Presurance (NASDAQ:PRHI) Director James Grant Smith Acquires 7,250 Shares of Company Stock

Presurance Holdings, Inc. (NASDAQ:PRHI) Director James Grant Smith bought 7,250 shares of Presurance stock in a transaction dated Wednesday, September 30th. The shares were acquired at an average price of $6.75 per share, with a total value of $48,937.50. Following the completion of the purchase, the director owned 15,953 shares in the company, valued at approximately $107,682.75. The trade was a 83.30% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Presurance Stock Up 8.3%

Shares of PRHI stock traded up $0.53 during mid-day trading on Thursday, reaching $6.92. 26,535 shares of the company were exchanged, compared to its average volume of 14,877. Presurance Holdings, Inc. has a fifty-two week low of $3.36 and a fifty-two week high of $19.81. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.67 and a current ratio of 0.67. The company has a market capitalization of $25.95 million, a P/E ratio of -0.68 and a beta of 0.98. The business’s 50 day simple moving average is $6.61 and its 200 day simple moving average is $5.48.

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

Wall Street Analysts Forecast Growth

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

About Presurance

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.