Conifer Holdings, Inc. (NASDAQ:CNFR) Short Interest Update

Conifer Holdings, Inc. (NASDAQ:CNFR) was the target of a significant increase in short interest in the month of April. As of April 15th, there was short interest totalling 8,200 shares, an increase of 8,100.0% from the March 31st total of 100 shares. Currently, 0.2% of the company’s shares are sold short. Based on an average daily volume of 18,500 shares, the short-interest ratio is presently 0.4 days.

Insider Buying and Selling at Conifer

In related news, Director Joseph D. Sarafa purchased 100,000 shares of the firm’s stock in a transaction that occurred on Monday, April 7th. The shares were bought at an average price of $0.53 per share, for a total transaction of $53,000.00. Following the acquisition, the director now owns 350,000 shares of the company’s stock, valued at approximately $185,500. This represents a 40.00 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders have purchased a total of 138,000 shares of company stock worth $75,320 over the last ninety days. Company insiders own 70.40% of the company’s stock.

Hedge Funds Weigh In On Conifer

A hedge fund recently bought a new stake in Conifer stock. Citadel Advisors LLC purchased a new position in Conifer Holdings, Inc. (NASDAQ:CNFR) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 22,412 shares of the insurance provider’s stock, valued at approximately $26,000. Citadel Advisors LLC owned about 0.18% of Conifer at the end of the most recent quarter. Hedge funds and other institutional investors own 34.88% of the company’s stock.

Conifer Trading Down 5.4 %

Shares of CNFR opened at $0.65 on Friday. The company’s fifty day simple moving average is $0.74 and its 200-day simple moving average is $0.98. The company has a market cap of $7.96 million, a P/E ratio of 0.27 and a beta of 0.69. The company has a current ratio of 0.66, a quick ratio of 0.66 and a debt-to-equity ratio of 0.34. Conifer has a twelve month low of $0.42 and a twelve month high of $1.91.

Conifer (NASDAQ:CNFR) last announced its quarterly earnings data on Friday, March 28th. The insurance provider reported ($2.11) earnings per share (EPS) for the quarter. The firm had revenue of $14.73 million during the quarter. Conifer had a negative return on equity of 335.82% and a net margin of 34.76%.

Conifer Company Profile

Conifer Holdings, Inc, an insurance holding company, engages in the sale of property and casualty insurance products. The company offers insurance coverage in specialty commercial and personal product lines. It also underwrites various specialty insurance products, including property, general liability, liquor liability, automobile, and homeowners and dwelling policies.