Security National Financial Corporation (NASDAQ:SNFCA) Short Interest Down 22.1% in January

Security National Financial Corporation (NASDAQ:SNFCA) saw a significant decline in short interest in the month of January. As of January 15th, there was short interest totaling 314,205 shares, a decline of 22.1% from the December 31st total of 403,310 shares. Based on an average daily trading volume, of 24,742 shares, the days-to-cover ratio is currently 12.7 days. Currently, 1.4% of the company’s shares are short sold. Currently, 1.4% of the company’s shares are short sold. Based on an average daily trading volume, of 24,742 shares, the days-to-cover ratio is currently 12.7 days.

Security National Financial Price Performance

Shares of NASDAQ:SNFCA remained flat at $8.82 during midday trading on Friday. The company had a trading volume of 32,351 shares, compared to its average volume of 24,258. The company has a market cap of $229.23 million, a P/E ratio of 12.06 and a beta of 0.76. The stock’s 50-day moving average is $8.87 and its two-hundred day moving average is $8.63. Security National Financial has a twelve month low of $7.32 and a twelve month high of $12.83.

Security National Financial (NASDAQ:SNFCA) last issued its quarterly earnings results on Thursday, November 13th. The credit services provider reported $0.31 EPS for the quarter. The company had revenue of $89.33 million for the quarter. Security National Financial had a return on equity of 5.30% and a net margin of 5.46%.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “hold (c)” rating on shares of Security National Financial in a research report on Monday, December 29th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat.com, Security National Financial presently has a consensus rating of “Hold”.

Hedge Funds Weigh In On Security National Financial

Several hedge funds and other institutional investors have recently modified their holdings of the business. BNP Paribas Financial Markets boosted its holdings in shares of Security National Financial by 306.8% during the second quarter. BNP Paribas Financial Markets now owns 2,831 shares of the credit services provider’s stock worth $28,000 after acquiring an additional 2,135 shares during the period. Police & Firemen s Retirement System of New Jersey bought a new position in shares of Security National Financial in the 2nd quarter worth approximately $30,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC purchased a new stake in Security National Financial during the third quarter valued at approximately $32,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in shares of Security National Financial during the second quarter valued at about $79,000. Finally, New York State Common Retirement Fund acquired a new position in Security National Financial in the 2nd quarter worth about $104,000. 45.58% of the stock is owned by hedge funds and other institutional investors.

About Security National Financial

Security National Financial Corp. is a diversified provider of mortgage lending, settlement and technology services under the NASDAQ ticker SNFCA. Through its primary subsidiaries—Security National Mortgage Company and Titan Lenders Corp—the company originates and funds residential mortgage loans across retail, wholesale and correspondent channels. Its platform supports a full range of loan products, including conventional, government-insured and jumbo financing tailored to homebuyers and investors.

Established in 1989, Security National Mortgage Company operates a nationwide branch network in all 50 states, offering local origination backed by centralized underwriting and closing services.