Seven Eight Capital LP bought a new position in Lemonade, Inc. (NYSE:LMND – Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 16,283 shares of the company’s stock, valued at approximately $269,000.
A number of other large investors have also recently made changes to their positions in LMND. Dimensional Fund Advisors LP lifted its stake in shares of Lemonade by 9.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 64,665 shares of the company’s stock worth $1,067,000 after acquiring an additional 5,778 shares during the last quarter. American Century Companies Inc. boosted its stake in shares of Lemonade by 12.7% during the second quarter. American Century Companies Inc. now owns 86,757 shares of the company’s stock valued at $1,431,000 after purchasing an additional 9,793 shares during the period. Van ECK Associates Corp grew its holdings in shares of Lemonade by 12.1% in the second quarter. Van ECK Associates Corp now owns 17,774 shares of the company’s stock worth $293,000 after purchasing an additional 1,915 shares during the last quarter. Concurrent Investment Advisors LLC purchased a new position in Lemonade in the 2nd quarter worth about $180,000. Finally, Tidal Investments LLC purchased a new position in Lemonade in the 1st quarter worth about $718,000. 80.30% of the stock is owned by hedge funds and other institutional investors.
Lemonade Price Performance
Lemonade stock opened at $17.45 on Tuesday. The stock has a market cap of $1.23 billion, a price-to-earnings ratio of -5.58 and a beta of 1.78. The firm has a 50-day moving average of $18.61 and a two-hundred day moving average of $17.41. Lemonade, Inc. has a 1 year low of $10.27 and a 1 year high of $24.55.
Insider Transactions at Lemonade
In related news, CFO Timothy E. Bixby sold 2,050 shares of Lemonade stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $18.24, for a total value of $37,392.00. Following the completion of the sale, the chief financial officer now directly owns 271,552 shares in the company, valued at $4,953,108.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 12.50% of the company’s stock.
About Lemonade
Lemonade, Inc provides various insurance products through various channels in the United States, Europe, and the United Kingdom. Its insurance products include stolen or damaged property, and personal liability that protects its customers if they are responsible for an accident or damage to another person or their property.
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