Patriot National Inc. (NYSE:PN) shares traded down 3.6% on Friday . The company traded as low as $7.43 and last traded at $7.43, with a volume of 90,174 shares trading hands. The stock had previously closed at $7.71.

A number of research analysts recently weighed in on the stock. Compass Point cut shares of Patriot National from a “buy” rating to a “neutral” rating and lowered their target price for the company from $13.00 to $10.00 in a research note on Friday, May 13th. Zacks Investment Research upgraded shares of Patriot National from a “sell” rating to a “hold” rating in a report on Thursday. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $12.25.

The stock’s 50 day moving average price is $7.81 and its 200 day moving average price is $7.12. The company has a market cap of $198.28 million and a P/E ratio of 70.38.

Patriot National (NYSE:PN) last released its quarterly earnings data on Thursday, May 12th. The company reported $0.21 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.23 by $0.02. The firm had revenue of $64.60 million for the quarter, compared to analysts’ expectations of $62.35 million. Analysts predict that Patriot National Inc. will post $0.97 earnings per share for the current year.

A hedge fund recently raised its stake in Patriot National stock. Brown Advisory Inc. raised its position in Patriot National Inc. (NYSE:PN) by 2.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 854,146 shares of the company’s stock after buying an additional 23,147 shares during the period. Brown Advisory Inc. owned approximately 3.16% of Patriot National worth $5,732,000 as of its most recent SEC filing.

Patriot National, Inc is an independent national provider of technology-enabled outsourcing solutions that help insurance carriers, employers and other clients mitigate risk and comply with complex regulations. It offers a range of end-to-end insurance related and specialty services. The Company principally offers approximately two types of services: front-end services, such as brokerage, underwriting and policyholder services, and back-end services, such as claims adjudication and administration.

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