Vericity, Inc. (NASDAQ:VERY) Major Shareholder Sells $129,997,413.36 in Stock

Vericity, Inc. (NASDAQ:VERY) major shareholder Holdco L.P. Apex sold 11,373,352 shares of Vericity stock in a transaction that occurred on Friday, June 28th. The stock was sold at an average price of $11.43, for a total value of $129,997,413.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Major shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Vericity Stock Performance

Vericity stock remained flat at $11.43 during trading hours on Tuesday. The stock has a fifty day moving average price of $11.34 and a 200-day moving average price of $11.32. The company has a quick ratio of 0.48, a current ratio of 0.48 and a debt-to-equity ratio of 0.37. Vericity, Inc. has a 1 year low of $4.70 and a 1 year high of $12.14. The stock has a market cap of $170.08 million, a price-to-earnings ratio of -12.42 and a beta of 0.13.

Vericity (NASDAQ:VERY) last released its earnings results on Wednesday, May 15th. The company reported ($0.37) earnings per share (EPS) for the quarter. Vericity had a negative return on equity of 12.99% and a negative net margin of 7.59%. The firm had revenue of $45.49 million during the quarter.

Hedge Funds Weigh In On Vericity

An institutional investor recently bought a new position in Vericity stock. PenderFund Capital Management Ltd. acquired a new stake in shares of Vericity, Inc. (NASDAQ:VERY) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 69,985 shares of the company’s stock, valued at approximately $783,000. PenderFund Capital Management Ltd. owned approximately 0.47% of Vericity as of its most recent SEC filing. 1.92% of the stock is owned by institutional investors and hedge funds.

Vericity Company Profile

Vericity, Inc, together with its subsidiaries, provides life insurance protection products for the middle American market. The company operates through Agency and Insurance segments. The Agency segment sells life insurance products for unaffiliated insurance companies through its call center distribution platform, as well as through its independent agents and other marketing organizations.