SelectQuote, Inc. (NASDAQ: SLQT) director Donald L. Hawks III has increased his direct stake in the insurance distribution company through a pair of open-market purchases totaling 250,000 shares, according to recent regulatory filings. The transactions, executed on November 6 and November 9, 2026, carried an aggregate value of $114,218, with weighted average prices of $0.439 and $0.459 per share, respectively.
The first purchase, on November 6, comprised 26,598 shares at a weighted average price of $0.439. Those shares were acquired in multiple transactions at prices ranging from $0.40 to $0.48, inclusive. Three days later, on November 9, Hawks added 223,402 shares at a weighted average price of $0.459, with individual trades priced between $0.45 and $0.47, inclusive.
Following these transactions, Hawks directly holds 763,214 shares of SelectQuote common stock. In addition to his direct holdings, he maintains indirect pecuniary interests in shares held by other entities: 8,877,872 shares owned by BEP III LLC, 6,911,600 shares owned by BEP III Co-Invest LLC, and 1,889,285 shares owned by SQ Co-investors LLC. Hawks disclaims beneficial ownership of these indirectly held securities except to the extent of his pecuniary interest.
The purchases come as SelectQuote's stock trades at $0.46, down 67.6% year-to-date. According to InvestingPro data, the company has a market capitalization of $82.04 million and trades at a Price/Book ratio of 0.26, among the lowest in its sector. InvestingPro analysis suggests the stock is undervalued relative to its Fair Value.
In other recent news, SelectQuote reported mixed first-quarter results. The company posted an adjusted earnings loss of $0.21 per share, which was better than the expected loss of $0.34 per share. However, revenue fell short of expectations, coming in at $280 million compared to the forecasted $326.17 million. SelectQuote's adjusted EBITDA loss improved by $15 million year over year to $17 million, with trailing 12-month adjusted EBITDA rising 30% to $124 million. Despite the revenue miss, the company maintained its fiscal 2027 operating cash flow guidance at a minimum of $60 million. The company attributed its improved profitability to a focus on AI, automation, and a reduced agent force to maintain margins. Revenue declined by 15% from the previous year, influenced by a smaller agent force and lower Healthcare Services revenue due to the Inflation Reduction Act.
These developments highlight SelectQuote's ongoing efforts to enhance profitability amid challenging market conditions. The insider purchase by Hawks may signal confidence in the company's strategy, though the stock's steep year-to-date decline and the revenue shortfall underscore the risks that remain.