Walleye Capital LLC Sells 36,794 Shares of Ategrity Specialty $ASIC

Walleye Capital LLC reduced its position in shares of Ategrity Specialty (NYSE:ASIC) by 39.1% during the first quarter, Holdings Channel reports. The institutional investor owned 57,420 shares of the company’s stock after selling 36,794 shares during the period. Walleye Capital LLC’s holdings in Ategrity Specialty were worth $1,135,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. New York State Common Retirement Fund acquired a new stake in Ategrity Specialty in the fourth quarter valued at approximately $27,000. Strs Ohio raised its position in shares of Ategrity Specialty by 54.5% during the fourth quarter. Strs Ohio now owns 1,700 shares of the company’s stock worth $36,000 after purchasing an additional 600 shares during the period. Police & Firemen s Retirement System of New Jersey acquired a new position in shares of Ategrity Specialty during the fourth quarter worth approximately $41,000. State of Wyoming lifted its holdings in shares of Ategrity Specialty by 1,663.6% in the 4th quarter. State of Wyoming now owns 2,469 shares of the company’s stock worth $52,000 after purchasing an additional 2,329 shares in the last quarter. Finally, State of Alaska Department of Revenue bought a new position in shares of Ategrity Specialty in the 4th quarter worth $76,000.

Ategrity Specialty Price Performance

NYSE ASIC opened at $23.63 on Friday. The company has a fifty day moving average of $22.05. Ategrity Specialty has a 12 month low of $16.35 and a 12 month high of $25.84. The stock has a market cap of $1.14 billion and a price-to-earnings ratio of 12.70.

Ategrity Specialty (NYSE:ASIC) last posted its quarterly earnings data on Wednesday, April 29th. The company reported $0.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.40 by $0.11. The firm had revenue of $128.96 million for the quarter. Ategrity Specialty had a net margin of 19.75% and a return on equity of 15.29%. As a group, research analysts anticipate that Ategrity Specialty will post 2.16 EPS for the current fiscal year.

Analysts Set New Price Targets

ASIC has been the subject of several research reports. Wells Fargo & Company lifted their price target on shares of Ategrity Specialty from $26.00 to $30.00 and gave the company an “overweight” rating in a research report on Thursday, July 9th. Wall Street Zen raised shares of Ategrity Specialty from a “hold” rating to a “buy” rating in a research note on Saturday, May 16th. Barclays lifted their price objective on shares of Ategrity Specialty from $26.00 to $28.00 and gave the company an “overweight” rating in a report on Tuesday, July 7th. Zacks Research downgraded shares of Ategrity Specialty from a “strong-buy” rating to a “hold” rating in a research report on Friday, June 19th. Finally, Weiss Ratings upgraded shares of Ategrity Specialty from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, June 18th. Three equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $28.50.

Ategrity Specialty Company Profile

We are a profitable and growing specialty insurance company dedicated to providing excess and surplus (“E&S”) products to small to medium-sized businesses (“SMBs”) across the United States. We have built a proprietary underwriting platform that combines sophisticated data analytics with automated and streamlined processes to efficiently serve our clients and deliver long-term value to our stockholders. The SMB market is characterized by large volumes of small-sized policies, and we believe our competitive edge lies in our ability to offer consistent, high-speed, and low-touch interactions that our distribution partners value.