Federated National Holding Co. (NASDAQ:FNHC)’s share price gapped up prior to trading on Thursday . The stock had previously closed at $18.80, but opened at $18.87. Federated National Holding shares last traded at $19.28, with a volume of 43,181 shares traded.

Separately, Zacks Investment Research downgraded shares of Federated National Holding from a “hold” rating to a “sell” rating in a research note on Friday, March 18th.

The firm has a market capitalization of $267.39 million and a PE ratio of 6.58. The firm has a 50-day moving average of $20.79 and a 200-day moving average of $22.15.

Federated National Holding (NASDAQ:FNHC) last issued its quarterly earnings results on Tuesday, May 3rd. The company reported $0.69 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.58 by $0.11. Analysts expect that Federated National Holding Co. will post $2.80 EPS for the current fiscal year.

A number of hedge funds have recently made changes to their positions in the stock. Dimensional Fund Advisors LP increased its stake in shares of Federated National Holding by 2.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 748,189 shares of the company’s stock valued at $22,117,000 after buying an additional 17,547 shares during the period. Schroder Investment Management Group purchased a new stake in shares of Federated National Holding during the fourth quarter valued at approximately $2,868,000. Wells Fargo & Company MN increased its stake in shares of Federated National Holding by 27.7% in the fourth quarter. Wells Fargo & Company MN now owns 327,603 shares of the company’s stock valued at $9,683,000 after buying an additional 71,143 shares during the period. New Amsterdam Partners LLC NY purchased a new stake in shares of Federated National Holding during the fourth quarter valued at approximately $2,066,000. Finally, Opus Capital Group LLC purchased a new stake in shares of Federated National Holding during the fourth quarter valued at approximately $4,630,000.

Federated National Holding Company (FNHC) is an insurance holding company that controls all steps in the insurance underwriting, distribution and claims processes through its subsidiaries and its contractual relationships with its independent agents and general agents. The Company is authorized to underwrite homeowners’ multi-peril (homeowners), commercial general liability, federal flood, personal auto and various other lines of insurance in Florida and various other states.

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