Hallmark Financial Services, Inc. (NASDAQ:HALL) Short Interest Up 106.1% in August

Hallmark Financial Services, Inc. (NASDAQ:HALLGet Rating) was the recipient of a significant increase in short interest in the month of August. As of August 31st, there was short interest totalling 129,400 shares, an increase of 106.1% from the August 15th total of 62,800 shares. Currently, 1.0% of the company’s shares are sold short. Based on an average trading volume of 93,200 shares, the short-interest ratio is currently 1.4 days.

Hallmark Financial Services Price Performance

NASDAQ:HALL opened at $1.25 on Friday. Hallmark Financial Services has a 1 year low of $1.14 and a 1 year high of $4.72. The company has a current ratio of 0.62, a quick ratio of 0.62 and a debt-to-equity ratio of 1.09. The stock has a market cap of $22.73 million, a price-to-earnings ratio of -0.32 and a beta of 1.39. The stock has a 50-day moving average price of $1.90 and a two-hundred day moving average price of $2.73.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Assenagon Asset Management S.A. boosted its position in shares of Hallmark Financial Services by 21.2% during the second quarter. Assenagon Asset Management S.A. now owns 31,095 shares of the insurance provider’s stock worth $75,000 after buying an additional 5,445 shares during the period. Point72 Asset Management L.P. acquired a new position in shares of Hallmark Financial Services during the second quarter worth about $31,000. O Shaughnessy Asset Management LLC boosted its position in shares of Hallmark Financial Services by 67.8% during the second quarter. O Shaughnessy Asset Management LLC now owns 32,375 shares of the insurance provider’s stock worth $78,000 after buying an additional 13,079 shares during the period. Acadian Asset Management LLC acquired a new position in shares of Hallmark Financial Services during the first quarter worth about $48,000. Finally, Renaissance Technologies LLC boosted its position in shares of Hallmark Financial Services by 20.5% during the first quarter. Renaissance Technologies LLC now owns 123,613 shares of the insurance provider’s stock worth $449,000 after buying an additional 21,023 shares during the period. 17.22% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, StockNews.com initiated coverage on Hallmark Financial Services in a research note on Saturday, September 10th. They issued a “hold” rating for the company.

Hallmark Financial Services Company Profile

(Get Rating)

Hallmark Financial Services, Inc underwrites, markets, distributes, and services property/casualty insurance products to businesses and individuals in the United States. The company operates through Specialty Commercial, Standard Commercial, and Personal segments. The Specialty Commercial segment offers primary and excess commercial vehicle insurance products and services; primary and excess liability, excess public entity liability, and E&S package and garage liability insurance products and services; primary and excess commercial property insurance for catastrophe and non-catastrophe exposures; healthcare and financial lines professional liability insurance products and services primarily for businesses, medical professionals, medical facilities, and senior care facilities; and satellite launch property/casualty insurance products and services, as well as various specialty programs.

Further Reading

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