Security National Financial Corporation (NASDAQ:SNFCA) Short Interest Update
by Teresa Graham · The Cerbat GemSecurity National Financial Corporation (NASDAQ:SNFCA – Get Free Report) was the recipient of a large decline in short interest in March. As of March 31st, there was short interest totaling 218,061 shares, a decline of 18.6% from the March 15th total of 267,953 shares. Approximately 1.0% of the company’s stock are short sold. Based on an average trading volume of 54,648 shares, the short-interest ratio is currently 4.0 days.
Insider Buying and Selling
In related news, Director Gilbert A. Fuller sold 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, April 7th. The stock was sold at an average price of $9.45, for a total transaction of $94,500.00. Following the transaction, the director directly owned 31,973 shares of the company’s stock, valued at approximately $302,144.85. The trade was a 23.82% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 13.00% of the company’s stock.
Hedge Funds Weigh In On Security National Financial
A number of institutional investors have recently made changes to their positions in the business. Veradace Capital Management LLC bought a new stake in shares of Security National Financial in the 4th quarter valued at approximately $3,181,000. Geode Capital Management LLC increased its holdings in shares of Security National Financial by 134.4% in the 2nd quarter. Geode Capital Management LLC now owns 308,665 shares of the credit services provider’s stock valued at $3,041,000 after acquiring an additional 176,996 shares during the last quarter. Raymond James Financial Inc. increased its holdings in shares of Security National Financial by 1,404.7% in the 2nd quarter. Raymond James Financial Inc. now owns 151,688 shares of the credit services provider’s stock valued at $1,494,000 after acquiring an additional 141,607 shares during the last quarter. M3F Inc. increased its holdings in shares of Security National Financial by 5.2% in the 3rd quarter. M3F Inc. now owns 2,233,648 shares of the credit services provider’s stock valued at $19,366,000 after acquiring an additional 111,223 shares during the last quarter. Finally, Ameriprise Financial Inc. grew its stake in Security National Financial by 21.7% during the 3rd quarter. Ameriprise Financial Inc. now owns 569,295 shares of the credit services provider’s stock worth $4,936,000 after buying an additional 101,477 shares during the last quarter. 45.58% of the stock is owned by institutional investors and hedge funds.
Security National Financial Stock Down 0.3%
Shares of SNFCA traded down $0.03 during trading on Thursday, reaching $9.65. The company’s stock had a trading volume of 23,914 shares, compared to its average volume of 34,950. The company has a fifty day moving average of $9.21 and a two-hundred day moving average of $8.80. Security National Financial has a twelve month low of $7.70 and a twelve month high of $10.48. The company has a market cap of $251.09 million, a price-to-earnings ratio of 7.65 and a beta of 0.70.
Security National Financial (NASDAQ:SNFCA – Get Free Report) last announced its earnings results on Monday, March 16th. The credit services provider reported $0.53 earnings per share (EPS) for the quarter. Security National Financial had a return on equity of 8.71% and a net margin of 9.33%.The company had revenue of $82.98 million for the quarter.
Analysts Set New Price Targets
Several equities analysts recently commented on SNFCA shares. Weiss Ratings reissued a “hold (c)” rating on shares of Security National Financial in a research report on Monday, December 29th. Wall Street Zen raised Security National Financial from a “hold” rating to a “buy” rating in a research report on Saturday, March 21st. One research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock presently has an average rating of “Hold”.
Check Out Our Latest Stock Report on SNFCA
Security National Financial Company Profile
Security National Financial Corp. is a diversified provider of mortgage lending, settlement and technology services under the NASDAQ ticker SNFCA. Through its primary subsidiaries—Security National Mortgage Company and Titan Lenders Corp—the company originates and funds residential mortgage loans across retail, wholesale and correspondent channels. Its platform supports a full range of loan products, including conventional, government-insured and jumbo financing tailored to homebuyers and investors.
Established in 1989, Security National Mortgage Company operates a nationwide branch network in all 50 states, offering local origination backed by centralized underwriting and closing services.