Insider Buying: Presurance (NASDAQ:PRHI) CFO Purchases 4,100 Shares of Stock

Presurance Holdings, Inc. (NASDAQ:PRHI) CFO Harold Meloche purchased 4,100 shares of Presurance stock in a transaction that occurred on Wednesday, September 30th. The shares were acquired at an average price of $6.38 per share, for a total transaction of $26,158.00. Following the acquisition, the chief financial officer owned 14,468 shares in the company, valued at $92,305.84. This trade represents a 39.54% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Presurance Trading Up 8.3%

PRHI traded up $0.53 during midday trading on Thursday, reaching $6.92. 26,535 shares of the company’s stock traded hands, compared to its average volume of 14,877. Presurance Holdings, Inc. has a 52 week low of $3.36 and a 52 week high of $19.81. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.67 and a quick ratio of 0.67. The firm has a fifty day moving average of $6.61 and a two-hundred day moving average of $5.48. The stock has a market capitalization of $25.95 million, a price-to-earnings ratio of -0.68 and a beta of 0.98.

Presurance (NASDAQ:PRHI) last issued its quarterly earnings data on Wednesday, August 12th. The company reported $0.35 earnings per share for the quarter. Presurance had a negative return on equity of 89.12% and a negative net margin of 49.56%.The firm had revenue of $9.14 million for the quarter.

Analyst Ratings Changes

Separately, Weiss Ratings raised shares of Presurance from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Monday, September 14th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Sell” and a consensus price target of $7.00.

About Presurance

Conifer Holdings, Inc, an insurance holding company, engages in the sale of property and casualty insurance products. It offers insurance coverage in specialty commercial and personal product lines. The company underwrites various specialty insurance products, including property, general liability, liquor liability, automobile, and homeowners and dwelling policies. It serves the commercial insurance needs of owner-operated businesses in the markets, such as hospitality, which includes restaurants, bars, taverns, and bowling centers, as well as small grocery and convenience stores; artisan contractors comprising plumbers, painters, carpenters, electricians, and other independent contractors; and security service providers, including companies that provide security guard services, security alarm products and services, and private investigative services.