Conifer (NASDAQ:CNFR) Stock Price Crosses Above 50-Day Moving Average – Here’s What Happened

Conifer Holdings, Inc. (NASDAQ:CNFR) shares crossed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $0.66 and traded as high as $0.85. Conifer shares last traded at $0.82, with a volume of 21,176 shares traded.

Conifer Price Performance

The stock’s 50 day moving average is $0.66 and its two-hundred day moving average is $0.94. The stock has a market capitalization of $10.03 million, a PE ratio of 0.34 and a beta of 0.57. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.66 and a current ratio of 0.66.

Conifer (NASDAQ:CNFR) last posted its quarterly earnings results 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 at Conifer

In other news, Director Joseph D. Sarafa purchased 100,000 shares of the company’s stock in a transaction dated Monday, April 7th. The stock was acquired at an average price of $0.53 per share, with a total value of $53,000.00. Following the purchase, the director now directly owns 350,000 shares in the company, valued at approximately $185,500. This represents a 40.00% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Insiders purchased a total of 138,000 shares of company stock worth $75,320 in the last three months. 70.40% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Conifer

An institutional investor recently bought a new position in Conifer stock. Nemes Rush Group LLC purchased a new stake in shares of Conifer Holdings, Inc. (NASDAQ:CNFR) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 41,115 shares of the insurance provider’s stock, valued at approximately $48,000. Nemes Rush Group LLC owned about 0.34% of Conifer at the end of the most recent reporting period. Institutional investors own 34.88% of the company’s stock.

Conifer Company Profile

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.