Insider Selling: Presurance (NASDAQ:PRHI) Director Sells 2,478 Shares

Presurance Holdings, Inc. (NASDAQ:PRHI) Director Timothy Lamothe sold 2,478 shares of the firm’s stock in a transaction on Thursday, August 27th. The shares were sold at an average price of $6.51, for a total transaction of $16,131.78. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Presurance Price Performance

Shares of Presurance stock traded down $0.35 during trading hours on Monday, reaching $5.98. The stock had a trading volume of 650 shares, compared to its average volume of 12,595. The stock’s 50 day moving average is $5.46 and its 200 day moving average is $5.09. The firm has a market capitalization of $22.43 million, a PE ratio of -0.58 and a beta of 1.04. Presurance Holdings, Inc. has a twelve month low of $3.36 and a twelve month high of $19.81. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 0.44.

Presurance (NASDAQ:PRHI) last posted its 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 firm had revenue of $9.14 million for the quarter.

Analyst Ratings Changes

A number of research firms have recently commented on PRHI. UBS Group set a $7.00 price objective on Presurance in a research report on Thursday, May 28th. Weiss Ratings reissued a “sell (d-)” rating on shares of Presurance in a research note on Friday, July 24th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Sell” and an average price target 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.