Hallmark Financial Services Inc. (NASDAQ:HALL)’s share price was down 4.5% during mid-day trading on Thursday . The stock traded as low as $10.55 and last traded at $10.74, with a volume of 103,466 shares changing hands. The stock had previously closed at $11.25.

Separately, Zacks Investment Research lowered shares of Hallmark Financial Services from a “buy” rating to a “strong sell” rating in a report on Tuesday, May 17th.

The firm’s 50 day moving average is $11.13 and its 200-day moving average is $10.78. The company has a market capitalization of $200.43 million and a PE ratio of 10.00.

Hallmark Financial Services (NASDAQ:HALL) last issued its quarterly earnings results on Thursday, May 5th. The company reported $0.21 EPS for the quarter, missing the Zacks’ consensus estimate of $0.28 by $0.07. On average, analysts predict that Hallmark Financial Services Inc. will post $1.09 EPS for the current year.

In related news, CEO Naveen Anand purchased 10,300 shares of the firm’s stock in a transaction dated Thursday, June 2nd. The shares were purchased at an average price of $9.84 per share, with a total value of $101,352.00. Following the acquisition, the chief executive officer now directly owns 60,300 shares of the company’s stock, valued at $593,352. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink.

An institutional investor recently bought a new position in Hallmark Financial Services stock. Magnolia Group LLC purchased a new position in Hallmark Financial Services Inc. (NASDAQ:HALL) during the fourth quarter, according to its most recent filing with the SEC. The institutional investor purchased 196,348 shares of the company’s stock, valued at approximately $2,295,000. Hallmark Financial Services accounts for 2.1% of Magnolia Group LLC’s portfolio, making the stock its 12th largest position. Magnolia Group LLC owned about 1.03% of Hallmark Financial Services as of its most recent SEC filing.

Hallmark Financial Services, Inc is an insurance holding company. The Company markets, distributes, underwrites and services its property/casualty insurance products to businesses and individuals. Its business involves marketing, distributing, underwriting and servicing insurance products, as well as providing other insurance related services.

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