Conifer Holdings, Inc. (NASDAQ:CNFR) shares hit a new 52-week low during trading on Monday . The company traded as low as $5.75 and last traded at $6.10, with a volume of 5700 shares traded. The stock had previously closed at $6.10.
CNFR has been the topic of a number of recent research reports. Boenning Scattergood restated a “hold” rating on shares of Conifer Holdings in a research note on Wednesday, October 4th. Zacks Investment Research cut Conifer Holdings from a “hold” rating to a “strong sell” rating in a research note on Wednesday, August 16th.
The company has a debt-to-equity ratio of 0.55, a current ratio of 0.54 and a quick ratio of 0.54.
In other Conifer Holdings news, Chairman James G. Petcoff purchased 216,000 shares of the business’s stock in a transaction that occurred on Friday, September 29th. The shares were acquired at an average price of $6.25 per share, for a total transaction of $1,350,000.00. Following the completion of the purchase, the chairman now owns 258,057 shares in the company, valued at approximately $1,612,856.25. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Joseph D. Sarafa purchased 24,000 shares of the business’s stock in a transaction that occurred on Friday, September 29th. The stock was acquired at an average price of $6.25 per share, for a total transaction of $150,000.00. Following the purchase, the director now owns 49,000 shares of the company’s stock, valued at approximately $306,250. The disclosure for this purchase can be found here. In the last quarter, insiders purchased 260,000 shares of company stock worth $1,625,000. Insiders own 45.50% of the company’s stock.
An institutional investor recently raised its position in Conifer Holdings stock. Northpointe Capital LLC raised its position in shares of Conifer Holdings, Inc. (NASDAQ:CNFR) by 22.7% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 316,190 shares of the insurance provider’s stock after buying an additional 58,484 shares during the quarter. Northpointe Capital LLC owned about 4.14% of Conifer Holdings worth $2,182,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 24.41% of the company’s stock.
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Conifer Holdings Company Profile
Conifer Holdings, Inc is an insurance holding company. Through its insurance company subsidiaries, the Company offers insurance coverage in both specialty commercial and specialty personal product lines. It operates through two segments: commercial lines and personal lines. It is engaged in underwriting and marketing insurance coverage, and administering claims processing for such policies.
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