Patriot National, Inc. (PN) Sets New 1-Year Low at $1.00
Patriot National, Inc. (NYSE:PN)’s share price hit a new 52-week low on Wednesday . The stock traded as low as $1.00 and last traded at $1.02, with a volume of 328,823 shares changing hands. The stock had previously closed at $1.10.
Separately, ValuEngine raised Patriot National from a “strong sell” rating to a “sell” rating in a research report on Tuesday, August 1st. One research analyst has rated the stock with a sell rating and four have given a hold rating to the company. The company presently has an average rating of “Hold” and an average price target of $7.33.
The stock has a 50 day moving average price of $1.22 and a 200 day moving average price of $1.22. The company’s market cap is $31.81 million.
Hedge funds have recently made changes to their positions in the stock. Teachers Advisors LLC boosted its holdings in Patriot National by 104.9% in the 4th quarter. Teachers Advisors LLC now owns 34,383 shares of the financial services provider’s stock worth $160,000 after buying an additional 17,600 shares during the period. Goldman Sachs Group Inc. raised its holdings in Patriot National by 241.4% during the 2nd quarter. Goldman Sachs Group Inc. now owns 102,714 shares of the financial services provider’s stock valued at $218,000 after acquiring an additional 72,626 shares during the period. Finally, JT Stratford LLC raised its holdings in Patriot National by 134.6% during the 2nd quarter. JT Stratford LLC now owns 368,507 shares of the financial services provider’s stock valued at $781,000 after acquiring an additional 211,430 shares during the period. Institutional investors own 13.32% of the company’s stock.
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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.
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