of $316.10 million. On average, analysts expect that Clover Health Investments, Corp. will post -0.21 EPS for the current fiscal year.

Clover Health Investments Company Profile

(Free Report)

Clover Health Investments, Corp. provides medicare advantage plans in the United States. It operates through two segments: Insurance and Non-Insurance. It also offers Clover Assistant, a cloud-based software platform, that enables physicians to detect, identify, and manage chronic diseases earlier; and access to data-driven and personalized insights for the patients they treat.

Further Reading

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Institutional Ownership by Quarter for Clover Health Investments (NASDAQ:CLOV)

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