Patriot National Inc. (NYSE:PN) insider Judith L. Haddad bought 2,500 shares of the stock in a transaction on Monday, November 28th. The stock was acquired at an average price of $6.64 per share, with a total value of $16,600.00. Following the completion of the acquisition, the insider now owns 80,000 shares of the company’s stock, valued at approximately $531,200. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Shares of Patriot National Inc. (NYSE:PN) opened at 6.51 on Wednesday. The company has a market cap of $172.43 million, a P/E ratio of 13.59 and a beta of 2.77. The stock’s 50 day moving average price is $6.98 and its 200 day moving average price is $8.06. Patriot National Inc. has a 12-month low of $3.56 and a 12-month high of $14.78.

Patriot National (NYSE:PN) last posted its quarterly earnings data on Monday, November 14th. The company reported $0.12 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.27 by $0.15. Patriot National had a return on equity of 13.44% and a net margin of 5.81%. The firm earned $60.20 million during the quarter, compared to analysts’ expectations of $70.19 million. The company’s quarterly revenue was up 2.9% on a year-over-year basis. On average, analysts forecast that Patriot National Inc. will post $0.56 EPS for the current year.

Insider Buying and Selling by Quarter for Patriot National (NYSE:PN)

The company also recently disclosed a special dividend, which will be paid on Friday, December 9th. Stockholders of record on Monday, November 28th will be issued a $2.50 dividend. The ex-dividend date of this dividend is Monday, December 12th.

WARNING: This piece was originally published by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are reading this piece on another publication, it was copied illegally and republished in violation of United States and international copyright and trademark laws. The legal version of this piece can be read at https://www.thecerbatgem.com/2016/11/30/judith-l-haddad-acquires-2500-shares-of-patriot-national-inc-pn-stock.html.

A number of equities research analysts have weighed in on PN shares. Compass Point upgraded Patriot National from a “neutral” rating to a “buy” rating and set a $10.00 target price for the company in a report on Wednesday, November 9th. Zacks Investment Research downgraded Patriot National from a “hold” rating to a “strong sell” rating in a report on Tuesday, November 22nd. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $10.00.

Institutional investors have recently bought and sold shares of the company. K2 Principal Fund L.P. bought a new stake in shares of Patriot National during the third quarter valued at $546,000. OMERS ADMINISTRATION Corp boosted its stake in shares of Patriot National by 17.2% in the third quarter. OMERS ADMINISTRATION Corp now owns 47,800 shares of the company’s stock valued at $431,000 after buying an additional 7,000 shares in the last quarter. Northern Trust Corp boosted its stake in shares of Patriot National by 3.1% in the third quarter. Northern Trust Corp now owns 116,858 shares of the company’s stock valued at $1,053,000 after buying an additional 3,482 shares in the last quarter. Ameriprise Financial Inc. bought a new stake in shares of Patriot National during the third quarter valued at $1,075,000. Finally, BlackRock Investment Management LLC boosted its stake in shares of Patriot National by 21.3% in the third quarter. BlackRock Investment Management LLC now owns 45,610 shares of the company’s stock valued at $411,000 after buying an additional 8,017 shares in the last quarter. Hedge funds and other institutional investors own 25.53% of the company’s stock.

Patriot National Company Profile

Patriot National, Inc is an independent national provider of technology-enabled outsourcing solutions that help insurance carriers, employers and other clients mitigate risk and comply with complex regulations. It offers a range of end-to-end insurance related and specialty services. The Company principally offers approximately two types of services: front-end services, such as brokerage, underwriting and policyholder services, and back-end services, such as claims adjudication and administration.

5 Day Chart for NYSE:PN

Receive News & Stock Ratings for Patriot National Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Patriot National Inc. and related stocks with our FREE daily email newsletter.