Presurance Holdings, Inc. (NASDAQ:PRHI) Stock Short Interest Report for September

by · The Markets Daily

Presurance Holdings, Inc. (NASDAQ:PRHI – Get Free Report) was the recipient of a significant decline in short interest in September. As of September 30th, there was short interest totaling 3,397 shares, a decline of 47.3% from the September 15th total of 6,451 shares. Based on an average daily volume of 20,664 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.3% of the shares of the stock are sold short.

Presurance Trading Down 2.3%

Shares of PRHI stock traded down $0.19 on Friday, hitting $7.95. 22,578 shares of the stock traded hands, compared to its average volume of 15,526. The firm’s 50-day moving average price is $7.21 and its two-hundred day moving average price is $5.76. 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 stock has a market capitalization of $29.81 million, a PE ratio of -0.78 and a beta of 0.87. Presurance has a twelve month low of $3.36 and a twelve month high of $11.34.

Presurance (NASDAQ:PRHI – Get Free Report) last announced its quarterly earnings data on Wednesday, August 12th. The company reported $0.35 earnings per share (EPS) for the quarter. Presurance had a negative net margin of 49.56% and a negative return on equity of 89.12%. The firm had revenue of $9.14 million during the quarter.

Insider Activity

In other news, CFO Harold J. Meloche acquired 4,100 shares of the firm’s stock in a transaction on 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 acquisition, the chief financial officer owned 14,468 shares of the company’s stock, valued at approximately $92,305.84. This trade represents a 39.54% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Brian J. Roney bought 7,500 shares of the stock in a transaction on Wednesday, September 30th. The shares were acquired at an average cost of $6.75 per share, for a total transaction of $50,625.00. Following the purchase, the chief executive officer owned 80,390 shares in the company, valued at $542,632.50. The trade was a 10.29% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders bought 37,100 shares of company stock valued at $248,908 in the last three months. Company insiders own 73.30% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Weiss Ratings upgraded shares of Presurance from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Monday, September 14th. One equities research analyst has rated the stock with a Sell rating. Based on data from MarketBeat, the company has an average rating of “Sell” and an average price target of $7.00.

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About Presurance

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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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