Health Insurance Innovations, Inc. (HIIQ) Files Form 4 Insider Buying : Capital Llc Cannell Buys 1,600 Shares

Health Insurance Innovations, Inc. (HIIQ): Capital Llc Cannell , 10% owner of Health Insurance Innovations, Inc. purchased 1,600 shares on Jun 17, 2016. The Insider buying transaction was reported by the company on Jun 21, 2016 to the Securities and Exchange Commission. The shares were purchased at $4.00 per share for a total value of $6,394.08 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Jun 16, 2016, Capital Llc Cannell (10% owner) purchased 45,000 shares at $4.01 per share price.On Aug 25, 2015, Plan Intermediaries Sub Health (CEO) purchased 26,079 shares at $4.62 per share price.Also, On Aug 24, 2015, Patrick Mcnamee (President) purchased 25,000 shares at $4.56 per share price.On Jun 15, 2015, Paul G Gabos (director) purchased 10,000 shares at $4.92 per share price.

Health Insurance Innovations Inc: On Monday, Jun 20, 2016 heightened volatility was witnessed in Health Insurance Innovations Inc which led to swings in the share price. The shares opened for trading at $4.07 and hit $4.48 on the upside , eventually ending the session at $4.35, with a gain of 8.48% or 0.34 points. The heightened volatility saw the trading volume jump to 3,88,743 shares. The 52-week high of the share price is $8.535 and the company has a market cap of $64 M . The 52-week low of the share price is at $3.72.

Health Insurance Innovations Inc Money Flow Index Chart

Company has been under the radar of several Street Analysts.Health Insurance Innovations Inc is Downgraded by Raymond James to Mkt Perform. Earlier the firm had a rating of Strong Buy on the company shares. The Rating was issued on Jun 9, 2016.

Health Insurance Innovations Inc. is a developer distributor and administrator of cloud-based individual health insurance plans and ancillary products. The Company operates through two business segments: Insurance Plan Development and Distribution (IPD) and HP. IPD segment is engaged in designing implementing and administering short-term medical (STM) and other products and the distribution of STM and other products to consumer through its call center distribution network and online purchasing. HP segment includes the business activities of HealthPocket (HP) a subsidiary of the Company including the development of and generation of referral-based and other revenues. The Company offers products such as STM plans hospital indemnity plans and ancillary products.

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