Woodmont Investment Counsel LLC Sells 14,148 Shares of Conifer Holdings, Inc. (CNFR)
Woodmont Investment Counsel LLC lowered its position in shares of Conifer Holdings, Inc. (NASDAQ:CNFR) by 16.9% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 69,719 shares of the insurance provider’s stock after selling 14,148 shares during the period. Woodmont Investment Counsel LLC owned 0.91% of Conifer Holdings worth $481,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Wells Fargo & Company MN increased its stake in shares of Conifer Holdings by 0.8% during the first quarter. Wells Fargo & Company MN now owns 149,245 shares of the insurance provider’s stock worth $1,067,000 after purchasing an additional 1,200 shares during the period. Northpointe Capital LLC grew its position in Conifer Holdings by 22.7% during the second quarter. Northpointe Capital LLC now owns 316,190 shares of the insurance provider’s stock worth $2,182,000 after buying an additional 58,484 shares in the last quarter. Finally, Aegis Financial Corp grew its position in Conifer Holdings by 49.8% during the first quarter. Aegis Financial Corp now owns 686,614 shares of the insurance provider’s stock worth $5,012,000 after buying an additional 228,175 shares in the last quarter. Institutional investors own 28.92% of the company’s stock.
Shares of Conifer Holdings, Inc. (NASDAQ:CNFR) traded down 0.81% during midday trading on Thursday, reaching $6.15. The company had a trading volume of 1,758 shares. The firm’s market capitalization is $46.94 million. The company has a 50 day moving average price of $6.68 and a 200-day moving average price of $6.68. Conifer Holdings, Inc. has a one year low of $6.15 and a one year high of $8.60.
Conifer Holdings (NASDAQ:CNFR) last issued its earnings results on Wednesday, August 9th. The insurance provider reported ($0.28) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.31). Conifer Holdings had a negative net margin of 8.65% and a negative return on equity of 14.14%. The business had revenue of $26.28 million for the quarter, compared to the consensus estimate of $24.98 million. On average, analysts anticipate that Conifer Holdings, Inc. will post ($0.59) EPS for the current fiscal year.
CNFR has been the topic of a number of analyst reports. Zacks Investment Research raised Conifer Holdings from a “strong sell” rating to a “hold” rating in a research report on Monday, July 17th. Boenning Scattergood initiated coverage on Conifer Holdings in a research report on Wednesday, August 16th. They set a “neutral” rating on the stock.
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Conifer Holdings Company Profile
Conifer Holdings, Inc is an insurance holding company. Through its insurance company subsidiaries, the Company offers insurance coverage in both specialty commercial and specialty personal product lines. It operates through two segments: commercial lines and personal lines. It is engaged in underwriting and marketing insurance coverage, and administering claims processing for such policies.
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