Key Points
- Director James Grant Smith purchased 7,250 Presurance shares at an average price of $6.75, investing $48,937.50 and increasing his direct ownership by 83.3% to 15,953 shares.
- Presurance shares opened at $6.92, with a 52-week range of $3.36 to $19.81 and a market capitalization of approximately $25.95 million.
- The company reported $0.35 in quarterly earnings per share on $9.14 million in revenue, but continues to have negative profitability metrics. The sole analyst rating remains Sell, with a $7.00 average price target.
Presurance Holdings, Inc. (NASDAQ:PRHI - Get Free Report) CFO Harold Meloche bought 4,100 shares of the company's stock in a transaction on Wednesday, September 30th. The stock was bought at an average cost of $6.38 per share, for a total transaction of $26,158.00. Following the completion of the acquisition, the chief financial officer directly owned 14,468 shares of the company's stock, valued at approximately $92,305.84. This represents a 39.54% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.
Presurance Trading Up 8.3%
NASDAQ PRHI opened at $6.92 on Friday. Presurance Holdings, Inc. has a 12 month low of $3.36 and a 12 month high of $19.81. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 0.44. The stock's fifty day moving average price is $6.64 and its 200-day moving average price is $5.50. The stock has a market cap of $25.95 million, a P/E ratio of -0.68 and a beta of 0.87.
Presurance (NASDAQ:PRHI - Get Free Report) last posted its quarterly earnings results on Wednesday, August 12th. The company reported $0.35 earnings per share (EPS) for the quarter. The firm had revenue of $9.14 million during the quarter. Presurance had a negative return on equity of 89.12% and a negative net margin of 49.56%.
Analyst Ratings Changes
Separately, Weiss Ratings upgraded shares of Presurance from a "sell (e+)" rating to a "sell (d-)" rating in a research note on Monday, September 14th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, Presurance currently has an average rating of "Sell" and a consensus price target of $7.00.
Read Our Latest Report on PRHI
About Presurance
(
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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