FedNat (NASDAQ:FNHC) Receives New Coverage from Analysts at StockNews.com

StockNews.com assumed coverage on shares of FedNat (NASDAQ:FNHCGet Rating) in a report released on Monday morning. The firm issued a sell rating on the insurance provider’s stock.

FedNat Stock Performance

Shares of FNHC opened at $0.02 on Monday. The stock has a fifty day moving average price of $0.26 and a two-hundred day moving average price of $0.32. The company has a debt-to-equity ratio of 8.41, a quick ratio of 0.69 and a current ratio of 0.69. FedNat has a 52-week low of $0.00 and a 52-week high of $1.88. The company has a market cap of $297,840.00, a price-to-earnings ratio of 0.00 and a beta of 2.35.

Hedge Funds Weigh In On FedNat

A hedge fund recently raised its stake in FedNat stock. Renaissance Technologies LLC raised its holdings in FedNat Holding (NASDAQ:FNHCGet Rating) by 17.5% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 691,670 shares of the insurance provider’s stock after purchasing an additional 103,209 shares during the quarter. Renaissance Technologies LLC owned approximately 3.95% of FedNat worth $214,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 26.36% of the company’s stock.

About FedNat

(Get Rating)

FedNat Holding Company, together with its subsidiaries, engages in the insurance underwriting, distribution, and claims processing business in Florida, Louisiana, Texas, Georgia, South Carolina, Alabama, and Mississippi. The company is involved in the homeowners and casualty insurance; and personal automobile insurance businesses, as well as commercial general liability and federal flood businesses.

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