Foundry Partners LLC Has $3.08 Million Stake in Federated National Holding Co (FNHC)

Foundry Partners LLC cut its stake in shares of Federated National Holding Co (NASDAQ:FNHC) by 3.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 121,035 shares of the insurance provider’s stock after selling 3,915 shares during the period. Foundry Partners LLC owned 0.95% of Federated National worth $3,084,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Acadian Asset Management LLC bought a new stake in shares of Federated National during the second quarter valued at about $210,000. Baird Financial Group Inc. bought a new stake in shares of Federated National during the second quarter valued at about $225,000. Engineers Gate Manager LP bought a new stake in shares of Federated National during the second quarter valued at about $278,000. Shaker Investments LLC OH bought a new stake in shares of Federated National during the second quarter valued at about $300,000. Finally, State Board of Administration of Florida Retirement System bought a new stake in shares of Federated National during the second quarter valued at about $313,000. Hedge funds and other institutional investors own 59.99% of the company’s stock.

In related news, Director Richard W. Wilcox, Jr. sold 7,500 shares of the company’s stock in a transaction that occurred on Wednesday, August 15th. The shares were sold at an average price of $25.35, for a total value of $190,125.00. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 10.78% of the stock is currently owned by corporate insiders.

FNHC stock opened at $20.95 on Friday. The company has a current ratio of 0.51, a quick ratio of 0.51 and a debt-to-equity ratio of 0.21. The company has a market capitalization of $266.74 million, a P/E ratio of 15.07 and a beta of 1.18. Federated National Holding Co has a 1-year low of $12.84 and a 1-year high of $26.76.

Federated National (NASDAQ:FNHC) last posted its quarterly earnings data on Monday, August 6th. The insurance provider reported $0.69 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.50 by $0.19. The company had revenue of $95.53 million for the quarter, compared to analysts’ expectations of $89.55 million. Federated National had a net margin of 4.42% and a return on equity of 8.13%. As a group, sell-side analysts predict that Federated National Holding Co will post 1.41 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 3rd. Investors of record on Thursday, November 1st will be given a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 1.53%. The ex-dividend date of this dividend is Wednesday, October 31st. Federated National’s dividend payout ratio (DPR) is 53.33%.

Several brokerages have recently weighed in on FNHC. BidaskClub cut Federated National from a “hold” rating to a “sell” rating in a research report on Thursday. ValuEngine cut shares of Federated National from a “buy” rating to a “hold” rating in a research report on Friday, October 12th. Zacks Investment Research cut shares of Federated National from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 16th. Finally, Keefe, Bruyette & Woods restated a “buy” rating and issued a $27.00 price objective on shares of Federated National in a research report on Wednesday, August 8th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, one has assigned a buy rating and two have assigned a strong buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $27.00.

Federated National Company Profile

FedNat Holding Company, through its subsidiaries, engages in insurance underwriting, distribution, and claims processing business in the United States. The company underwrites homeowner's multi-peril, personal automobile, commercial general liability, federal flood, and other lines of insurance.

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Institutional Ownership by Quarter for Federated National (NASDAQ:FNHC)

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