Patriot National Inc. (NYSE:PN)’s share price was down 2.4% during trading on Thursday . The stock traded as low as $7.26 and last traded at $7.32, with a volume of 67,040 shares changing hands. The stock had previously closed at $7.50.

Several equities analysts have recently commented on PN shares. Zacks Investment Research upgraded shares of Patriot National from a “strong sell” rating to a “hold” rating in a research report on Thursday, April 28th. Compass Point cut shares of Patriot National from a “buy” rating to a “neutral” rating and dropped their target price for the company from $13.00 to $10.00 in a research report on Friday, May 13th. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Patriot National has an average rating of “Hold” and an average price target of $10.00.

The stock has a 50-day moving average price of $7.78 and a 200-day moving average price of $7.15. The company has a market capitalization of $202.04 million and a price-to-earnings ratio of 71.71.

Patriot National (NYSE:PN) last posted its quarterly earnings data 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 company had revenue of $64.60 million for the quarter, compared to analyst estimates of $62.35 million. On average, equities analysts anticipate 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 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. 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 3.16% of Patriot National worth $5,732,000 at the end of the most recent reporting period.

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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