May 11, 2016 (Shareholders Foundation) - An investigation on behalf of current long-term investors in shares of Health Insurance Innovations Inc (NASDAQ:HIIQ) was announced over potential breaches of fiduciary duties by certain officers and directors at Health Insurance Innovations Inc (NASDAQ:HIIQ.
The investigation by a law firm concerns whether certain Health Insurance Innovations and directors breached their fiduciary duties and caused damage to the company and its shareholders.
Health Insurance Innovations Inc reported that its annual Total Revenue rose from $56.64 million in 2013 to $104.70 million in 2015 and that its Net Loss of $3.35 million in 2013 turned into a Net income of $0.60 million in 2015.
Shares of Health Insurance Innovations Inc (NASDAQ:HIIQ) reached as high as $14.99 per share in May 2013 and declined in 2015 as low as $4.15 per share in August 2015.
On May 11, 2016, NASDAQ:HIIQ shares closed at $6.31 per share.