Conifer Holdings, Inc. (NASDAQ:CNFR) CFO Acquires 22,000 Shares

Conifer Holdings, Inc. (NASDAQ:CNFR) CFO Harold J. Meloche bought 22,000 shares of Conifer stock in a transaction that occurred on Monday, April 7th. The stock was bought at an average price of $0.52 per share, with a total value of $11,440.00. Following the completion of the acquisition, the chief financial officer now owns 72,588 shares in the company, valued at approximately $37,745.76. The trade was a 43.49 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Conifer Stock Performance

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

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

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Conifer stock. Nemes Rush Group LLC bought a new position in shares of Conifer Holdings, Inc. (NASDAQ:CNFR) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 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 quarter. 34.88% of the stock is currently owned by institutional investors and hedge funds.

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.