100,000 Shares in Palomar Holdings Inc (NASDAQ:PLMR) Bought by One Tusk Investment Partners LP

One Tusk Investment Partners LP bought a new position in Palomar Holdings Inc (NASDAQ:PLMR) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 100,000 shares of the company’s stock, valued at approximately $2,404,000. Palomar makes up 3.2% of One Tusk Investment Partners LP’s portfolio, making the stock its 11th largest holding. One Tusk Investment Partners LP owned about 0.43% of Palomar as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Strs Ohio purchased a new stake in Palomar during the second quarter valued at about $36,000. Quantitative Systematic Strategies LLC purchased a new stake in Palomar during the second quarter valued at about $201,000. Finally, Kornitzer Capital Management Inc. KS purchased a new stake in Palomar during the second quarter valued at about $2,449,000. Institutional investors own 1.57% of the company’s stock.

PLMR has been the subject of several analyst reports. Evercore ISI initiated coverage on shares of Palomar in a research report on Monday, May 13th. They set an “outperform” rating for the company. Barclays initiated coverage on shares of Palomar in a research note on Monday, May 13th. They set an “equal weight” rating and a $20.00 price objective for the company. SunTrust Banks initiated coverage on shares of Palomar in a research note on Monday, May 13th. They set a “buy” rating and a $27.00 price objective for the company. Keefe, Bruyette & Woods initiated coverage on shares of Palomar in a research note on Sunday, May 12th. They set an “outperform” rating and a $24.00 price objective for the company. Finally, Zacks Investment Research downgraded shares of Palomar from a “buy” rating to a “hold” rating in a research note on Thursday, July 18th. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $28.00.



Shares of NASDAQ:PLMR traded up $4.49 during midday trading on Tuesday, hitting $34.33. 29,578 shares of the stock traded hands, compared to its average volume of 84,550. The stock’s 50 day simple moving average is $26.34. The company has a current ratio of 0.39, a quick ratio of 0.39 and a debt-to-equity ratio of 0.19. Palomar Holdings Inc has a one year low of $18.06 and a one year high of $30.57.

Palomar (NASDAQ:PLMR) last issued its quarterly earnings data on Monday, August 12th. The company reported $0.36 EPS for the quarter, beating the consensus estimate of $0.30 by $0.06. The firm had revenue of $25.41 million for the quarter, compared to the consensus estimate of $24.25 million. As a group, research analysts forecast that Palomar Holdings Inc will post 1.66 EPS for the current fiscal year.

About Palomar

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Institutional Ownership by Quarter for Palomar (NASDAQ:PLMR)

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