FedNat (NASDAQ:FNHC) Now Covered by Analysts at StockNews.com

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

Shares of FNHC stock opened at $0.36 on Friday. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 2.00. FedNat has a twelve month low of $0.30 and a twelve month high of $5.33. The stock has a 50 day moving average of $1.00 and a 200 day moving average of $1.38. The stock has a market cap of $6.33 million, a P/E ratio of -0.06 and a beta of 1.27.

FedNat (NASDAQ:FNHCGet Rating) last issued its quarterly earnings data on Monday, May 9th. The insurance provider reported ($1.65) EPS for the quarter, missing the consensus estimate of ($1.35) by ($0.30). FedNat had a negative net margin of 41.99% and a negative return on equity of 109.82%. During the same period last year, the business earned ($1.35) earnings per share.

A number of institutional investors and hedge funds have recently modified their holdings of FNHC. Assenagon Asset Management S.A. boosted its stake in shares of FedNat by 50.1% in the first quarter. Assenagon Asset Management S.A. now owns 67,264 shares of the insurance provider’s stock worth $91,000 after acquiring an additional 22,442 shares during the last quarter. Susquehanna International Group LLP boosted its stake in shares of FedNat by 246.7% in the fourth quarter. Susquehanna International Group LLP now owns 45,461 shares of the insurance provider’s stock worth $64,000 after acquiring an additional 76,443 shares during the last quarter. Raymond James & Associates acquired a new stake in shares of FedNat in the fourth quarter worth approximately $30,000. Polaris Capital Management LLC boosted its stake in shares of FedNat by 14.9% in the fourth 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 last quarter. Finally, Moors & Cabot Inc. acquired a new stake in shares of FedNat in the third quarter worth approximately $25,000. 37.73% of the stock is currently owned by institutional investors.

FedNat Company Profile (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.

Featured Stories

Receive News & Ratings for FedNat Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for FedNat and related companies with MarketBeat.com's FREE daily email newsletter.