Insider Buying: Presurance (NASDAQ:PRHI) CEO Buys $50,625.00 in Stock

Presurance Holdings, Inc. (NASDAQ:PRHI) CEO Brian Roney bought 7,500 shares of the firm’s stock in a transaction that occurred on Wednesday, September 30th. The shares were purchased at an average cost of $6.75 per share, with a total value of $50,625.00. Following the purchase, the chief executive officer directly owned 80,390 shares of the company’s stock, valued at approximately $542,632.50. This represents a 10.29% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Presurance Price Performance

NASDAQ:PRHI opened at $6.86 on Friday. The business’s 50-day moving average price is $6.67 and its 200 day moving average price is $5.51. The firm has a market cap of $25.73 million, a P/E ratio of -0.67 and a beta of 0.87. Presurance Holdings, Inc. has a 52-week low of $3.36 and a 52-week high of $19.81. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 0.44.

Presurance (NASDAQ:PRHI) last issued its quarterly earnings results on Wednesday, August 12th. The company reported $0.35 earnings per share for the quarter. Presurance had a negative net margin of 49.56% and a negative return on equity of 89.12%. The company had revenue of $9.14 million during the quarter.

Analyst Ratings Changes

Separately, Weiss Ratings raised shares of Presurance from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Monday, September 14th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the company has a consensus rating of “Sell” and a consensus price target of $7.00.

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.