Insider Buying: Presurance (NASDAQ:PRHI) Director Purchases $74,250.00 in Stock

Presurance Holdings, Inc. (NASDAQ:PRHI) Director Joseph Sarafa acquired 11,000 shares of the firm’s stock in a transaction on Wednesday, September 30th. The shares were bought at an average cost of $6.75 per share, with a total value of $74,250.00. Following the completion of the transaction, the director directly owned 61,000 shares in the company, valued at $411,750. This trade represents a 22.00% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Presurance Trading Up 2.4%

NASDAQ:PRHI opened at $6.86 on Friday. The firm has a market cap of $25.73 million, a P/E ratio of -0.67 and a beta of 0.87. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 0.44. The stock’s 50 day simple moving average is $6.67 and its 200-day simple moving average is $5.51. Presurance Holdings, Inc. has a 12-month low of $3.36 and a 12-month high of $19.81.

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

Analyst Upgrades and Downgrades

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 investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Sell” and a consensus target price 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.