Vericity, Inc. (NASDAQ:VERY) Major Shareholder Holdco L.P. Apex Sells 11,373,352 Shares of Stock

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

Vericity Price Performance

VERY opened at $11.43 on Wednesday. Vericity, Inc. has a 12-month low of $4.70 and a 12-month high of $12.14. The company has a quick ratio of 0.48, a current ratio of 0.48 and a debt-to-equity ratio of 0.37. The firm has a market capitalization of $170.08 million, a P/E ratio of -12.42 and a beta of 0.13. The stock has a fifty day moving average of $11.34 and a 200-day moving average of $11.32.

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

Hedge Funds Weigh In On Vericity

A hedge fund recently bought a new stake in Vericity stock. PenderFund Capital Management Ltd. purchased a new position in Vericity, Inc. (NASDAQ:VERY) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 69,985 shares of the company’s stock, valued at approximately $783,000. PenderFund Capital Management Ltd. owned about 0.47% of Vericity at the end of the most recent quarter. 1.92% of the stock is currently owned by institutional investors.

About Vericity

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.