Presurance (NASDAQ:PRHI) Stock: Insider James Grant Smith Acquires 7,250 Shares

by · The Markets Daily

Presurance Holdings, Inc. (NASDAQ:PRHI – Get Free Report) Director James Grant Smith bought 7,250 shares of the firm’s stock in a transaction dated Wednesday, September 30th. The stock was bought at an average cost of $6.75 per share, with a total value of $48,937.50. Following the transaction, the director directly owned 15,953 shares of the company’s stock, valued at approximately $107,682.75. This trade represents a 83.30% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link.

Presurance Stock Up 8.3%

Shares of PRHI stock traded up $0.53 during trading hours on Thursday, reaching $6.92. The company had a trading volume of 26,535 shares, compared to its average volume of 14,877. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.67 and a current ratio of 0.67. Presurance Holdings, Inc. has a twelve month low of $3.36 and a twelve month high of $19.81. The company has a market capitalization of $25.95 million, a P/E ratio of -0.68 and a beta of 0.98. The stock’s fifty day simple moving average is $6.61 and its 200 day simple moving average is $5.48.

Presurance (NASDAQ:PRHI – Get Free Report) last released its quarterly earnings results on Wednesday, August 12th. The company reported $0.35 EPS for the quarter. The firm had revenue of $9.14 million for the quarter. Presurance had a negative return on equity of 89.12% and a negative net margin of 49.56%.

Wall Street Analyst Weigh In

Separately, Weiss Ratings raised shares of 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.com, the stock presently has an average rating of “Sell” and an average target price of $7.00.

Read Our Latest Research Report on PRHI

About Presurance

(Get Free Report)

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.

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