Presurance Holdings, Inc. (NASDAQ:PRHI) Short Interest Down 56.2% in June

Presurance Holdings, Inc. (NASDAQ:PRHI) was the recipient of a significant decline in short interest in June. As of June 15th, there was short interest totaling 9,188 shares, a decline of 56.2% from the May 31st total of 20,994 shares. Based on an average trading volume of 40,883 shares, the short-interest ratio is currently 0.2 days. Currently, 0.9% of the company’s shares are sold short.

Insider Buying and Selling at Presurance

In other news, CEO Brian J. Roney purchased 14,285 shares of the stock in a transaction that occurred on Wednesday, April 1st. The stock was purchased at an average price of $5.04 per share, for a total transaction of $71,996.40. Following the completion of the acquisition, the chief executive officer owned 72,890 shares of the company’s stock, valued at approximately $367,365.60. This trade represents a 24.38% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders have purchased a total of 17,823 shares of company stock worth $90,389 over the last ninety days. Insiders own 73.30% of the company’s stock.

Analyst Ratings Changes

PRHI has been the subject of several research reports. Weiss Ratings reiterated a “sell (d-)” rating on shares of Presurance in a report on Wednesday, April 29th. UBS Group set a $7.00 price objective on shares of Presurance in a research note on Thursday, May 28th. One analyst has rated the stock with a Sell rating, According to MarketBeat, Presurance has a consensus rating of “Sell” and an average target price of $7.00.

Presurance Stock Down 7.4%

Presurance stock traded down $0.39 during mid-day trading on Tuesday, reaching $4.91. 7,987 shares of the company were exchanged, compared to its average volume of 13,815. The business has a fifty day moving average of $4.85 and a 200 day moving average of $5.01. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.73 and a current ratio of 0.73. The firm has a market cap of $18.39 million, a P/E ratio of -0.50 and a beta of 1.10. Presurance has a 12-month low of $3.36 and a 12-month high of $19.81.

Presurance (NASDAQ:PRHI) last announced its quarterly earnings results on Friday, March 27th. The company reported ($8.68) earnings per share (EPS) for the quarter. The company had revenue of $4.62 million during the quarter. Presurance had a negative net margin of 41.92% and a negative return on equity of 104.13%.

Presurance Company Profile

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.