Short Interest in Conifer Holdings, Inc. (NASDAQ:CNFR) Expands By 20.9%

Conifer Holdings, Inc. (NASDAQ:CNFR) was the target of a significant increase in short interest in the month of May. As of May 15th, there was short interest totalling 26,000 shares, an increase of 20.9% from the April 30th total of 21,500 shares. Based on an average daily volume of 25,000 shares, the days-to-cover ratio is presently 1.0 days. Currently, 0.7% of the company’s stock are short sold.

Conifer Price Performance

NASDAQ CNFR opened at $0.77 on Thursday. 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 stock has a market capitalization of $9.41 million, a PE ratio of 0.32 and a beta of 0.57. The company has a 50 day moving average price of $0.69 and a two-hundred day moving average price of $0.90. Conifer has a 12-month low of $0.42 and a 12-month high of $1.91.

Conifer (NASDAQ:CNFR) last issued its quarterly earnings data on Wednesday, May 14th. The insurance provider reported ($0.30) earnings per share for the quarter. Conifer had a negative return on equity of 335.82% and a net margin of 34.76%.

Insider Buying and Selling

In other Conifer news, Director Joseph D. Sarafa bought 100,000 shares of Conifer stock in a transaction on Monday, April 7th. The stock was purchased at an average cost of $0.53 per share, for a total transaction of $53,000.00. Following the completion of the purchase, the director now directly owns 350,000 shares of the company’s stock, valued at $185,500. The trade was a 40.00% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Over the last three months, insiders purchased 138,000 shares of company stock worth $75,320. 50.90% of the stock is owned by company insiders.

Institutional Trading of Conifer

A hedge fund recently bought a new stake in Conifer stock. Nemes Rush Group LLC purchased a new stake in Conifer Holdings, Inc. (NASDAQ:CNFR) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 41,115 shares of the insurance provider’s stock, valued at approximately $48,000. Nemes Rush Group LLC owned 0.34% of Conifer at the end of the most recent reporting period. 34.88% of the stock is currently owned by 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.