Conifer Holdings, Inc. (NASDAQ:CNFR) Director James Grant Smith Buys 16,000 Shares

Conifer Holdings, Inc. (NASDAQ:CNFR) Director James Grant Smith purchased 16,000 shares of Conifer stock in a transaction dated Wednesday, April 9th. The shares were purchased at an average cost of $0.68 per share, with a total value of $10,880.00. Following the acquisition, the director now owns 16,000 shares of the company’s stock, valued at approximately $10,880. This trade represents a ∞ increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Conifer Stock Up 6.7 %

CNFR stock opened at $0.68 on Friday. The company has a quick ratio of 0.66, a current ratio of 0.66 and a debt-to-equity ratio of 0.34. The firm’s 50-day simple moving average is $0.82 and its 200 day simple moving average is $1.01. The stock has a market cap of $8.35 million, a PE ratio of 0.28 and a beta of 0.69. Conifer Holdings, Inc. has a fifty-two week low of $0.42 and a fifty-two week high of $1.91.

Conifer (NASDAQ:CNFR) last released its quarterly earnings results on Friday, March 28th. The insurance provider reported ($2.11) earnings per share for the quarter. Conifer had a net margin of 34.76% and a negative return on equity of 335.82%. The business had revenue of $14.73 million for the quarter.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Conifer stock. Citadel Advisors LLC acquired a new position in Conifer Holdings, Inc. (NASDAQ:CNFR) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 22,412 shares of the insurance provider’s stock, valued at approximately $26,000. Citadel Advisors LLC owned 0.18% of Conifer as of its most recent SEC filing. 34.88% of the stock is owned by hedge funds and other institutional investors.

About Conifer

Conifer Holdings, Inc, an insurance holding company, engages in the sale of property and casualty insurance products. The company offers insurance coverage in specialty commercial and personal product lines. It also underwrites various specialty insurance products, including property, general liability, liquor liability, automobile, and homeowners and dwelling policies.