Kestrel Investment Management Corp decreased its holdings in shares of Federated National Holding Co (NASDAQ:FNHC) by 2.7% in the 4th quarter, HoldingsChannel.com reports. The firm owned 168,225 shares of the insurance provider’s stock after selling 4,600 shares during the quarter. Kestrel Investment Management Corp’s holdings in Federated National were worth $2,787,000 as of its most recent filing with the Securities & Exchange Commission.
Other large investors have also made changes to their positions in the company. Prudential Financial Inc. boosted its stake in Federated National by 54.4% during the 3rd quarter. Prudential Financial Inc. now owns 39,610 shares of the insurance provider’s stock valued at $618,000 after purchasing an additional 13,950 shares during the period. Dimensional Fund Advisors LP boosted its stake in Federated National by 2.8% during the 3rd quarter. Dimensional Fund Advisors LP now owns 982,041 shares of the insurance provider’s stock valued at $15,330,000 after purchasing an additional 26,819 shares during the period. Capital Returns Management LLC boosted its stake in Federated National by 31.5% during the 3rd quarter. Capital Returns Management LLC now owns 805,673 shares of the insurance provider’s stock valued at $12,577,000 after purchasing an additional 192,885 shares during the period. Hillsdale Investment Management Inc. boosted its stake in Federated National by 21,821.4% during the 3rd quarter. Hillsdale Investment Management Inc. now owns 61,380 shares of the insurance provider’s stock valued at $958,000 after purchasing an additional 61,100 shares during the period. Finally, TIAA CREF Investment Management LLC boosted its stake in Federated National by 10.7% during the 2nd quarter. TIAA CREF Investment Management LLC now owns 87,163 shares of the insurance provider’s stock valued at $1,395,000 after purchasing an additional 8,448 shares during the period. Hedge funds and other institutional investors own 59.62% of the company’s stock.
Federated National Holding Co (NASDAQ FNHC) opened at $15.87 on Wednesday. The company has a debt-to-equity ratio of 0.02, a current ratio of 0.55 and a quick ratio of 0.55. Federated National Holding Co has a twelve month low of $9.78 and a twelve month high of $21.19.
Federated National declared that its board has approved a stock repurchase plan on Tuesday, December 19th that permits the company to repurchase $10.00 million in shares. This repurchase authorization permits the insurance provider to buy shares of its stock through open market purchases. Shares repurchase plans are often an indication that the company’s leadership believes its stock is undervalued.
FNHC has been the subject of several recent analyst reports. Keefe, Bruyette & Woods set a $22.00 target price on Federated National and gave the company a “buy” rating in a research note on Thursday, December 21st. Zacks Investment Research raised Federated National from a “strong sell” rating to a “hold” rating in a report on Tuesday, January 9th. Finally, ValuEngine raised Federated National from a “sell” rating to a “hold” rating in a report on Friday, December 29th.
WARNING: “Federated National Holding Co (FNHC) Position Trimmed by Kestrel Investment Management Corp” was posted by Ticker Report and is the property of of Ticker Report. If you are accessing this article on another site, it was stolen and republished in violation of US & international copyright legislation. The correct version of this article can be viewed at https://www.tickerreport.com/banking-finance/3228583/federated-national-holding-co-fnhc-position-trimmed-by-kestrel-investment-management-corp.html.
Federated National Company Profile
Federated National Holding Company (FNHC) is an insurance holding company that controls all steps in the insurance underwriting, distribution and claims processes through its subsidiaries and its contractual relationships with its independent agents and general agents. The Company is authorized to underwrite homeowners’ multi-peril (homeowners), commercial general liability, federal flood, personal auto and various other lines of insurance in Florida and various other states.
Want to see what other hedge funds are holding FNHC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Federated National Holding Co (NASDAQ:FNHC).
Receive News & Ratings for Federated National Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Federated National and related companies with MarketBeat.com's FREE daily email newsletter.