Militia Capital Management LLC Buys Shares of 200,658 American Coastal Insurance Corporation $ACIC

Militia Capital Management LLC bought a new position in American Coastal Insurance Corporation (NASDAQ:ACIC) in the first quarter, Holdings Channel.com reports. The institutional investor bought 200,658 shares of the company’s stock, valued at approximately $2,257,000.

A number of other large investors have also added to or reduced their stakes in the company. Empowered Funds LLC boosted its holdings in shares of American Coastal Insurance by 216.9% in the 4th quarter. Empowered Funds LLC now owns 269,899 shares of the company’s stock valued at $3,206,000 after buying an additional 184,720 shares in the last quarter. Raymond James Financial Inc. raised its stake in shares of American Coastal Insurance by 353.2% during the 2nd quarter. Raymond James Financial Inc. now owns 229,123 shares of the company’s stock worth $2,548,000 after acquiring an additional 178,562 shares in the last quarter. Punch & Associates Investment Management Inc. raised its stake in shares of American Coastal Insurance by 21.4% during the 3rd quarter. Punch & Associates Investment Management Inc. now owns 723,900 shares of the company’s stock worth $8,245,000 after acquiring an additional 127,571 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in American Coastal Insurance by 19.6% during the first quarter. Dimensional Fund Advisors LP now owns 750,108 shares of the company’s stock valued at $8,439,000 after acquiring an additional 122,778 shares during the last quarter. Finally, Qube Research & Technologies Ltd purchased a new stake in American Coastal Insurance during the second quarter valued at approximately $1,268,000. 22.11% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have issued reports on ACIC. Weiss Ratings raised shares of American Coastal Insurance from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, April 29th. Wall Street Zen lowered American Coastal Insurance from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Finally, Zacks Research lowered American Coastal Insurance from a “hold” rating to a “strong sell” rating in a report on Thursday, May 21st. One investment analyst has rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold”.

American Coastal Insurance Stock Performance

Shares of ACIC stock opened at $9.94 on Thursday. American Coastal Insurance Corporation has a fifty-two week low of $9.80 and a fifty-two week high of $13.06. The firm has a market capitalization of $481.69 million, a price-to-earnings ratio of 4.73, a PEG ratio of 3.54 and a beta of -0.51. The stock’s 50-day simple moving average is $10.72 and its 200-day simple moving average is $11.09.

American Coastal Insurance (NASDAQ:ACIC) last announced its quarterly earnings data on Tuesday, May 5th. The company reported $0.39 EPS for the quarter, missing the consensus estimate of $0.44 by ($0.05). The company had revenue of $71.22 million during the quarter, compared to analysts’ expectations of $75.78 million. American Coastal Insurance had a net margin of 31.32% and a return on equity of 32.26%. As a group, equities analysts forecast that American Coastal Insurance Corporation will post 0.96 earnings per share for the current year.

American Coastal Insurance Company Profile

American Coastal Insurance Company (NASDAQ:ACIC) is a specialized property and casualty insurer focused on coastal residential and commercial lines across the Southeastern United States. Headquartered in St. Petersburg, Florida, the company underwrites policies designed to address windstorm and non-windstorm perils in areas exposed to hurricane risk. Since its founding in 2007, American Coastal has positioned itself to meet the insurance needs of homeowners, condominium associations, and small business owners operating near coastal zones.

Through a diversified portfolio of personal lines products, American Coastal offers homeowners insurance, dwelling fire, mobile home, condominium unitowners and renters policies.