Conifer Holdings, Inc. (NASDAQ:CNFR) Sees Large Increase in Short Interest

Conifer Holdings, Inc. (NASDAQ:CNFR) was the target of a significant growth in short interest during the month of April. As of April 15th, there was short interest totalling 8,200 shares, a growth of 8,100.0% from the March 31st total of 100 shares. Approximately 0.2% of the shares of the company are sold short. Based on an average daily volume of 18,500 shares, the short-interest ratio is currently 0.4 days.

Conifer Trading Down 5.4 %

Shares of Conifer stock opened at $0.65 on Friday. Conifer has a 1-year low of $0.42 and a 1-year high of $1.91. The company’s fifty day simple moving average is $0.74 and its 200-day simple moving average is $0.98. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.66 and a quick ratio of 0.66. The stock has a market capitalization of $7.96 million, a PE ratio of 0.27 and a beta of 0.69.

Conifer (NASDAQ:CNFR) last released its earnings results on Friday, March 28th. The insurance provider reported ($2.11) earnings per share for the quarter. The company had revenue of $14.73 million for the quarter. Conifer had a net margin of 34.76% and a negative return on equity of 335.82%.

Insiders Place Their Bets

In other Conifer news, Director Joseph D. Sarafa bought 100,000 shares of the business’s stock in a transaction that occurred on Monday, April 7th. The stock was bought at an average cost of $0.53 per share, for a total transaction of $53,000.00. Following the completion of the transaction, the director now owns 350,000 shares of the company’s stock, valued at $185,500. This represents a 40.00 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Over the last three months, insiders have bought 138,000 shares of company stock valued at $75,320. Insiders own 70.40% of the company’s stock.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Conifer stock. Nemes Rush Group LLC bought a new stake in shares of Conifer Holdings, Inc. (NASDAQ:CNFR) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 41,115 shares of the insurance provider’s stock, valued at approximately $48,000. Nemes Rush Group LLC owned 0.34% of Conifer at the end of the most recent quarter. 34.88% of the stock is currently owned by institutional investors.

Conifer Company Profile

Conifer Holdings, Inc, an insurance holding company, engages in the sale of property and casualty insurance products. The company offers insurance coverage in specialty commercial and personal product lines. It also underwrites various specialty insurance products, including property, general liability, liquor liability, automobile, and homeowners and dwelling policies.