Presurance (NASDAQ:PRHI) Announces Quarterly Earnings Results

Presurance (NASDAQ:PRHI) released its quarterly earnings data on Thursday. The company reported ($0.42) earnings per share (EPS) for the quarter, FiscalAI reports. Presurance had a negative return on equity of 89.12% and a negative net margin of 49.56%. The business had revenue of $9.58 million for the quarter.

Presurance Stock Down 9.7%

Shares of NASDAQ PRHI traded down $0.56 during trading on Friday, reaching $5.19. 2,361 shares of the stock were exchanged, compared to its average volume of 16,549. The company has a market capitalization of $19.46 million, a price-to-earnings ratio of -0.51 and a beta of 0.91. The business’s 50-day moving average price is $7.50 and its 200 day moving average price is $5.69. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 0.44. Presurance has a twelve month low of $3.36 and a twelve month high of $9.63.

Insider Buying and Selling at Presurance

In other news, Director Isolde O’hanlon purchased 7,250 shares of the company’s stock in a transaction that occurred on Wednesday, September 30th. The shares were purchased at an average price of $6.75 per share, with a total value of $48,937.50. Following the purchase, the director directly owned 7,964 shares of the company’s stock, valued at approximately $53,757. This represents a 1,015.41% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Joseph D. Sarafa purchased 11,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 30th. The stock was acquired at an average price of $6.75 per share, for a total transaction of $74,250.00. Following the purchase, the director owned 61,000 shares of the company’s stock, valued at approximately $411,750. This represents a 22.00% increase in their position. The SEC filing for this purchase provides additional information. In the last 90 days, insiders acquired 37,100 shares of company stock worth $248,908. 73.30% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings raised Presurance from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Monday, September 14th. One research analyst has rated the stock with a Sell rating. Based on data from MarketBeat, Presurance presently has an average rating of “Sell” and a consensus price target of $7.00.

About Presurance

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.