The stock is trading at $21.50 which is just over $19.85, the stock’s 50 day moving average and which is just under the 200 day moving average of $23.61. The 50 day moving average went up $1.65 or +8.30% and the 200 day average moved down $-2.11. (NASDAQ:HIIQ) shares saw light trading volume with 416K shares changing hands by the end of trading on Tuesday. Volume was down 61.79% under the stocks average daily volume.
Short traders are more bearish on shares of the company lately as evidenced by the uptick in short interest. The firm experienced a rise in short interest of 24.66% as of the latest report on October 13, 2017. Short interest increased 917,988 over that period. Days to cover increased 2.0 to 4.0 and the short interest percentage is 0.40% as of October 13.
These funds have shifted positions in (HIIQ). As of quarter end Trellus Management Company, LLC had bought a total of 2,500 shares growing its holdings by 12.5%. The value of the investment in (HIIQ) went from $320,000 to $326,000 a change of $6,000 since the last quarter. As of the end of the quarter Caprock Group, Inc. had acquired 25,000 shares growing its position 166.7%. The value of the investment in HIIQ increased from $353,000 to $580,000 increasing 64.3% for the reporting period.
Huntington National Bank trimmed its position by selling 1,424 shares a decrease of 78.6% in the quarter. Huntington National Bank controls 388 shares worth $6,000. The value of the position overall is down by 86.0%. Simplex Trading, LLC expanded its stake by buying 12,555 shares an increase of 988.6%. Simplex Trading, LLC now holds 13,825 shares with a value of $200,000. The total value of its holdings increased 589.7%.
The P/E ratio is currently 17.39 and the market cap is 268.08M. In the last earnings report the EPS was $1.24 and is estimated to be $1.57 for the current year with 12,469,000 shares currently outstanding. Next quarter’s EPS is estimated at $0.37 with next year’s EPS projected to be $1.85.
Health Insurance Innovations, Inc., launched on October 26, 2012, is a developer, distributor and cloud-based administrator of individual and family health insurance plans (IFPs) and supplemental products, which include short-term medical (STM) insurance plans, and guaranteed-issue and underwritten hospital indemnity plans. The Company also develops, distributes and administers supplemental products, which include a range of additional insurance and non-insurance products, such as pharmacy benefit cards, dental plans, vision plans, cancer/critical illness plans, deductible and gap protection plans, and life insurance policies that are purchased as supplements to IFP. The Business’s STM plans are provided up to six months, 11 months, or 364 days of health insurance coverage with a range of deductible and copay levels. Individual major medical (IMM) plans cover prescription drugs, pre-existing conditions and preventive care, while STM plans provide optional coverage for prescription drugs. Its hospital indemnity plans provide individuals with a daily cash benefit for hospital treatment and doctor office visits, as well as accidental injury and death or dismemberment benefits..