Security National Financial Corp (NASDAQ:SNFCA) was the target of a significant growth in short interest during the month of September. As of September 30th, there was short interest totalling 77,600 shares, a growth of 708.3% from the August 30th total of 9,600 shares. Approximately 1.0% of the shares of the company are short sold. Based on an average daily trading volume, of 9,000 shares, the short-interest ratio is presently 8.6 days.
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. BlackRock Inc. increased its stake in shares of Security National Financial by 6.0% in the second quarter. BlackRock Inc. now owns 79,242 shares of the credit services provider’s stock worth $398,000 after purchasing an additional 4,456 shares in the last quarter. Renaissance Technologies LLC increased its stake in shares of Security National Financial by 9.5% in the second quarter. Renaissance Technologies LLC now owns 159,426 shares of the credit services provider’s stock worth $800,000 after purchasing an additional 13,890 shares in the last quarter. Finally, Acadian Asset Management LLC increased its stake in shares of Security National Financial by 113.4% in the second quarter. Acadian Asset Management LLC now owns 11,268 shares of the credit services provider’s stock worth $57,000 after purchasing an additional 5,988 shares in the last quarter. Institutional investors and hedge funds own 14.41% of the company’s stock.
NASDAQ SNFCA traded up $0.09 during trading hours on Friday, reaching $5.02. 5,600 shares of the company were exchanged, compared to its average volume of 11,421. Security National Financial has a 1 year low of $4.60 and a 1 year high of $5.90. The business’s 50 day simple moving average is $4.91 and its 200-day simple moving average is $5.05. The stock has a market capitalization of $88.43 million, a P/E ratio of 12.76 and a beta of -0.03.
Security National Financial (NASDAQ:SNFCA) last posted its quarterly earnings data on Wednesday, August 14th. The credit services provider reported $0.20 earnings per share (EPS) for the quarter. Security National Financial had a net margin of 2.68% and a return on equity of 3.99%. The business had revenue of $68.45 million during the quarter.
Separately, ValuEngine upgraded shares of Security National Financial from a “sell” rating to a “hold” rating in a report on Saturday, October 5th.
Security National Financial Company Profile
Security National Financial Corporation engages in life insurance, cemetery and mortuary, and mortgage businesses. The company operates through three segments: Life Insurance, Cemetery and Mortuary, and Mortgages. The Life Insurance segment is involved in selling and servicing lines of life insurance, annuity products, and accident and health insurance.
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