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

A number of equities research analysts recently issued reports on PN shares. Compass Point lowered Patriot National from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $13.00 to $10.00 in a research note on Friday, May 13th. Zacks Investment Research lowered Patriot National from a “hold” rating to a “sell” rating in a research report on Thursday, May 19th. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $12.25.

The firm’s 50 day moving average price is $7.81 and its 200 day moving average price is $7.12. The stock has a market capitalization of $198.28 million and a price-to-earnings ratio of 70.38.

Patriot National (NYSE:PN) last posted its quarterly earnings results on Thursday, May 12th. The company reported $0.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.23 by $0.02. The firm earned $64.60 million during the quarter, compared to analyst estimates of $62.35 million. On average, equities research 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. increased its position in shares of Patriot National Inc. (NYSE:PN) by 2.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund 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.