Separately, Zacks Investment Research raised shares of FedNat from a “sell” rating to a “hold” rating in a research report on Tuesday, January 11th.
Shares of FNHC stock opened at $0.54 on Wednesday. The firm has a market cap of $9.33 million, a P/E ratio of -0.09 and a beta of 0.90. FedNat has a 52 week low of $0.47 and a 52 week high of $5.33. The company has a current ratio of 0.69, a quick ratio of 0.69 and a debt-to-equity ratio of 1.67. The stock’s 50 day moving average is $1.17.
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Moors & Cabot Inc. bought a new position in FedNat during the 3rd quarter valued at $25,000. Assenagon Asset Management S.A. lifted its stake in FedNat by 63.9% during the 4th quarter. Assenagon Asset Management S.A. now owns 44,822 shares of the insurance provider’s stock valued at $63,000 after acquiring an additional 17,478 shares in the last quarter. Raymond James & Associates bought a new position in FedNat during the 4th quarter valued at $30,000. Veritable L.P. bought a new position in FedNat during the 3rd quarter valued at $74,000. Finally, Polaris Capital Management LLC lifted its stake in FedNat by 14.9% during the 4th quarter. Polaris Capital Management LLC now owns 459,500 shares of the insurance provider’s stock valued at $648,000 after acquiring an additional 59,500 shares in the last quarter. 41.22% of the stock is owned by institutional investors and hedge funds.
About FedNat (Get Rating)
FedNat Holding Company, together with its subsidiaries, engages in the insurance underwriting, distribution, and claims processing business in Florida, Louisiana, Texas, Georgia, South Carolina, Alabama, and Mississippi. The company is involved in the homeowners and casualty insurance; and personal automobile insurance businesses, as well as commercial general liability and federal flood businesses.
- Get a free copy of the StockNews.com research report on FedNat (FNHC)
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