Insider Selling: 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 the business’s stock in a transaction dated Friday, June 28th. The stock was sold at an average price of $11.43, for a total value of $129,997,413.36. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Major shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

Vericity Stock Performance

Shares of NASDAQ VERY opened at $11.43 on Friday. Vericity, Inc. has a 12 month low of $4.70 and a 12 month high of $12.14. The company has a market cap of $170.02 million, a P/E ratio of -12.42 and a beta of 0.13. The business’s 50 day moving average is $11.35 and its two-hundred day moving average is $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 (NASDAQ:VERY) last released its earnings results on Wednesday, May 15th. The company reported ($0.37) EPS for the quarter. Vericity had a negative net margin of 7.59% and a negative return on equity of 12.99%. The company had revenue of $45.49 million for the quarter.

Institutional Investors Weigh In On Vericity

A hedge fund recently bought a new stake in Vericity stock. PenderFund Capital Management Ltd. purchased a new stake in Vericity, Inc. (NASDAQ:VERY) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 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. Institutional investors own 1.92% of the company’s stock.

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.