Insider Selling: Presurance (NASDAQ:PRHI) Director Sells $16,131.78 in Stock

Presurance Holdings, Inc. (NASDAQ:PRHI) Director Timothy Lamothe sold 2,478 shares of the company’s stock in a transaction on Thursday, August 27th. The shares were sold at an average price of $6.51, for a total value of $16,131.78. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Presurance Stock Performance

PRHI traded down $0.35 on Monday, reaching $5.98. 650 shares of the stock were exchanged, compared to its average volume of 12,595. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.67 and a quick ratio of 0.67. The company’s 50-day moving average price is $5.46 and its 200 day moving average price is $5.09. The firm has a market capitalization of $22.43 million, a PE ratio of -0.58 and a beta of 1.04. Presurance Holdings, Inc. has a fifty-two week low of $3.36 and a fifty-two week high of $19.81.

Presurance (NASDAQ:PRHI) last announced its quarterly earnings data on Wednesday, August 12th. The company reported $0.35 earnings per share (EPS) for the quarter. Presurance had a negative return on equity of 89.12% and a negative net margin of 49.56%.The firm had revenue of $9.14 million during the quarter.

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Presurance in a report on Friday, July 24th. UBS Group set a $7.00 price target on shares of Presurance in a report on Thursday, May 28th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, Presurance currently has an average rating of “Sell” and a consensus target price of $7.00.

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.