Coastline Square Discloses New Stake in HCI Group

TL;DR

**New investor Coastline Square just bought into HCI Group, watch for potential stock movement.**

AI Summary

Coastline Square, LLC, a Florida-based entity, has reported an initial acquisition of shares in HCI Group, Inc. (HCI), an insurance company. This SC 13G filing, dated January 12, 2024, indicates that Coastline Square, LLC now holds a significant stake in HCI. This matters to investors because a new, potentially large, institutional holder could signal confidence in HCI's future, or it could be a precursor to further activist involvement, influencing the stock's price and strategic direction.

Why It Matters

A new institutional investor taking a position can signal market confidence or potential future strategic shifts, impacting HCI Group's stock valuation.

Risk Assessment

Risk Level: low — This filing is an initial disclosure of a passive investment, which generally carries low immediate risk for existing shareholders.

Analyst Insight

Investors should monitor future filings from Coastline Square, LLC for any changes in their ownership percentage or filing type (e.g., switching to a 13D), which could signal a more active role and potentially impact HCI Group's stock.

Key Numbers

• 910710102 — CUSIP Number (identifies HCI Group, Inc.'s Common Stock)
• 20240112 — Filing Date (date the SC 13G was filed)

Key Players & Entities

• Coastline Square, LLC (company) — the reporting person acquiring shares
• HCI Group, Inc. (company) — the subject company whose shares were acquired
• Florida (person) — place of organization for Coastline Square, LLC
• 0001400810 (person) — Central Index Key (CIK) for HCI Group, Inc.
• 83-2046290 (person) — IRS Identification Number for Coastline Square, LLC

Forward-Looking Statements

• Coastline Square, LLC will increase its stake in HCI Group, Inc. over the next 12 months. (Coastline Square, LLC) — low confidence, target: 2025-01-12
• HCI Group, Inc.'s stock price will see a minor positive bump due to new institutional interest. (HCI Group, Inc.) — medium confidence, target: 2024-02-12

FAQ

Filing Documents

• cs_sc13g.htm (SC 13G) — 28KB
• 0001376474-24-000031.txt ( ) — 29KB

Ownership

Item 4. Ownership See Items 5-9 and 11 of the cover page for each Filer. The sum totals for all filers are as below. Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1. (a) Amount beneficially owned: 920,000 (b) Percent of class: 9.59% (c) Number of shares as to which the person has: 3 (i) Sole power to vote or to direct the vote: 920,000 (ii) Shared power to vote or to direct the vote: (iii) Sole power to dispose or to direct the disposition of: 920,000 (iv) Shared power to dispose or to direct the disposition of: 4

Ownership of Five Percent or Less of a Class

Item 5. Ownership of Five Percent or Less of a Class If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following

Ownership of More than Five Percent on Behalf of Another Person

Item 6. Ownership of More than Five Percent on Behalf of Another Person Not applicable. Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company Not applicable.

Identification and Classification of Members of the Group

Item 8. Identification and Classification of Members of the Group Not applicable.

Notice of Dissolution of Group

Item 9. Notice of Dissolution of Group Not applicable.

Certification

Item 10. Certification By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect. 5

SIGNATURES

SIGNATURES After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Date: January 11, 2024 By: /s/ Ravideen Ramsamooj Ravideen Ramsamooj (Manager) 6

View Full Filing

View this SC 13G filing on SEC EDGAR