Presurance (NASDAQ:PRHI) Stock: Insider Joseph Sarafa Buys 11,000 Shares

Presurance Holdings, Inc. (NASDAQ:PRHI) Director Joseph Sarafa purchased 11,000 shares of Presurance stock in a transaction dated Wednesday, September 30th. The shares were acquired at an average cost of $6.75 per share, for a total transaction of $74,250.00. Following the transaction, the director directly owned 61,000 shares of the company’s stock, valued at approximately $411,750. This represents a 22.00% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Presurance Stock Up 8.3%

Shares of NASDAQ PRHI traded up $0.53 during midday trading on Thursday, hitting $6.92. The company’s stock had a trading volume of 26,535 shares, compared to its average volume of 14,877. The business’s fifty day simple moving average is $6.61 and its two-hundred day simple moving average is $5.48. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.67 and a quick ratio of 0.67. Presurance Holdings, Inc. has a 1 year low of $3.36 and a 1 year high of $19.81. The firm 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 announced its earnings results on Wednesday, August 12th. The company reported $0.35 earnings per share for the quarter. Presurance had a negative net margin of 49.56% and a negative return on equity of 89.12%. The firm had revenue of $9.14 million for the quarter.

Analyst Ratings Changes

Separately, Weiss Ratings upgraded 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, According to data from MarketBeat.com, the company presently has an average rating of “Sell” and an average target price 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.