Federated National Holding Co. (NASDAQ:FNHC) shares saw unusually-high trading volume on Friday . Approximately 210,373 shares were traded during mid-day trading, an increase of 129% from the previous session’s volume of 91,869 shares.The stock last traded at $18.51 and had previously closed at $18.02.

Separately, Zacks Investment Research lowered Federated National Holding from a “hold” rating to a “sell” rating in a report on Tuesday, April 12th.

The firm’s 50 day moving average price is $20.22 and its 200-day moving average price is $21.18. The company has a market capitalization of $255.40 million and a PE ratio of 8.53.

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 1st. Stockholders of record on Monday, August 1st will be issued a $0.06 dividend. The ex-dividend date of this dividend is Thursday, July 28th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.30%.

A number of hedge funds have modified their holdings of FNHC. California Public Employees Retirement System raised its stake in shares of Federated National Holding by 29.6% in the fourth quarter. California Public Employees Retirement System now owns 77,900 shares of the company’s stock worth $2,303,000 after buying an additional 17,800 shares during the period. Wells Fargo & Company MN raised 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 worth $9,683,000 after buying an additional 71,143 shares during the period. Finally, Schroder Investment Management Group acquired a new stake in shares of Federated National Holding during the fourth quarter worth approximately $2,868,000.

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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