Woodmont Investment Counsel LLC Decreases Stake in Conifer Holdings, Inc. (CNFR)
Woodmont Investment Counsel LLC trimmed its stake in shares of Conifer Holdings, Inc. (NASDAQ:CNFR) by 46.3% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 37,456 shares of the insurance provider’s stock after selling 32,263 shares during the period. Woodmont Investment Counsel LLC owned approximately 0.44% of Conifer worth $227,000 as of its most recent filing with the Securities & Exchange Commission.
Separately, Northpointe Capital LLC raised its holdings in shares of Conifer by 22.7% during the second quarter. Northpointe Capital LLC now owns 316,190 shares of the insurance provider’s stock valued at $2,182,000 after purchasing an additional 58,484 shares during the last quarter. Institutional investors and hedge funds own 25.59% of the company’s stock.
Shares of Conifer Holdings, Inc. (NASDAQ CNFR) opened at $5.55 on Wednesday. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.54 and a quick ratio of 0.54. Conifer Holdings, Inc. has a 12-month low of $5.55 and a 12-month high of $8.20.
Several research firms have recently weighed in on CNFR. Boenning Scattergood reissued a “hold” rating on shares of Conifer in a report on Thursday, November 9th. Zacks Investment Research cut shares of Conifer from a “hold” rating to a “strong sell” rating in a report on Wednesday, August 16th.
In other Conifer news, Chairman James G. Petcoff bought 216,000 shares of the business’s stock in a transaction that occurred on Friday, September 29th. The stock was bought at an average cost of $6.25 per share, for a total transaction of $1,350,000.00. Following the completion of the transaction, the chairman now owns 258,057 shares of the company’s stock, valued at approximately $1,612,856.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, President Brian J. Roney bought 16,000 shares of the business’s stock in a transaction that occurred on Thursday, September 28th. The shares were acquired at an average price of $6.25 per share, with a total value of $100,000.00. Following the completion of the transaction, the president now directly owns 301,920 shares of the company’s stock, valued at approximately $1,887,000. The disclosure for this purchase can be found here. Insiders have purchased 260,000 shares of company stock valued at $1,625,000 over the last 90 days. 45.50% of the stock is currently owned by company insiders.
Conifer 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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