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

Stock analysts at StockNews.com began coverage on shares of FedNat (NASDAQ:FNHCGet Rating) in a research report issued on Sunday. The brokerage set a “sell” rating on the insurance provider’s stock.

FedNat Stock Performance

Shares of FNHC opened at $0.35 on Friday. The company has a current ratio of 0.69, a quick ratio of 0.69 and a debt-to-equity ratio of 8.41. The stock has a market capitalization of $6.13 million, a P/E ratio of -0.05 and a beta of 1.33. The firm’s fifty day simple moving average is $0.35 and its two-hundred day simple moving average is $0.59. FedNat has a 12 month low of $0.26 and a 12 month high of $2.89.

Institutional Trading of FedNat

Institutional investors have recently bought and sold shares of the company. Renaissance Technologies LLC boosted its position in shares of FedNat by 17.5% during the 2nd quarter. Renaissance Technologies LLC now owns 691,670 shares of the insurance provider’s stock worth $214,000 after purchasing an additional 103,209 shares in the last quarter. Assenagon Asset Management S.A. boosted its position in shares of FedNat by 50.1% during the 1st quarter. Assenagon Asset Management S.A. now owns 67,264 shares of the insurance provider’s stock worth $91,000 after purchasing an additional 22,442 shares in the last quarter. Finally, Raymond James & Associates bought a new position in shares of FedNat during the 4th quarter worth about $30,000. Institutional investors own 26.36% of the company’s stock.

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.

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