Presurance Holdings, Inc. (NASDAQ:PRHI – Get Free Report) was the recipient of a significant decrease in short interest during the month of September. As of September 30th, there was short interest totaling 3,397 shares, a decrease of 47.3% from the September 15th total of 6,451 shares. Currently, 0.3% of the company’s shares are sold short. Based on an average daily volume of 20,664 shares, the days-to-cover ratio is presently 0.2 days.
Analyst Ratings Changes
Separately, Weiss Ratings upgraded shares of 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 data from MarketBeat.com, Presurance presently has a consensus rating of “Sell” and an average price target of $7.00.
Read Our Latest Research Report on PRHI
Presurance Stock Up 2.4%
Shares of NASDAQ:PRHI traded up $0.19 during midday trading on Thursday, reaching $8.14. The company had a trading volume of 60,374 shares, compared to its average volume of 15,491. The stock has a market capitalization of $30.49 million, a P/E ratio of -0.79 and a beta of 0.87. The stock’s fifty day moving average price is $7.09 and its 200-day moving average price is $5.71. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.67 and a quick ratio of 0.67. Presurance has a one year low of $3.36 and a one year high of $11.34.
Presurance (NASDAQ:PRHI – Get Free Report) last released its earnings results on Wednesday, August 12th. The company reported $0.35 earnings per share for the quarter. Presurance had a negative net margin of 49.56% and a negative return on equity of 89.12%. The company had revenue of $9.14 million during the quarter.
Insider Transactions at Presurance
In other Presurance news, Director Isolde O’hanlon purchased 7,250 shares of the firm’s stock in a transaction on Wednesday, September 30th. The shares were purchased at an average cost of $6.75 per share, with a total value of $48,937.50. Following the purchase, the director owned 7,964 shares in the company, valued at approximately $53,757. This represents a 1,015.41% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CFO Harold J. Meloche acquired 4,100 shares of the business’s stock in a transaction dated Wednesday, September 30th. The shares were bought at an average price of $6.38 per share, for a total transaction of $26,158.00. Following the completion of the acquisition, the chief financial officer owned 14,468 shares in the company, valued at approximately $92,305.84. This trade represents a 39.54% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last three months, insiders acquired 37,100 shares of company stock valued at $248,908. Corporate insiders own 73.30% of the company’s stock.
Presurance Company Profile
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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