Kopion Asset Management LLC Has $6.82 Million Holdings in Trupanion, Inc. (NASDAQ:TRUP)

Kopion Asset Management LLC increased its position in shares of Trupanion, Inc. (NASDAQ:TRUP) by 115.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 346,460 shares of the financial services provider’s stock after acquiring an additional 185,868 shares during the period. Trupanion makes up about 5.8% of Kopion Asset Management LLC’s holdings, making the stock its 8th biggest position. Kopion Asset Management LLC owned 0.84% of Trupanion worth $6,818,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Belpointe Asset Management LLC increased its holdings in shares of Trupanion by 2,500.0% in the first quarter. Belpointe Asset Management LLC now owns 832 shares of the financial services provider’s stock worth $36,000 after purchasing an additional 800 shares during the period. Quadrant Capital Group LLC increased its position in shares of Trupanion by 235.7% in the fourth quarter. Quadrant Capital Group LLC now owns 940 shares of the financial services provider’s stock worth $45,000 after purchasing an additional 660 shares during the last quarter. Tower Research Capital LLC TRC raised its stake in Trupanion by 128.4% in the first quarter. Tower Research Capital LLC TRC now owns 1,039 shares of the financial services provider’s stock valued at $45,000 after purchasing an additional 584 shares in the last quarter. Avalon Trust Co bought a new stake in Trupanion during the first quarter valued at approximately $65,000. Finally, Captrust Financial Advisors grew its stake in Trupanion by 45.2% in the 2nd quarter. Captrust Financial Advisors now owns 1,297 shares of the financial services provider’s stock worth $78,000 after buying an additional 404 shares in the last quarter.

Insiders Place Their Bets

In related news, Director Michael Doak sold 8,688 shares of the company’s stock in a transaction that occurred on Wednesday, August 30th. The stock was sold at an average price of $29.99, for a total transaction of $260,553.12. Following the completion of the transaction, the director now owns 5,866 shares in the company, valued at $175,921.34. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Company insiders own 5.81% of the company’s stock.

Trupanion Trading Up 0.4 %

Shares of NASDAQ:TRUP traded up $0.13 during trading on Friday, reaching $29.86. 732,867 shares of the company traded hands, compared to its average volume of 422,719. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 0.36. Trupanion, Inc. has a 52-week low of $18.45 and a 52-week high of $69.15. The business’s fifty day moving average is $28.86 and its 200-day moving average is $32.35. The firm has a market capitalization of $1.24 billion, a price-to-earnings ratio of -20.18 and a beta of 1.71.

Trupanion (NASDAQ:TRUP) last announced its quarterly earnings results on Thursday, August 3rd. The financial services provider reported ($0.33) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.42) by $0.09. The business had revenue of $270.60 million for the quarter, compared to analyst estimates of $262.81 million. Trupanion had a negative net margin of 6.03% and a negative return on equity of 20.32%. The company’s revenue was up 23.3% on a year-over-year basis. During the same quarter last year, the firm earned ($0.33) EPS. As a group, analysts forecast that Trupanion, Inc. will post -1.51 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on TRUP. StockNews.com initiated coverage on shares of Trupanion in a report on Thursday, August 17th. They set a “sell” rating for the company. Evercore ISI decreased their price objective on Trupanion from $45.00 to $35.00 in a report on Wednesday, July 5th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $48.38.

Trupanion Company Profile

Trupanion, Inc, together with its subsidiaries, provides medical insurance for cats and dogs on a monthly subscription basis in the United States, Canada, Puerto Rico, and Australia. The company operates in two segments, Subscription Business and Other Business. It serves pet owners and veterinarians.