Venator Adds to Position in PRCH Stock

According to a recent Form 13F filing submitted to the SEC, Venator Capital Management Ltd. disclosed a noteworthy and bullish investment in PRCH stock. Here’s what you need to know about Porch Group, Inc., as well as Venator Capital Management Ltd. and their long position in shares of PRCH stock:

About Venator Capital Management Ltd.

Founded in 2005, Venator Capital Management Ltd. is a Toronto-based investment firm that strives to consistently generate superior, risk-adjusted returns across its equity long/short and fixed income Funds. Venator Capital Management Ltd. is registered with the Ontario Securities Commission as a Portfolio Manager, Investment Fund Manager and Exempt Market Maker.

About Porch Group, Inc. (PRCH)

Porch Group, Inc. operates a software platform in the United States and Canada. The company operates through two segments, Vertical Software and Insurance. The Vertical Software segment provides software and services to home services companies and gives early access to homebuyers and homeowners. It offers services to home services companies, such as home inspectors, consumers, such as homebuyers and homeowners, service providers, such as moving, insurance, warranty, and security companies, and TV/Internet providers. This segment operates through Floify, HireAHelper, ISN, iRoofing, Palm-Tech, Porch.com, Rynoh, and V12 brands. The Insurance segment offers property related insurance policies through our own risk-bearing carrier and independent agency as well as risk-bearing home warranty company. This segment operates though American Home Protect, Elite Insurance Group, and Homeowners of America brands. In addition, the company provides property and casualty, home, auto, flood, and umbrella insurance products; and contractor services. The company was incorporated in 2011 and is headquartered in Seattle, Washington.

Venator Capital Management Buys Stock in PRCH

According to the most recent 13F filed by Venator Capital Management Ltd., the firm added 64,000 shares of PRCH stock to it holdings in the recent quarter. That brings their total long position in Porch Group, Inc. to 845,000 shares, representing approximately 0.8403% of the 100,554,994 PRCH shares outstanding. Based on the most recent closing price of $1.02 per share of PRCH, the entire Venator Capital Management position in Porch Group, Inc. is worth roughly $861,900.00. While it isn’t a very large position, it’s a bullish signal that Venator is slowly growing its stake in PRCH over time.

Summary

Be sure to check out more recent 13F filings here to stay up to date on the latest disclosures from institutional investment managers like Venator Capital Management Ltd.. Also be sure to check out more recent 13F filing analysis news here.