Global Endowment Management Lp buys $6.9 Million stake in Trupanion Inc (TRUP)

Trupanion Inc (TRUP) : Global Endowment Management Lp scooped up 55,000 additional shares in Trupanion Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 13, 2016. The investment management firm now holds a total of 438,700 shares of Trupanion Inc which is valued at $6.9 Million.Trupanion Inc makes up approximately 1.45% of Global Endowment Management Lp’s portfolio.

Other Hedge Funds, Including , Renaissance Technologies boosted its stake in TRUP in the latest quarter, The investment management firm added 44,200 additional shares and now holds a total of 115,600 shares of Trupanion Inc which is valued at $1.8 Million. Group One Trading added TRUP to its portfolio by purchasing 750 company shares during the most recent quarter which is valued at $11,813.Blackrock Fund Advisors reduced its stake in TRUP by selling 10,319 shares or 2.37% in the most recent quarter. The Hedge Fund company now holds 424,317 shares of TRUP which is valued at $6.7 Million.Rhumbline Advisers boosted its stake in TRUP in the latest quarter, The investment management firm added 270 additional shares and now holds a total of 14,374 shares of Trupanion Inc which is valued at $206,986.

Trupanion Inc opened for trading at $15.85 and hit $15.95 on the upside on Wednesday, eventually ending the session at $15.77, with a gain of 0.77% or 0.12 points. The heightened volatility saw the trading volume jump to 2,16,365 shares. Company has a market cap of $452 M.

On the company’s financial health, Trupanion Inc reported $-0.09 EPS for the quarter, based on the information available during the earnings call on May 5, 2016. Analyst had a consensus estimate of $-0.09. The company had revenue of $42.70 million for the quarter, compared to analysts expectations of $41.74 million. The company’s revenue was up 28.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.18 EPS.

Many Wall Street Analysts have commented on Trupanion Inc. Company shares were Reiterated by Barclays on May 9, 2016 to “Equal Weight”, Firm has raised the Price Target to $ 14 from a previous price target of $9 .Company shares were Reiterated by RBC Capital Mkts on May 6, 2016 to “Outperform”, Firm has raised the Price Target to $ 14 from a previous price target of $12 .Company shares were Reiterated by Stifel on May 4, 2016 to “Buy”, Firm has raised the Price Target to $ 17 from a previous price target of $16 .

Trupanion Inc. is a direct-to-consumer monthly subscription service company engaged in providing a medical insurance plan for cats and dogs across the United States Canada and Puerto Rico. The Company operates through two business segments: subscription business and other business. The subscription business segment includes monthly subscriptions related to medical insurance plan for cats and dogs. The other business segment includes other operations such as writing of policies for an unaffiliated general agent and policies written under a federal Government program.

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