American Independence Corp. Major Shareholder Acquires $7,626,400 in Stock (AMIC)
American Independence Corp. (NASDAQ:AMIC) major shareholder Holding Co Independence purchased 762,640 shares of American Independence Corp. stock on the open market in a transaction that occurred on Tuesday, October 8th. The shares were purchased at an average cost of $10.00 per share, with a total value of $7,626,400.00. Following the transaction, the insider now directly owns 2,800,795 shares in the company, valued at approximately $28,007,950. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Large shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.
Shares of American Independence Corp. (NASDAQ:AMIC) traded up 0.19% during mid-day trading on Tuesday, hitting $10.45. The stock had a trading volume of 9,355 shares. American Independence Corp. has a 52 week low of $3.67 and a 52 week high of $11.53. The stock’s 50-day moving average is $9.39 and its 200-day moving average is $7.90. The company has a market cap of $84.4 million and a P/E ratio of 8.23.
American Independence Corp. (NASDAQ:AMIC) is a holding company principally engaged in health insurance and reinsurance.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.