1347 Property Insurance Holdings Inc. (NASDAQ:PIH) major shareholder Global Investors Fundamental purchased 59,913 shares of the company’s stock in a transaction that occurred on Thursday, November 17th. The shares were purchased at an average cost of $7.02 per share, for a total transaction of $420,589.26. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Major shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

Global Investors Fundamental also recently made the following trade(s):

  • On Friday, October 7th, Global Investors Fundamental purchased 67,187 shares of 1347 Property Insurance Holdings stock. The shares were purchased at an average cost of $7.43 per share, for a total transaction of $499,199.41.
  • On Wednesday, October 5th, Global Investors Fundamental purchased 12,000 shares of 1347 Property Insurance Holdings stock. The shares were purchased at an average cost of $7.08 per share, for a total transaction of $84,960.00.
  • On Tuesday, October 4th, Global Investors Fundamental purchased 2,900 shares of 1347 Property Insurance Holdings stock. The shares were purchased at an average cost of $6.66 per share, for a total transaction of $19,314.00.
  • On Monday, October 3rd, Global Investors Fundamental purchased 22,100 shares of 1347 Property Insurance Holdings stock. The shares were purchased at an average cost of $6.47 per share, for a total transaction of $142,987.00.
  • On Friday, September 30th, Global Investors Fundamental purchased 37,100 shares of 1347 Property Insurance Holdings stock. The shares were purchased at an average cost of $6.05 per share, for a total transaction of $224,455.00.

Shares of 1347 Property Insurance Holdings Inc. (NASDAQ:PIH) opened at 7.65 on Tuesday. The firm has a market capitalization of $46.10 million, a price-to-earnings ratio of 67.11 and a beta of 0.36. 1347 Property Insurance Holdings Inc. has a 52-week low of $5.32 and a 52-week high of $8.04. The company’s 50 day moving average price is $7.39 and its 200 day moving average price is $6.68.

Separately, TheStreet raised 1347 Property Insurance Holdings from a “hold” rating to a “buy” rating in a research report on Wednesday, October 26th.

About 1347 Property Insurance Holdings

1347 Property Insurance Holdings, Inc is a holding company. The Company, through its subsidiaries, is engaged providing property and casualty insurance. The Company offers homeowners’ insurance, manufactured home insurance and dwelling fire insurance. It writes both full peril property policies, as well as wind/hail only exposures and it distributes policies through independent insurance agents.

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