Ieq Capital LLC bought a brand new place in Clover Well being Investments, Corp. (NASDAQ:CLOV – Get Score) within the 1st quarter, based on its most up-to-date submitting with the Securities and Alternate Fee. The agency bought 17,466 shares of the corporate’s inventory, valued at roughly $62,000.

Numerous different hedge funds and different institutional traders have additionally modified their holdings of the inventory. FNY Funding Advisers LLC raised its place in Clover Well being Investments by 3,500.0% within the fourth quarter. FNY Funding Advisers LLC now owns 7,200 shares of the corporate’s inventory value $26,000 after buying an extra 7,000 shares throughout the interval. Pictet Asset Administration SA raised its place in Clover Well being Investments by 75.5% within the fourth quarter. Pictet Asset Administration SA now owns 18,750 shares of the corporate’s inventory value $70,000 after buying an extra 8,065 shares throughout the interval. Performa Ltd US LLC raised its place in Clover Well being Investments by 733.3% within the fourth quarter. Performa Ltd US LLC now owns 10,000 shares of the corporate’s inventory value $37,000 after buying an extra 8,800 shares throughout the interval. Principal Monetary Group Inc. raised its place in Clover Well being Investments by 56.7% within the fourth quarter. Principal Monetary Group Inc. now owns 28,230 shares of the corporate’s inventory value $105,000 after buying an extra 10,214 shares throughout the interval. Lastly, Teamwork Monetary Advisors LLC purchased a brand new place in Clover Well being Investments within the fourth quarter value roughly $38,000. 23.26% of the inventory is owned by institutional traders.

CLOV opened at $2.44 on Friday. The corporate has a present ratio of 1.16, a fast ratio of 1.16 and a debt-to-equity ratio of 0.04. Clover Well being Investments, Corp. has a 1-year low of $1.95 and a 1-year excessive of $11.13. The corporate has a market capitalization of $1.15 billion, a PE ratio of -1.67 and a beta of 1.75. The agency’s 50 day easy transferring common is $2.44 and its two-hundred day easy transferring common is $2.79.

Clover Well being Investments (NASDAQ:CLOV – Get Score) final launched its quarterly earnings outcomes on Monday, Might ninth. The corporate reported ($0.19) earnings per share for the quarter, topping the consensus estimate of ($0.24) by $0.05. The enterprise had income of $874.38 million for the quarter, in comparison with the consensus estimate of $815.42 million. Clover Well being Investments had a unfavorable internet margin of 28.64% and a unfavorable return on fairness of 112.18%. Equities analysts forecast that Clover Well being Investments, Corp. will put up -1.04 earnings per share for the present fiscal yr.

Clover Well being Investments Profile (Get Score)

Clover Well being Investments, Corp. operates as a medicare benefit insurer in america. The corporate by its Clover Assistant, a software program platform that gives most well-liked supplier group and well being upkeep group well being plans for medicare-eligible shoppers. It additionally focuses on non-insurance companies.

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