Key Points
- CEO Brian Roney bought 100,000 shares of Presurance at an average price of $0.72 on April 1 for $72,000, increasing his direct holdings to 510,232 shares (a 24.38% increase).
- Presurance reported a ($1.24) EPS last quarter on $4.62 million of revenue and has weak profitability metrics (negative ROE of 107.54% and net margin -42.58%) with a market cap near $20.24 million.
- Despite the insider purchase, analysts maintain a consensus Sell rating on PRHI, with Weiss Ratings reissuing a "sell (d)" recommendation.
Presurance Holdings, Inc. (NASDAQ:PRHI - Get Free Report) CEO Brian Roney bought 100,000 shares of Presurance stock in a transaction on Wednesday, April 1st. The shares were acquired at an average cost of $0.72 per share, for a total transaction of $72,000.00. Following the completion of the acquisition, the chief executive officer directly owned 510,232 shares in the company, valued at approximately $367,367.04. The trade was a 24.38% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.
Presurance Stock Performance
PRHI stock opened at $0.77 on Friday. The company has a market capitalization of $20.24 million, a P/E ratio of -0.51 and a beta of 0.90. The company's fifty day simple moving average is $0.69. The company has a debt-to-equity ratio of 1.36, a current ratio of 0.68 and a quick ratio of 0.78. Presurance Holdings, Inc. has a 52-week low of $0.42 and a 52-week high of $2.83.
Presurance (NASDAQ:PRHI - Get Free Report) last issued its quarterly earnings data on Friday, March 27th. The company reported ($1.24) earnings per share for the quarter. The business had revenue of $4.62 million during the quarter. Presurance had a negative return on equity of 107.54% and a negative net margin of 42.58%.
Analyst Ratings Changes
Separately, Weiss Ratings reissued a "sell (d)" rating on shares of Presurance in a research note on Monday, December 29th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company currently has a consensus rating of "Sell".
Read Our Latest Stock Report on Presurance
Presurance Company Profile
(
Get Free Report)
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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