Presurance Holdings, Inc. (NASDAQ:PRHI – Get Free Report) was the recipient of a significant growth in short interest in October. As of October 15th, there was short interest totaling 7,170 shares, a growth of 111.1% from the September 30th total of 3,397 shares. Based on an average daily volume of 26,609 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.7% of the company’s stock are sold short.
Wall Street Analyst Weigh In
Separately, Weiss Ratings raised Presurance from a “sell (e+)” rating to a “sell (d-)” rating in a report on Monday, September 14th. One equities research analyst has rated the stock with a Sell rating. According to MarketBeat.com, Presurance currently has a consensus rating of “Sell” and a consensus price target of $7.00.
Get Our Latest Stock Analysis on Presurance
Presurance Trading Down 2.9%
PRHI traded down $0.21 during mid-day trading on Friday, reaching $7.04. The stock had a trading volume of 23,546 shares, compared to its average volume of 31,205. Presurance has a 52 week low of $3.36 and a 52 week high of $10.78. The stock has a market capitalization of $26.37 million, a P/E ratio of -0.69 and a beta of 0.87. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.67 and a current ratio of 0.67. The firm’s fifty day simple moving average is $7.45 and its two-hundred day simple moving average is $5.59.
Presurance (NASDAQ:PRHI – Get Free Report) last issued its earnings results on Wednesday, August 12th. The company reported $0.35 EPS for the quarter. The firm had revenue of $9.14 million during the quarter. Presurance had a negative net margin of 49.56% and a negative return on equity of 89.12%.
Insider Buying and Selling
In other Presurance news, CEO Brian Roney purchased 7,500 shares of the company’s stock in a transaction dated Wednesday, September 30th. The shares were bought at an average price of $6.75 per share, for a total transaction of $50,625.00. Following the purchase, the chief executive officer directly owned 80,390 shares in the company, valued at $542,632.50. This trade represents a 10.29% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Harold J. Meloche purchased 4,100 shares of the firm’s stock in a transaction dated Wednesday, September 30th. The shares were bought at an average price of $6.38 per share, with a total value of $26,158.00. Following the purchase, the chief financial officer owned 14,468 shares in the company, valued at $92,305.84. This represents a 39.54% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Over the last three months, insiders purchased 37,100 shares of company stock valued at $248,908. 73.30% of the stock is owned by company insiders.
About Presurance
Conifer Holdings, Inc, an insurance holding company, engages in the sale of property and casualty insurance products. It offers insurance coverage in specialty commercial and personal product lines. The company underwrites various specialty insurance products, including property, general liability, liquor liability, automobile, and homeowners and dwelling policies. It serves the commercial insurance needs of owner-operated businesses in the markets, such as hospitality, which includes restaurants, bars, taverns, and bowling centers, as well as small grocery and convenience stores; artisan contractors comprising plumbers, painters, carpenters, electricians, and other independent contractors; and security service providers, including companies that provide security guard services, security alarm products and services, and private investigative services.
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