Tributary Capital Management LLC Sells 2,344 Shares of The Baldwin Insurance Group, Inc. (NASDAQ:BRP)

Tributary Capital Management LLC lowered its stake in shares of The Baldwin Insurance Group, Inc. (NASDAQ:BRP) by 0.5% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 472,633 shares of the company’s stock after selling 2,344 shares during the quarter. Tributary Capital Management LLC owned 0.40% of The Baldwin Insurance Group worth $15,436,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the company. First Horizon Advisors Inc. boosted its position in shares of The Baldwin Insurance Group by 31.6% in the 2nd quarter. First Horizon Advisors Inc. now owns 1,415 shares of the company’s stock worth $50,000 after purchasing an additional 340 shares in the last quarter. Cyndeo Wealth Partners LLC acquired a new stake in The Baldwin Insurance Group in the 3rd quarter worth approximately $144,000. ZWJ Investment Counsel Inc. purchased a new stake in The Baldwin Insurance Group during the 3rd quarter worth approximately $146,000. Smith Chas P & Associates PA Cpas purchased a new position in shares of The Baldwin Insurance Group in the third quarter worth about $149,000. Finally, Heritage Family Offices LLP acquired a new stake in shares of The Baldwin Insurance Group during the third quarter worth about $158,000. Institutional investors own 70.42% of the company’s stock.

The Baldwin Insurance Group Stock Performance

Shares of NASDAQ BRP opened at $32.66 on Monday. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 1.21. The company has a 50 day simple moving average of $48.66 and a two-hundred day simple moving average of $39.48. The Baldwin Insurance Group, Inc. has a 12 month low of $17.33 and a 12 month high of $33.03. The stock has a market cap of $3.84 billion, a price-to-earnings ratio of -54.61, a PEG ratio of 0.91 and a beta of 1.54.

The Baldwin Insurance Group Profile

BRP Group, Inc operates as an independent insurance distribution firm that delivers insurance and risk management solutions in the United States. It operates through three segments: Insurance Advisory Solutions; Underwriting, Capacity & Technology Solutions; and Mainstreet Insurance Solutions. The Insurance Advisory Solutions segment provides commercial risk management, employee benefits, and private risk management solutions for businesses and high-net-worth individuals, as well as their families.