Federated National Holding Co (NASDAQ:FNHC) saw a significant increase in short interest during the month of June. As of June 30th, there was short interest totalling 114,600 shares, an increase of 29.6% from the May 30th total of 88,400 shares. Based on an average daily trading volume, of 42,200 shares, the days-to-cover ratio is presently 2.7 days. Approximately 1.0% of the company’s stock are short sold.

Several hedge funds have recently made changes to their positions in FNHC. BNP Paribas Arbitrage SA grew its holdings in Federated National by 1,606.4% in the first quarter. BNP Paribas Arbitrage SA now owns 2,406 shares of the insurance provider’s stock valued at $39,000 after purchasing an additional 2,265 shares during the period. Metropolitan Life Insurance Co. NY lifted its position in shares of Federated National by 353.6% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 4,237 shares of the insurance provider’s stock valued at $84,000 after acquiring an additional 3,303 shares in the last quarter. Bank of America Corp DE lifted its position in shares of Federated National by 44.5% in the fourth quarter. Bank of America Corp DE now owns 8,727 shares of the insurance provider’s stock valued at $174,000 after acquiring an additional 2,687 shares in the last quarter. D. E. Shaw & Co. Inc. lifted its position in shares of Federated National by 6.6% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 10,087 shares of the insurance provider’s stock valued at $201,000 after acquiring an additional 628 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its position in shares of Federated National by 18.2% in the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 14,125 shares of the insurance provider’s stock valued at $227,000 after acquiring an additional 2,175 shares in the last quarter. 64.30% of the stock is currently owned by institutional investors and hedge funds.

A number of research firms have commented on FNHC. ValuEngine upgraded VESTAS WIND SYS/ADR from a “hold” rating to a “buy” rating in a research note on Thursday, May 9th. Zacks Investment Research cut GenMark Diagnostics from a “hold” rating to a “sell” rating in a research note on Wednesday, April 24th. Three analysts have rated the stock with a sell rating, one has assigned a hold rating and one has given a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $24.50.

Shares of FNHC stock traded down $0.24 during mid-day trading on Friday, reaching $13.09. The stock had a trading volume of 67,300 shares, compared to its average volume of 43,655. The business has a fifty day moving average of $14.03. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.45. The company has a market cap of $163.02 million, a price-to-earnings ratio of 9.39 and a beta of 0.83. Federated National has a 1-year low of $12.67 and a 1-year high of $26.76.

Federated National (NASDAQ:FNHC) last announced its quarterly earnings data on Tuesday, May 7th. The insurance provider reported ($0.19) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.20) by $0.01. The business had revenue of $96.51 million for the quarter, compared to analyst estimates of $96.53 million. Federated National had a return on equity of 4.07% and a net margin of 0.89%. Analysts forecast that Federated National will post 1.5 earnings per share for the current year.

About Federated National

FedNat Holding Company, through its subsidiaries, engages in the insurance underwriting, distribution, and claims processing business in the United States. The company is involved in the homeowners, and fire property and casualty insurance; and personal automobile insurance businesses, as well as commercial general liability and federal flood businesses.

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