FedNat (NASDAQ:FNHC) Coverage Initiated by Analysts at StockNews.com

StockNews.com assumed coverage on shares of FedNat (NASDAQ:FNHCGet Rating) in a research note issued to investors on Monday. The firm issued a sell rating on the insurance provider’s stock.

Separately, Zacks Investment Research raised FedNat from a sell rating to a hold rating in a report on Tuesday, January 11th.

Shares of NASDAQ FNHC opened at $1.12 on Monday. The stock has a market cap of $19.54 million, a P/E ratio of -0.18 and a beta of 0.90. The company has a debt-to-equity ratio of 1.67, a current ratio of 0.69 and a quick ratio of 0.69. The business’s 50-day simple moving average is $1.29. FedNat has a 1 year low of $1.00 and a 1 year high of $5.33.

FedNat (NASDAQ:FNHCGet Rating) last announced its quarterly earnings results on Thursday, March 3rd. The insurance provider reported ($0.42) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($1.31) by $0.89. The company had revenue of $66.97 million during the quarter, compared to the consensus estimate of $82.60 million. FedNat had a negative return on equity of 97.80% and a negative net margin of 41.99%. During the same period in the previous year, the business earned ($1.96) EPS. Equities analysts anticipate that FedNat will post -0.3 earnings per share for the current year.

Institutional investors have recently bought and sold shares of the company. Moors & Cabot Inc. acquired a new stake in shares of FedNat in the 3rd quarter worth approximately $25,000. Assenagon Asset Management S.A. grew its holdings in shares of FedNat by 63.9% in the 4th quarter. Assenagon Asset Management S.A. now owns 44,822 shares of the insurance provider’s stock worth $63,000 after acquiring an additional 17,478 shares during the period. Raymond James & Associates acquired a new stake in shares of FedNat in the 4th quarter worth approximately $30,000. Veritable L.P. acquired a new stake in shares of FedNat in the 3rd quarter worth approximately $74,000. Finally, Polaris Capital Management LLC grew its holdings in shares of FedNat by 14.9% in the 4th quarter. Polaris Capital Management LLC now owns 459,500 shares of the insurance provider’s stock worth $648,000 after acquiring an additional 59,500 shares during the period. 41.22% of the stock is owned by institutional investors and hedge funds.

FedNat Company Profile (Get Rating)

FedNat Holding Co engages in providing the insurance services. It offers underwriting services to homeowners, personal automobile, commercial general liability, federal flood, and other lines of insurance. The company was founded by Edward J. Lawson and Michele V. Lawson in 1991 and is headquartered in Sunrise, FL.

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