Ieq Capital LLC Takes $62,000 Position in Clover Health Investments, Corp. (NASDAQ:CLOV)

Ieq Cash LLC ordered a new stake in shares of Clover Health and fitness Investments, Corp. (NASDAQ:CLOV – Get Score) throughout the 1st quarter, in accordance to its most latest submitting with the Securities & Trade Fee. The institutional trader bought 17,466 shares of the company’s inventory, valued at around $62,000.

Several other institutional buyers and hedge resources also a short while ago created improvements to their positions in the firm. FNY Investment decision Advisers LLC increased its placement in shares of Clover Well being Investments by 3,500.% in the fourth quarter. FNY Expenditure Advisers LLC now owns 7,200 shares of the company’s inventory worthy of $26,000 following paying for an more 7,000 shares in the course of the very last quarter. Performa Ltd US LLC increased its situation in shares of Clover Health and fitness Investments by 733.3% in the fourth quarter. Performa Ltd US LLC now owns 10,000 shares of the company’s stock worth $37,000 immediately after acquiring an additional 8,800 shares for the duration of the very last quarter. Unbiased Prosperity Community Inc. purchased a new position in shares of Clover Overall health Investments in the to start with quarter worth roughly $37,000. Teamwork Money Advisors LLC bought a new placement in shares of Clover Health Investments in the fourth quarter truly worth about $38,000. At last, Parametrica Management Ltd purchased a new place in shares of Clover Well being Investments in the fourth quarter well worth about $43,000. Hedge cash and other institutional investors individual 23.26% of the company’s stock.

CLOV inventory opened at $2.44 on Friday. The enterprise has a present-day ratio of 1.16, a quick ratio of 1.16 and a credit card debt-to-equity ratio of .04. The company’s 50 working day transferring typical is $2.44 and its 200 working day relocating typical is $2.79. The inventory has a industry cap of $1.15 billion, a rate-to-earnings ratio of -1.67 and a beta of 1.75. Clover Well being Investments, Corp. has a 1-calendar year minimal of $1.95 and a 1-year superior of $11.13.

Clover Well being Investments (NASDAQ:CLOV – Get Rating) final issued its earnings results on Monday, Could 9th. The company noted ($.19) earnings for every share (EPS) for the quarter, topping the consensus estimate of ($.24) by $.05. The small business experienced profits of $874.38 million during the quarter, as opposed to analyst estimates of $815.42 million. Clover Wellbeing Investments had a destructive return on fairness of 112.18% and a negative web margin of 28.64%. As a group, offer-aspect analysts forecast that Clover Wellbeing Investments, Corp. will post -1.04 EPS for the present-day fiscal yr.

Clover Wellbeing Investments Business Profile (Get Score)

Clover Wellness Investments, Corp. operates as a medicare advantage insurer in the United States. The firm by way of its Clover Assistant, a software program platform that offers most well-liked supplier group and well being servicing group health and fitness options for medicare-qualified consumers. It also focuses on non-insurance policies organizations.

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