Conifer Holdings Inc (NASDAQ:CNFR) Major Shareholder Acquires $724,758.75 in Stock

Conifer Holdings Inc (NASDAQ:CNFR) major shareholder Clarkston Ventures, Llc acquired 193,269 shares of the business’s stock in a transaction on Wednesday, August 14th. The stock was bought at an average cost of $3.75 per share, for a total transaction of $724,758.75. Following the completion of the transaction, the insider now directly owns 1,770,766 shares of the company’s stock, valued at $6,640,372.50. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Major shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

NASDAQ CNFR traded up $0.25 on Thursday, hitting $3.98. 6,811 shares of the stock were exchanged, compared to its average volume of 6,884. The business’s 50-day moving average price is $3.70. The company has a debt-to-equity ratio of 0.75, a current ratio of 0.50 and a quick ratio of 0.50. Conifer Holdings Inc has a 52-week low of $3.06 and a 52-week high of $7.00. The company has a market cap of $33.47 million, a P/E ratio of -9.05 and a beta of 1.49.

Conifer (NASDAQ:CNFR) last released its quarterly earnings data on Wednesday, August 7th. The insurance provider reported ($0.67) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.17) by ($0.50). Conifer had a negative net margin of 12.40% and a negative return on equity of 34.09%. The business had revenue of $22.78 million during the quarter, compared to analyst estimates of $23.16 million. Equities analysts forecast that Conifer Holdings Inc will post -0.76 EPS for the current fiscal year.

A number of equities analysts recently commented on CNFR shares. ValuEngine upgraded Conifer from a “sell” rating to a “hold” rating in a research note on Thursday, August 1st. Zacks Investment Research raised Conifer from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 16th. Finally, Boenning Scattergood reissued a “neutral” rating on shares of Conifer in a report on Thursday, May 16th.

About Conifer

Conifer Holdings, Inc, an insurance holding company, offers insurance coverage in specialty commercial and personal product lines. The company underwrites various specialty insurance products, including property, general liability, commercial multi-peril, liquor liability, and automobile 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, such as companies that provide security guard services, security alarm products and services, and private investigative services.

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