“The Bright Lights of 2017” Vista Partners December Macroeconomic & Investment Newsletter 12-28-2017

Vista Partners (“Vista”) has published December’s FREE Macroeconomic & Investment Monthly Newsletter, “The Bright Lights of 2017”.

Vista’s monthly newsletter contains investment considerations for Banks, Biotech, Cloud Services, Energy, Fintech, Healthcare, Manufacturing, Materials, Real Estate, SaaS, and Technology.

Vista Partners centers its Coverage on the Dow 30 Components, Select Emerging Growth Companies & Vista’s Featured Companies, with exclusive, broad-based commentary from Managing Director, John F. Heerdink, Jr.

In December’s edition of the Macroeconomic & Investment Newsletter, Mr. Heerdink states, “So far, it appears that the plan to cut corporate tax rates has led to a move…” Read full newsletter.

Companies Featured in December’s Newsletter:  Atossa Genetics, Inc. (NASDAQ: ATOS) | Fusion, Inc. (NASDAQ: FSNN) | Goldman Sachs (GS) | Health Insurance Innovations, Inc. (HIIQ) | Intel (INTC) & JPMorgan Chase (JPM).

Vista Partners publishes 100% of its content free. To receive free email updates from Vista’s extensive coverage universe, please sign up at VistaPGlobal.com/signup.

About Vista Partners LLC:

Founded in 2005, Vista Partners LLC (“Vista”) is a California Registered Investment Advisor based in San Francisco. Vista delivers timely and relevant insights via the website: www.vistapglobal.com with daily stories, weekly market updates, monthly macroeconomic newsletters, and Vista’s proprietary equity and market research to help you stay informed and stay competitive. Vista’s mission is to invest partner capital while arming investors with a comprehensive global financial perspective across all market sectors. Vista also seeks to provide select issuers with actionable advice regarding fundamental development, corporate governance, and capital market directives.

We encourage readers to view a complete list of disclaimers and disclosures on the Vista Partners website at VistaPGlobal.com/disclaimer.

Please follow Vista Partners on Twitter @VistaPResearch to receive updates, thoughts, and ideas on Dow 30 Components, Select Emerging Growth Companies & Vista’s Featured Companies.




Have You Read “Sunny Skies Ahead?” Vista Partners Weekly Market Update 12-23-17

Vista Partners has published  “Sunny Skies Ahead?” Vista Partners Weekly Market Update 12-23-17 and is accessible on our Newsletters Page. Each issue is written by Managing Director, John Heerdink and speaks to the activities of the market, influencers and specific featured stories from Vista’s Coverage Universe that spans the Dow 30 and Select Emerging Growth Companies.

Each weekly update issue is sent out via email directly to the thousands of investors around the world that have elected to be updated each week. Please “Join us” to Stay Informed! and to Stay Competitive!

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Have a great weekend!




Health Insurance Innovations, Inc. (HIIQ) Adds Experienced Financial Industry Executive to Board of Directors

Health Insurance Innovations, Inc. (HIIQ) is a market leader in developing innovative health insurance products that are affordable and meet the needs of health insurance plan shoppers. HIIQ develops insurance products through their relationships with best-in-class insurance companies and markets them via its broad distribution network of licensed insurance agents across the nation, its call center network and its unique online capability. HIIQ’s Consumer Division includes AgileHealthInsurance.com, a website for researching, comparing and purchasing short-term health insurance products online and HealthPocket.com, a free website that compares and ranks all health insurance plans, and uses objective data to publish unbiased health insurance market analyses and other consumer advocacy research.

HIIQ recently announced the appointment of John A. Fichthorn to the Company’s Board of Directors (the “Board”) as a new independent director, effective immediately. Mr. Fichthorn will also join a newly formed Risk and Compliance Committee that will further strengthen the Company’s market-leading compliance and customer service. Mr. Fichthorn currently serves as Head of Alternative Investments for B. Riley Capital Management, LLC, which is an SEC-registered investment adviser and wholly-owned subsidiary of B. Riley Financial, Inc. He previously served as co-founder and CEO of Dialectic Capital Management, LLC from 2003 to 2017. He brings a wealth of experience as an investor in both technology and healthcare companies and as a board member for several NASDAQ-listed companies over the last decade.

Mr. Fichthorn commented, “I am excited to join the HIIQ Board. In addition, that I have also been appointed to the Board’s newly-formed Risk and Compliance Committee demonstrates HIIQ’s commitment to even greater transparency and compliance. With support from the Company’s knowledgeable and experienced Board and management team, HIIQ is uniquely positioned to take advantage of opportunities for growth as the healthcare landscape continues to evolve.”

Also, I suggest reading a recent press release titled The Millions of Uninsured Consumers Who Missed the Obamacare Open Enrollment Still Have Options” which sums up the current health insurance picture and the alternatives and further positions HIIQ in this environment.

To learn more about HIIQ and to track its ongoing progress please visit the Vista Partners HIIQ Coverage Page.

Health Insurance Innovations, Inc. Appoints John Fichthorn to Board of Directors

TAMPA, Fla., Dec. 15, 2017– Health Insurance Innovations, Inc., a leading developer, distributor, and cloud-based administrator of affordable health insurance and supplemental plans, today announced the …..

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How Do You Like The Sound of “24K”?

Vista Partners has published its Weekly Market Update for the week of December 2, 2017, titled “24K” Vista Partners Weekly Market Update 12-2-2017 and is accessible on our Newsletters Page. Each issue is written by Managing Director, John Heerdink and speaks to the activities of the market, influencers and specific featured stories from Vista’s Coverage Universe that spans the Dow 30 and Select Emerging Growth Companies.

Each weekly update issue is sent out via email directly to the thousands of investors around the world that have elected to be updated each week.  Please “Join us” to Stay Informed! and to Stay Competitive!

It’s FREE & EASY to sign up.

Have a great weekend!




Vista Partners Recently Published An Update Report on Health Insurance Innovations, Inc. (NASDAQ: HIIQ)

Recently, Vista Partners published a FREE update research report on Emerging Growth Company & affordable, web-based individual health insurance plans provider, Health Insurance Innovations, Inc. (NASDAQ: HIIQ).  Please review the report on Vista Partners Health Insurance Innovations, Inc. Coverage Page found within the Featured Coverage Pages at Vista Partners. Vista’s Coverage Pages are designed to provide an understanding of the company’s current business, financials, strategy, products, and pipeline. Stay Informed! Stay Competitive!




Health Insurance Innovations (HIIQ) Jumps +11.11% Today Post Q3 Beat -See Earnings Call Transcript

Post releasing Q3 numbers that exceeded expectations and where HIIQ raised full year guidance, Gavin Southwell, HIIQ’s Chief Executive Officer and President stated, “We are pleased to continue to deliver record results, which exceeded our revenue and profitability targets, reflecting the strength of our business and the successful execution of our strategy. We believe we are well positioned to continue to succeed and grow in the dynamic individual health insurance marketplace through our differentiated services. We are confident that we can deliver strong results and shareholder value through our successful expansion of innovative products, expansion of our distribution networks – including existing and new distributors, driving revenue growth and margins.”

HIIQ shares jumped +11.11% today closing at $22.50.

To learn more about HIIQ and track its progress please visit the Vista Partners Company Dedicated Coverage Page.

Edited Transcript of HIIQ earnings conference call or presentation 2-Nov-17 12:30pm GMT

Q3 2017 Health Insurance Innovations Inc Earnings Call..

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Health Insurance Innovations (HIIQ) Reports Record Q3 & Increases 2017 Full Year Guidance

Health Insurance Innovations, Inc. (NasdaqGM: HIIQ), a leading developer, distributor, and cloud-based administrator of affordable health insurance and supplemental plans announced financial results with record revenues for the third quarter ended September 30, 2017,  post the close Wednesday, November 1. HIIQ reported that third-quarter revenues came in at $63.3 million an increase of 37.4%, compared to the third quarter of 2016 and was driven primarily by an increase in policies in force. Further, a sales mix shift to more Health Benefit Plans and favorable carrier negotiations have decreased risk premiums. HIIQ reported Diluted Earnings per Share of $0.30, up 20% YOY, Adjusted Earnings per Share of $0.46, up 39% YOY, & Policies in Force totaled approximately 347,900, up 38% YOY. Cash and cash equivalents totaled $43.1 million at September 30, 2017, an increase of $30.8 million from December 31, 2016 and an increase of $15.5 million sequentially.

HIIQ further reported that given the record financial performance and long-term prospects, the Company is increasing its guidance for the full year 2017. The Company expects revenue to grow 27% to 30% year-over-year (with expected revenue of $235 million to $240 million), adjusted EBITDA to grow 48% to 58% year-over-year (with expected adjusted EBITDA of $41 million to $44 million) and adjusted EPS to grow 34% to 43% (with expected adjusted EPS of $1.50 to $1.60). The Company previously guided to full-year revenue of $225 million to $230 million, adjusted EBITDA of $39 million to $42 million and adjusted EPS of $1.45 to $1.55.

HIIQ further reported that given the record financial performance and long-term prospects, the Company is increasing its guidance for the full year 2017. The Company expects revenue to grow 27% to 30% year-over-year (with expected revenue of $235 million to $240 million), adjusted EBITDA to grow 48% to 58% year-over-year (with expected adjusted EBITDA of $41 million to $44 million) and adjusted EPS to grow 34% to 43% (with expected adjusted EPS of $1.50 to $1.60). The Company previously guided to full-year revenue of $225 million to $230 million, adjusted EBITDA of $39 million to $42 million and adjusted EPS of $1.45 to $1.55.

Gavin Southwell, HIIQ’s Chief Executive Officer, and President stated, “We are pleased to continue to deliver record results, which exceeded our revenue and profitability targets, reflecting the strength of our business and the successful execution of our strategy. We believe we are well positioned to continue to succeed and grow in the dynamic individual health insurance marketplace through our differentiated services. We are confident that we can deliver strong results and shareholder value through our successful expansion of innovative products, expansion of our distribution networks – including existing and new distributors, driving revenue growth and margins.”
The Company will host an earnings conference call on November 2, 2017 at 8:30 A.M. Eastern time.  All interested parties can join the call by dialing (877) 407-9039 or (201) 689-8470; the conference ID is 13672449.  A webcast of the call may be accessed in the Investor Relations section of Health Insurance Innovations’ website at http://investor.hiiquote.com/events.cfm. An archive of the call will be available for 30 days through the same website.

To learn more about Health Insurance Innovations, Inc. (NasdaqGM: HIIQ) and to track its progress please visit the Vista Partners Company Dedicated Coverage Page.

Health Insurance Innovations, Inc. Reports Record Third Quarter 2017 Financial and Operating Results

Increases 2017 Full Year Guidance Record Revenues of $63.3 million, up 37% YOY Diluted Earnings per Share of $0.30, up 20% YOY Adjusted Earnings per Share of $0.46, up 39% YOY Policies in Force totaled …..

finance.yahoo.com

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UnitedHealth Group (NYSE: UNH) Exceeds Q3 Expectations

  1. U.S. health insurer and Dow 30 component UnitedHealth Group (NYSE: UNH) beat Q3 expectations and continued broad-based growth and solid operating margins across the enterprise. UNH confirmed that they believe earnings will grow 13-16% in 2018 & expect to benefit from new insurance products backed by Trumps support.

David S. Wichmann, chief executive officer of UnitedHealth Group stated, “In 2017 we have been fortunate to serve the health care needs of more customers and consumers in increasingly diverse ways, and we expect the opportunities to do so will grow even further in 2018, 2019 and beyond.”

To learn more about UNH please visit the Vista Partners Company Dedicated UNH Coverage Page.

UnitedHealth Group Third Quarter Highlights

UnitedHealth Group reported third quarter results, reflecting continued broad-based growth and solid operating margins across the enterprise. “In 2017 we have been fortunate to serve the health care needs of more customers and consumers in increasingly diverse ways, and we expect the opportunities to..

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“Charging Ahead” Vista Partners Weekly Market Update 10-21-17

MARKET OVERVIEW, RESULTS & WEEK AHEAD

The US markets charged ahead once again this week, hitting a new record high in all five trading sessions. The Dow eclipsed a new milestone of 23,000 for the first time and ending the week at 23,328.63 up 2% on the week.  Investors digested another dose of Q3 earnings this week that were led by Big Blue IBM, which bested earnings expectations and jumped significantly higher to end the week at $162.07 up 10.2%. 76% of the S&P 500 companies that have reported results have been above consensus estimates. Healthcare and Dow 30 companies, UnitedHealth Group (UNH) & Johnson & Johnson (JNJ), leaped forward 7.8% & 4.4%  respectively.  Speculation around a new Fed Chairman coming forward soon, streamed through the market while Friday’s market was buoyed by the Senate voting for a budget blueprint for 2018, which further fueled confidence that our tax system will receive a significant revision that is believed to support growth. The Russell 2000, a small-cap index, rose 0.4%.

Benchmark Results:

Index Close Week YTD
Dow 30 23,329 +2.0% +18.0%
S&P 500 2,575 +0.9% +15.0%
Nasdaq 6,629 +.04% +23.1%
10-yr Treasury 2.25% +0.05% -0.19%
Oil $51.47 ($/bbl) +0.0% -4.2%
Russell 2000 1,509.25 +0.4% +11.2%
Reports to watch in the week ahead:
  • New home sales
  • GDP for the third quarter

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HIIQ’s $50 million Stock BuyBack Program, Record Preliminary Unaudited Q3 Results, & Update on Florida TPA Application Process

Health Insurance Innovations, Inc. (HIIQ) is a market leader in developing innovative health insurance products that are affordable and meet the needs of millions of health insurance plan shoppers. HIIQ develops insurance products through partnerships with best-in-class insurance companies and markets them via its broad distribution network of licensed insurance agents across the nation. HIIQ’s data-centric paperless business model is facilitated by its Consumer Division that provides real-time data used to identify opportunities and underserved needs in the health insurance market. HIIQ’s Consumer Division includes AgileHealthInsurance.com, a website for researching, comparing and purchasing Term Health insurance products, and HealthPocket.com, an independently managed free website that compares and ranks all health insurance plans and uses objective data to publish unbiased health insurance market analyses and other consumer advocacy research. The company also continues to develop and distribute supplemental insurance products i.e pharmacy benefit cards, dental plans, vision plans, cancer/critical illness plans, deductible and gap protection plans and life insurance policies. HIIQ continues to benefit in the marketplace with the current insurance issues in the U.S that face consumers, where they are experiencing increasing premiums of individual exchange-based products so demand for short-term medical and limited indemnity products continue to grow.

The Company announced that its Board of Directors has authorized the repurchase of up to $50 million of the Company’s Class A common stock through October 2019. The new share repurchase authorization permits the Company to periodically repurchase shares for cash for a period of 24 months in open market purchases, block transactions and privately negotiated transactions in accordance with applicable federal securities laws. The actual timing, number and value of shares repurchased under the program will be determined by management at its discretion and will depend on a number of factors, including the market price of the Company’s common stock, general market and economic conditions, regulatory requirements, capital availability and compliance with the terms of the Company’s credit facility. Repurchases under the program will be funded from one or a combination of existing cash balances, future free cash flow, and indebtedness. There is no guarantee as to the number of shares that will be repurchased, and the repurchase program may be extended, suspended or discontinued at any time without notice at the Company’s discretion. Under the stock repurchase program, the Company may elect to adopt a Rule 10b5-1 share repurchase plan under the Securities Exchange Act of 1934 (the “Plan”). The Plan would allow the Company to repurchase its shares at times when it otherwise might be prevented from doing so under insider trading laws or because of self-imposed trading blackout periods. Because repurchases under the Plan are anticipated to be subject to certain pricing parameters, there is no guarantee as to the exact number of shares that will be repurchased under the Plan or that there will be any repurchases pursuant to the Plan. Subject to applicable regulations, HIIQ may elect to amend or cancel the Plan at its discretion.

Gavin Southwell, HIIQ’s Chief Executive Officer, and President, stated, “The new share repurchase program underscores our confidence in our business strategy, financial performance, and the long-term prospects of our company while also allowing us the financial flexibility to continue to invest in our business. We believe that in view of our current and anticipated cash position, this buy-back is both an effective use of our capital at this time and a benefit to our shareholders. The HIIQ team continues to make significant progress in executing our strategy to support essential consumer needs.”

HIIQ also announced preliminary results for its Q3 of 2017 as follows:

HIIQ’s record preliminary unaudited results from continuing operations were reported that they indicate that revenue for the third quarter 2017 is expected to be in the range of $62.3 million to $63.3 million, an increase of approximately 35% to 37% over the comparable prior year period.

The Company stated that it expects to report GAAP net income in the range of $5.5 million to $6.0 million for the three months ended September 30, 2017, and adjusted net income of $7.3 million to $7.6 million. Additionally, the Company expects to report EBITDA in the range of $9.4 million to $9.9 million and adjusted EBITDA of $12.3 million to $12.8 million for the same period. The expected range in GAAP net income represents an increase of approximately 8% to 18%, and the expected range in EBITDA represents an increase of approximately 27% to 34%, over the comparable prior year period. The expected range in adjusted EBITDA represents an increase of approximately 52% to 58% over the comparable prior year period. Adjusted EBITDA is calculated as EBITDA, adjusted for items that are not part of regular operating activities, including restructuring costs, tax receivable adjustments and other non-cash items such as stock-based compensation. A reconciliation of net income to EBITDA and adjusted EBITDA for the three months and nine months ended September 30, 2017 is included within there press release provided via the link below.

The Company also expects to report GAAP diluted earnings per share in the range of $0.26 to $0.30 and adjusted earnings per share in the range of $0.44 to $0.46. The expected range in GAAP diluted earnings per share represents an increase of approximately 4% to 20% over the comparable prior year period. The expected range in adjusted earnings per share represents an increase of approximately 33% to 39% over the comparable prior year period. A reconciliation of net income to adjusted net income per share for the three months and nine months ended September 30, 2017, is included in today’s press release and via the link below. Cash and cash equivalents totaled approximately $43.1 million at September 30, 2017, an increase of $30.9 million from December 31, 2016 and an increase of $15.5 million from June 30, 2017.

The Company plans to report financial results for its third quarter ended September 30, 2017 on November 1, 2017. A conference call is scheduled for November 2, 2017 at 8:30am EDT, during which the Company will discuss these results and its outlook for the remainder of fiscal 2017. Note that the company recently spoke to their presentation which highlighted among other progress that they have achieved (see Slide 14) “9 Straight Quarters of Record Revenue & Adjusted Earnings”. I guess this next report would make 10 straight quarters. Their latest presentation that was recently filed via 8k can be accessed via the SEC website:  www.sec.gov.

HIIQ also provided the following update on their Florida TPA Application Process:

On September 29, 2017, the Company and the Florida Office of Insurance Regulation (“OIR”) entered into a mutual consent order relating to the Company’s Third-Party Insurance Administrator (“TPA”) application in Florida. Pursuant to the consent order, on October 2, 2017, the Florida Division of Administrative Hearings granted a motion to dismiss the Company’s petition contesting the OIR’s prior TPA license denial and cancelling the hearing on the Company’s appeal of the denial, and on October 4, 2017, the OIR withdrew its prior denial of the Company’s TPA license application. The mutual consent order between the Company and the OIR specifies details regarding the information to be included in the Company’s new TPA application and certain procedural steps, such as a pre-submission meeting with the OIR.

Sell side sentiment: Canaccord Genuity has a price target of $39 a share for HIIQ. Cantor Fitzgerald also maintains their $38 target price. Northland Securities has a price target of $37 a share. HIIQ shares closed today’s trading up 11.64% at $21.10 a share which is a ~45% discount to the Cantor Fitzgerald mid-range target price.  HIIQ’s 52-week low is $4 and the 52-week high is $37.38. 

To learn more about Health Insurance Innovations, Inc. (NasdaqGM: HIIQ) and to track its progress please visit the Vista Partners Company Dedicated Coverage Page.

Health Insurance Innovations, Inc. Announces Record Preliminary Third Quarter 2017 Results

TAMPA, Fla., Oct. 16, 2017– Health Insurance Innovations, Inc., a leading developer, distributor, and cloud-based administrator of affordable health plans, today announced preliminary results for its …..

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