Conifer’s (CNFR) Hold Rating Reiterated at Boenning Scattergood
Separately, Zacks Investment Research cut shares of Conifer from a hold rating to a sell rating in a report on Tuesday, January 9th.
Shares of Conifer (NASDAQ CNFR) opened at $5.75 on Thursday. Conifer has a fifty-two week low of $5.00 and a fifty-two week high of $8.20. The company has a current ratio of 0.54, a quick ratio of 0.54 and a debt-to-equity ratio of 0.55.
In related news, Director Mark Mccammon sold 53,699 shares of the firm’s stock in a transaction that occurred on Wednesday, December 6th. The shares were sold at an average price of $6.07, for a total value of $325,952.93. Following the sale, the director now owns 9,000 shares in the company, valued at $54,630. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders sold 153,000 shares of company stock worth $900,349 in the last 90 days. 45.50% of the stock is currently owned by corporate insiders.
A hedge fund recently raised its stake in Conifer stock. Northpointe Capital LLC raised its holdings in shares of Conifer Holdings Inc (NASDAQ:CNFR) by 69.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 534,955 shares of the insurance provider’s stock after acquiring an additional 218,765 shares during the quarter. Northpointe Capital LLC owned approximately 6.28% of Conifer worth $3,103,000 as of its most recent filing with the Securities and Exchange Commission (SEC). 27.30% of the stock is currently owned by institutional investors.
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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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