Conifer Holdings Inc (CNFR) EVP Acquires $100,000.00 in Stock

Conifer Holdings Inc (NASDAQ:CNFR) EVP Nicholas J. Petcoff acquired 16,000 shares of Conifer stock in a transaction dated Wednesday, October 10th. The shares were purchased at an average price of $6.25 per share, with a total value of $100,000.00. Following the acquisition, the executive vice president now owns 114,759 shares of the company’s stock, valued at $717,243.75. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Shares of Conifer Holdings Inc (NASDAQ:CNFR) opened at $6.00 on Friday. Conifer Holdings Inc has a 1-year low of $5.30 and a 1-year high of $8.20. The company has a current ratio of 0.54, a quick ratio of 0.54 and a debt-to-equity ratio of 0.55.

Conifer (NASDAQ:CNFR) last issued its quarterly earnings data on Wednesday, November 8th. The insurance provider reported ($2.48) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($2.40) by ($0.08). Conifer had a negative return on equity of 43.07% and a negative net margin of 27.29%. sell-side analysts anticipate that Conifer Holdings Inc will post -2.79 earnings per share for the current fiscal year.

A number of brokerages have recently issued reports on CNFR. Zacks Investment Research upgraded Conifer from a “sell” rating to a “hold” rating in a report on Tuesday, January 23rd. Boenning Scattergood restated a “hold” rating on shares of Conifer in a report on Thursday, November 9th.

An institutional investor recently raised its position in Conifer stock. Northpointe Capital LLC lifted its stake in Conifer Holdings Inc (NASDAQ:CNFR) by 69.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 534,955 shares of the insurance provider’s stock after buying an additional 218,765 shares during the period. Northpointe Capital LLC owned approximately 6.28% of Conifer worth $3,103,000 as of its most recent filing with the Securities and Exchange Commission. Hedge funds and other institutional investors own 28.16% of the company’s stock.

TRADEMARK VIOLATION NOTICE: This article was first published by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are reading this article on another website, it was stolen and reposted in violation of United States & international copyright legislation. The correct version of this article can be read at https://www.dispatchtribunal.com/2018/02/03/insider-buying-conifer-holdings-inc-cnfr-evp-acquires-16000-shares-of-stock.html.

Conifer Company Profile

Conifer Holdings, Inc is an insurance holding company. Through its insurance company subsidiaries, the Company offers insurance coverage in both specialty commercial and specialty personal product lines. It operates through two segments: commercial lines and personal lines. It is engaged in underwriting and marketing insurance coverage, and administering claims processing for such policies.

Insider Buying and Selling by Quarter for Conifer (NASDAQ:CNFR)

Receive News & Ratings for Conifer Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Conifer and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply