James G. Petcoff Buys 35,000 Shares of Conifer Holdings Inc. (CNFR) Stock
Conifer Holdings Inc. (NASDAQ:CNFR) Chairman James G. Petcoff bought 35,000 shares of the firm’s stock in a transaction dated Wednesday, November 23rd. The stock was purchased at an average cost of $7.20 per share, with a total value of $252,000.00. Following the transaction, the chairman now directly owns 42,057 shares in the company, valued at approximately $302,810.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Conifer Holdings Inc. (NASDAQ:CNFR) opened at 7.15 on Wednesday. Conifer Holdings Inc. has a 52-week low of $5.32 and a 52-week high of $10.09. The company’s market cap is $54.57 million. The company’s 50-day moving average price is $7.84 and its 200-day moving average price is $7.50.
Conifer Holdings (NASDAQ:CNFR) last posted its earnings results on Wednesday, November 9th. The company reported ($0.20) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.07) by $0.13. Conifer Holdings had a negative return on equity of 9.16% and a negative net margin of 7.17%. Equities research analysts expect that Conifer Holdings Inc. will post ($0.71) EPS for the current fiscal year.
Separately, Zacks Investment Research lowered Conifer Holdings from a “hold” rating to a “sell” rating in a research report on Friday, October 21st.
A number of hedge funds have recently bought and sold shares of CNFR. Philadelphia Trust Co. acquired a new position in shares of Conifer Holdings during the third quarter worth about $444,000. Wells Fargo & Company MN increased its position in shares of Conifer Holdings by 43.5% in the third quarter. Wells Fargo & Company MN now owns 96,464 shares of the company’s stock worth $804,000 after buying an additional 29,239 shares during the last quarter. Eidelman Virant Capital increased its position in shares of Conifer Holdings by 35.3% in the third quarter. Eidelman Virant Capital now owns 287,916 shares of the company’s stock worth $2,398,000 after buying an additional 75,052 shares during the last quarter. Pacific Ridge Capital Partners LLC increased its position in shares of Conifer Holdings by 2.9% in the second quarter. Pacific Ridge Capital Partners LLC now owns 307,710 shares of the company’s stock worth $2,136,000 after buying an additional 8,560 shares during the last quarter. Finally, Vanguard Group Inc. increased its position in shares of Conifer Holdings by 0.4% in the second quarter. Vanguard Group Inc. now owns 115,807 shares of the company’s stock worth $804,000 after buying an additional 500 shares during the last quarter. Institutional investors own 28.96% of the company’s stock.
Conifer Holdings Company Profile
Conifer Holdings, Inc is an insurance holding company. Through its insurance company subsidiaries, the Company offers insurance coverage in both specialty commercial and specialty personal product lines. It operates through two segments: commercial lines and personal lines. It is engaged in underwriting and marketing insurance coverage, and administering claims processing for such policies.
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