Patriot National Inc. (NYSE:PN) shares dropped 2.4% on Thursday . The stock traded as low as $7.26 and last traded at $7.32, with a volume of 67,040 shares traded. The stock had previously closed at $7.50.

PN has been the topic of several analyst reports. Zacks Investment Research cut shares of Patriot National from a “hold” rating to a “sell” rating in a report on Thursday, May 19th. Compass Point cut shares of Patriot National from a “buy” rating to a “neutral” rating and cut their price target for the stock from $13.00 to $10.00 in a report on Friday, May 13th. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $10.00.

The company has a market cap of $197.74 million and a price-to-earnings ratio of 70.19. The company has a 50 day moving average of $7.79 and a 200 day moving average of $7.14.

Patriot National (NYSE:PN) last issued its quarterly earnings data on Thursday, May 12th. The company reported $0.21 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.23 by $0.02. The business had revenue of $64.60 million for the quarter, compared to analyst estimates of $62.35 million. On average, equities research analysts forecast that Patriot National Inc. will post $0.97 EPS for the current year.

A hedge fund recently raised its stake in Patriot National stock. Brown Advisory Inc. raised its stake in Patriot National Inc. (NYSE:PN) by 2.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 854,146 shares of the company’s stock after buying an additional 23,147 shares during the period. Brown Advisory Inc. owned 3.16% of Patriot National worth $5,732,000 at the end of the most recent quarter.

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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