Hallmark Financial Services (HALL) Hits New 1-Year Low at $8.72

Shares of Hallmark Financial Services, Inc. (NASDAQ:HALL) reached a new 52-week low on Monday . The company traded as low as $8.72 and last traded at $8.70, with a volume of 45847 shares. The stock had previously closed at $9.11.

A number of analysts have weighed in on the company. ValuEngine lowered Hallmark Financial Services from a “hold” rating to a “sell” rating in a report on Saturday. Zacks Investment Research downgraded Hallmark Financial Services from a “buy” rating to a “hold” rating in a research report on Wednesday, March 14th. Finally, Boenning Scattergood reaffirmed a “hold” rating on shares of Hallmark Financial Services in a research report on Tuesday, March 13th.

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The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.41 and a current ratio of 0.41. The company has a market cap of $165.52, a PE ratio of -14.02 and a beta of 0.83.

In other news, CEO Naveen Anand bought 10,600 shares of the business’s stock in a transaction that occurred on Wednesday, March 14th. The shares were purchased at an average cost of $9.34 per share, with a total value of $99,004.00. Following the transaction, the chief executive officer now directly owns 70,900 shares in the company, valued at $662,206. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 28.70% of the stock is owned by corporate insiders.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in HALL. Russell Investments Group Ltd. increased its position in shares of Hallmark Financial Services by 53.6% in the 3rd quarter. Russell Investments Group Ltd. now owns 683,080 shares of the insurance provider’s stock valued at $7,930,000 after acquiring an additional 238,254 shares during the period. Chartwell Investment Partners LLC increased its position in shares of Hallmark Financial Services by 29.8% in the 4th quarter. Chartwell Investment Partners LLC now owns 504,596 shares of the insurance provider’s stock valued at $5,263,000 after acquiring an additional 115,776 shares during the period. Roumell Asset Management LLC increased its position in shares of Hallmark Financial Services by 23.1% in the 3rd quarter. Roumell Asset Management LLC now owns 177,327 shares of the insurance provider’s stock valued at $2,059,000 after acquiring an additional 33,227 shares during the period. Stone Ridge Asset Management LLC acquired a new position in shares of Hallmark Financial Services in the 4th quarter valued at $305,000. Finally, Martingale Asset Management L P increased its position in shares of Hallmark Financial Services by 32.7% in the 4th quarter. Martingale Asset Management L P now owns 60,504 shares of the insurance provider’s stock valued at $632,000 after acquiring an additional 14,911 shares during the period. 65.88% of the stock is currently owned by hedge funds and other institutional investors.

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Hallmark Financial Services Company Profile

Hallmark Financial Services, Inc is an insurance holding company. The Company markets, distributes, underwrites and services its property/casualty insurance products to businesses and individuals. Its business involves marketing, distributing, underwriting and servicing insurance products, as well as providing other insurance related services.

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