Relative Value Partners Group LLC Acquires New Stake in Trupanion Inc (TRUP)

Relative Value Partners Group LLC acquired a new position in shares of Trupanion Inc (NASDAQ:TRUP) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 24,243 shares of the financial services provider’s stock, valued at approximately $725,000.

Several other hedge funds have also recently bought and sold shares of the company. Nine Ten Capital Management LLC boosted its position in shares of Trupanion by 55.7% during the first quarter. Nine Ten Capital Management LLC now owns 2,156,419 shares of the financial services provider’s stock worth $64,455,000 after buying an additional 771,552 shares during the period. BlackRock Inc. boosted its position in shares of Trupanion by 1.9% during the first quarter. BlackRock Inc. now owns 1,335,808 shares of the financial services provider’s stock worth $39,927,000 after buying an additional 24,927 shares during the period. Baillie Gifford & Co. boosted its position in shares of Trupanion by 10.0% during the first quarter. Baillie Gifford & Co. now owns 1,171,305 shares of the financial services provider’s stock worth $35,010,000 after buying an additional 106,434 shares during the period. State of New Jersey Common Pension Fund D acquired a new position in shares of Trupanion during the first quarter worth about $11,956,000. Finally, Renaissance Technologies LLC boosted its position in shares of Trupanion by 3.0% during the fourth quarter. Renaissance Technologies LLC now owns 392,900 shares of the financial services provider’s stock worth $11,500,000 after buying an additional 11,616 shares during the period. 87.65% of the stock is owned by institutional investors.

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In other news, Director Murray B. Low sold 3,000 shares of the business’s stock in a transaction dated Friday, May 11th. The shares were sold at an average price of $27.97, for a total value of $83,910.00. Following the completion of the sale, the director now owns 192,031 shares in the company, valued at approximately $5,371,107.07. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Darryl Rawlings sold 3,500 shares of the business’s stock in a transaction dated Thursday, March 8th. The shares were sold at an average price of $31.93, for a total transaction of $111,755.00. Following the completion of the sale, the insider now owns 1,375,976 shares of the company’s stock, valued at approximately $43,934,913.68. The disclosure for this sale can be found here. In the last 90 days, insiders sold 24,500 shares of company stock valued at $690,365. Company insiders own 20.70% of the company’s stock.

Shares of NASDAQ TRUP opened at $31.65 on Tuesday. Trupanion Inc has a 52 week low of $17.05 and a 52 week high of $37.13. The company has a quick ratio of 1.88, a current ratio of 1.88 and a debt-to-equity ratio of 0.31. The company has a market cap of $987.07 million, a P/E ratio of -452.14 and a beta of 0.59.

Trupanion (NASDAQ:TRUP) last posted its quarterly earnings results on Tuesday, May 1st. The financial services provider reported ($0.05) EPS for the quarter, missing the consensus estimate of ($0.04) by ($0.01). Trupanion had a negative net margin of 0.58% and a negative return on equity of 6.54%. The business had revenue of $69.76 million during the quarter, compared to the consensus estimate of $69.12 million. During the same quarter in the prior year, the firm posted ($0.05) EPS. The company’s revenue for the quarter was up 27.5% compared to the same quarter last year. equities research analysts anticipate that Trupanion Inc will post -0.12 EPS for the current year.

Several research analysts have recently weighed in on TRUP shares. Zacks Investment Research cut Trupanion from a “buy” rating to a “hold” rating in a research report on Thursday, February 15th. Lake Street Capital increased their price target on Trupanion from $32.00 to $41.00 and gave the company a “buy” rating in a research report on Wednesday, February 14th. Canaccord Genuity reissued a “buy” rating and set a $40.00 price target on shares of Trupanion in a research report on Wednesday, May 2nd. BidaskClub raised Trupanion from a “sell” rating to a “hold” rating in a research report on Thursday, May 3rd. Finally, Stifel Nicolaus reissued a “buy” rating and set a $34.00 price target (up from $33.00) on shares of Trupanion in a research report on Wednesday, February 14th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and eight have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $36.29.

About Trupanion

Trupanion, Inc, together with its subsidiaries, provides medical insurance for cats and dogs on monthly subscription basis in the United States, Canada, and Puerto Rico. The company operates through Subscription Business and Other Business segments. It serves pet owners and veterinarians through third-party referrals and online member acquisition channels.

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Institutional Ownership by Quarter for Trupanion (NASDAQ:TRUP)

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