Christopher Griffith Sells 10,000 Shares of AMERICAN COASTAL INSURANCE Corp (NASDAQ:ACIC) Stock

AMERICAN COASTAL INSURANCE Corp (NASDAQ:ACIC) COO Christopher Griffith sold 10,000 shares of the company’s stock in a transaction dated Tuesday, June 3rd. The stock was sold at an average price of $11.78, for a total transaction of $117,800.00. Following the completion of the transaction, the chief operating officer now owns 188,210 shares in the company, valued at $2,217,113.80. This represents a 5.05% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

AMERICAN COASTAL INSURANCE Stock Performance

Shares of ACIC stock opened at $10.92 on Friday. The stock has a market capitalization of $528.01 million, a price-to-earnings ratio of 7.33 and a beta of -0.28. AMERICAN COASTAL INSURANCE Corp has a one year low of $8.82 and a one year high of $15.08.

Institutional Investors Weigh In On AMERICAN COASTAL INSURANCE

An institutional investor recently bought a new position in AMERICAN COASTAL INSURANCE stock. Militia Capital Partners LP purchased a new position in AMERICAN COASTAL INSURANCE Corp (NASDAQ:ACIC) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 90,658 shares of the company’s stock, valued at approximately $1,049,000. AMERICAN COASTAL INSURANCE accounts for approximately 0.8% of Militia Capital Partners LP’s investment portfolio, making the stock its 26th largest holding. Militia Capital Partners LP owned about 0.19% of AMERICAN COASTAL INSURANCE at the end of the most recent quarter. Hedge funds and other institutional investors own 22.11% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen downgraded shares of AMERICAN COASTAL INSURANCE from a “buy” rating to a “hold” rating in a research note on Friday, May 23rd.

AMERICAN COASTAL INSURANCE Company Profile

American Coastal Insurance Corporation operates as a property and casualty insurance holding company that sources, writes, and services residential personal and commercial property, and casualty insurance policies in the United States. The company offers structure, content, and liability coverage for standard single-family homeowners, renters, and condominium unit owners.