Ghisallo Capital Management LLC Has $6.52 Million Stock Position in Fidelis Insurance Holdings Limited (NYSE:FIHL)

Ghisallo Capital Management LLC grew its holdings in shares of Fidelis Insurance Holdings Limited (NYSE:FIHL) by 1,038.8% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 400,000 shares of the company’s stock after buying an additional 364,875 shares during the quarter. Ghisallo Capital Management LLC owned 0.34% of Fidelis Insurance worth $6,524,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Cambridge Trust Co. purchased a new stake in shares of Fidelis Insurance in the first quarter worth approximately $58,000. EntryPoint Capital LLC purchased a new position in Fidelis Insurance in the first quarter valued at approximately $63,000. Ameritas Investment Partners Inc. grew its holdings in Fidelis Insurance by 297.6% during the first quarter. Ameritas Investment Partners Inc. now owns 6,043 shares of the company’s stock valued at $118,000 after purchasing an additional 4,523 shares during the period. California State Teachers Retirement System increased its position in Fidelis Insurance by 144.4% in the first quarter. California State Teachers Retirement System now owns 6,103 shares of the company’s stock worth $119,000 after buying an additional 3,606 shares during the last quarter. Finally, Ashton Thomas Private Wealth LLC bought a new stake in shares of Fidelis Insurance in the second quarter valued at $140,000. 81.99% of the stock is owned by institutional investors.

Fidelis Insurance Stock Performance

Fidelis Insurance stock opened at $18.26 on Wednesday. Fidelis Insurance Holdings Limited has a fifty-two week low of $11.55 and a fifty-two week high of $20.53. The firm’s fifty day moving average price is $17.86 and its 200-day moving average price is $17.75. The stock has a market cap of $2.15 billion, a P/E ratio of 4.43 and a beta of -0.10. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.65 and a current ratio of 0.65.

Fidelis Insurance (NYSE:FIHL) last released its quarterly earnings results on Wednesday, August 14th. The company reported $0.54 earnings per share for the quarter, missing analysts’ consensus estimates of $0.69 by ($0.15). Fidelis Insurance had a net margin of 20.96% and a return on equity of 15.67%. The firm had revenue of $547.10 million for the quarter, compared to analysts’ expectations of $582.19 million. On average, equities research analysts expect that Fidelis Insurance Holdings Limited will post 2.94 earnings per share for the current fiscal year.

Fidelis Insurance Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Monday, September 16th were paid a $0.10 dividend. The ex-dividend date was Monday, September 16th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.19%. Fidelis Insurance’s dividend payout ratio (DPR) is 9.71%.

Wall Street Analyst Weigh In

FIHL has been the subject of several research reports. The Goldman Sachs Group began coverage on Fidelis Insurance in a research note on Tuesday, September 17th. They set a “neutral” rating and a $18.50 price target for the company. JMP Securities reiterated a “market outperform” rating and set a $24.00 target price on shares of Fidelis Insurance in a research report on Friday, August 16th. Evercore ISI started coverage on shares of Fidelis Insurance in a research report on Wednesday, July 17th. They issued an “inline” rating and a $19.00 price target on the stock. Keefe, Bruyette & Woods reaffirmed an “outperform” rating and issued a $24.00 price objective on shares of Fidelis Insurance in a report on Friday, August 16th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Fidelis Insurance from $18.50 to $20.00 and gave the company a “neutral” rating in a research note on Thursday, July 11th. Five equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $19.94.

Fidelis Insurance Profile

Fidelis Insurance Holdings Limited, together with its subsidiaries, provides insurance and reinsurance products in Bermuda, the Republic of Ireland, and the United Kingdom. It operates in three segments: Specialty, Reinsurance, and Bespoke segments. The Specialty segment offers aviation and aerospace, energy, marine, property direct and facultative, and other specialty risk solutions.