Presurance (NASDAQ:PRHI) Releases Earnings Results

Presurance (NASDAQ:PRHI) announced its quarterly earnings results on Wednesday. The company reported ($0.16) earnings per share for the quarter, FiscalAI reports. The firm had revenue of $11.55 million during the quarter. Presurance had a negative net margin of 42.58% and a negative return on equity of 107.54%.

Presurance Price Performance

NASDAQ PRHI traded down $0.00 during trading hours on Wednesday, reaching $0.63. 44,177 shares of the company’s stock were exchanged, compared to its average volume of 16,131. The business’s 50-day moving average price is $0.68. Presurance has a one year low of $0.48 and a one year high of $2.83. The company has a debt-to-equity ratio of 1.36, a quick ratio of 0.68 and a current ratio of 0.68.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Presurance in a research report on Wednesday, April 29th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock has a consensus rating of “Sell”.

Insider Transactions at Presurance

In other Presurance news, CEO Brian J. Roney bought 100,000 shares of the stock in a transaction that occurred on Wednesday, April 1st. The stock was acquired at an average cost of $0.72 per share, with a total value of $72,000.00. Following the purchase, the chief executive officer owned 510,232 shares in the company, valued at $367,367.04. This trade represents a 24.38% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Over the last three months, insiders purchased 124,772 shares of company stock worth $90,397. 73.30% of the stock is currently owned by corporate insiders.

Presurance Company Profile

Conifer Holdings, Inc, an insurance holding company, engages in the sale of property and casualty insurance products. It offers insurance coverage in specialty commercial and personal product lines. The company underwrites various specialty insurance products, including property, general liability, liquor liability, automobile, and homeowners and dwelling policies. It serves the commercial insurance needs of owner-operated businesses in the markets, such as hospitality, which includes restaurants, bars, taverns, and bowling centers, as well as small grocery and convenience stores; artisan contractors comprising plumbers, painters, carpenters, electricians, and other independent contractors; and security service providers, including companies that provide security guard services, security alarm products and services, and private investigative services.