Conifer Holdings Inc (NASDAQ:CNFR) major shareholder Clarkston Ventures, Llc acquired 321,782 shares of the business’s stock in a transaction on Wednesday, November 6th. The shares were bought at an average price of $4.50 per share, with a total value of $1,448,019.00. Following the completion of the transaction, the insider now directly owns 2,107,425 shares of the company’s stock, valued at $9,483,412.50. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Major shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.
Clarkston Ventures, Llc also recently made the following trade(s):
- On Wednesday, August 14th, Clarkston Ventures, Llc acquired 193,269 shares of Conifer stock. The shares were bought at an average price of $3.75 per share, with a total value of $724,758.75.
CNFR stock traded up $0.12 during mid-day trading on Friday, hitting $3.75. 5 shares of the company were exchanged, compared to its average volume of 1,234. The business has a 50 day simple moving average of $3.68 and a 200-day simple moving average of $3.84. The company has a current ratio of 0.50, a quick ratio of 0.50 and a debt-to-equity ratio of 0.75. The stock has a market capitalization of $34.99 million, a PE ratio of -8.52 and a beta of 1.42. Conifer Holdings Inc has a 1-year low of $3.06 and a 1-year high of $5.98.
Conifer (NASDAQ:CNFR) last released its quarterly earnings results on Wednesday, August 7th. The insurance provider reported ($0.67) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.17) by ($0.50). Conifer had a negative net margin of 12.40% and a negative return on equity of 34.09%. The business had revenue of $22.78 million during the quarter, compared to analyst estimates of $23.16 million. Equities research analysts expect that Conifer Holdings Inc will post -1.33 earnings per share for the current year.
Several equities research analysts have issued reports on the stock. ValuEngine upgraded shares of Conifer from a “hold” rating to a “buy” rating in a research report on Friday, November 1st. Zacks Investment Research upgraded shares of Conifer from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 16th.
Conifer Company Profile
Conifer Holdings, Inc, an insurance holding company, offers insurance coverage in specialty commercial and personal product lines. The company underwrites various specialty insurance products, including property, general liability, commercial multi-peril, liquor liability, and automobile 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, such as companies that provide security guard services, security alarm products and services, and private investigative services.
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