Security National Financial Co. (NASDAQ:SNFCA) Short Interest Down 28.6% in April

Security National Financial Co. (NASDAQ:SNFCAGet Rating) saw a large decrease in short interest during the month of April. As of April 30th, there was short interest totalling 16,700 shares, a decrease of 28.6% from the April 15th total of 23,400 shares. Currently, 0.2% of the shares of the stock are short sold. Based on an average trading volume of 17,000 shares, the days-to-cover ratio is currently 1.0 days.

Hedge funds have recently bought and sold shares of the business. Denali Advisors LLC purchased a new stake in Security National Financial during the fourth quarter valued at about $29,000. Morgan Stanley increased its holdings in shares of Security National Financial by 33.8% in the 2nd quarter. Morgan Stanley now owns 14,999 shares of the credit services provider’s stock valued at $131,000 after purchasing an additional 3,791 shares during the period. JPMorgan Chase & Co. increased its holdings in shares of Security National Financial by 5,683.8% in the 4th quarter. JPMorgan Chase & Co. now owns 6,420 shares of the credit services provider’s stock valued at $59,000 after purchasing an additional 6,309 shares during the period. UMA Financial Services Inc. acquired a new position in shares of Security National Financial in the 1st quarter valued at about $304,000. Finally, FNY Investment Advisers LLC acquired a new position in shares of Security National Financial in the 1st quarter valued at about $59,000. 41.67% of the stock is owned by institutional investors.

Separately, StockNews.com started coverage on shares of Security National Financial in a report on Friday. They issued a “buy” rating for the company.

SNFCA stock opened at $8.62 on Friday. Security National Financial has a one year low of $7.71 and a one year high of $10.46. The firm has a market capitalization of $177.23 million, a PE ratio of 4.49 and a beta of 0.77. The firm has a 50-day moving average of $9.81 and a two-hundred day moving average of $9.43.

Security National Financial Company Profile (Get Rating)

Security National Financial Corporation engages in the life insurance, cemetery and mortuary, and mortgage businesses. The company's Life Insurance segment is involved in selling and servicing lines of life insurance, annuity products, and accident and health insurance. It offers various life insurance products, including funeral plans and interest-sensitive life insurance, as well as other traditional life, accident, and health insurance products; annuity products comprising single and flexible premium deferred annuities, and immediate annuities; and diver's accident policies.

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