Security National Financial Co. (NASDAQ:SNFCA) Short Interest Up 39.8% in May

Security National Financial Co. (NASDAQ:SNFCA) saw a large increase in short interest in the month of May. As of May 31st, there was short interest totalling 114,100 shares, an increase of 39.8% from the May 15th total of 81,600 shares. Currently, 0.8% of the shares of the stock are sold short. Based on an average trading volume of 42,800 shares, the short-interest ratio is presently 2.7 days.

Analysts Set New Price Targets

Separately, StockNews.com raised shares of Security National Financial from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, May 15th.

Security National Financial Stock Performance

Shares of NASDAQ:SNFCA traded down $0.42 during trading on Friday, reaching $7.61. The company had a trading volume of 40,930 shares, compared to its average volume of 64,199. Security National Financial has a twelve month low of $6.50 and a twelve month high of $9.75. The firm has a market capitalization of $175.26 million, a PE ratio of 8.27 and a beta of 1.01. The firm’s fifty day moving average is $7.32 and its 200 day moving average is $7.95.

Security National Financial (NASDAQ:SNFCA) last released its earnings results on Tuesday, May 14th. The credit services provider reported $0.33 EPS for the quarter. Security National Financial had a net margin of 6.47% and a return on equity of 6.74%. The business had revenue of $81.19 million during the quarter.

Institutional Trading of Security National Financial

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. AJOVista LLC acquired a new stake in Security National Financial during the fourth quarter valued at approximately $50,000. Panagora Asset Management Inc. acquired a new stake in Security National Financial during the fourth quarter valued at approximately $92,000. BNP Paribas Financial Markets lifted its stake in Security National Financial by 171.7% during the first quarter. BNP Paribas Financial Markets now owns 10,695 shares of the credit services provider’s stock valued at $85,000 after purchasing an additional 6,759 shares during the last quarter. Acadian Asset Management LLC acquired a new stake in Security National Financial during the third quarter valued at approximately $96,000. Finally, Hillsdale Investment Management Inc. acquired a new stake in Security National Financial during the fourth quarter valued at approximately $138,000. 45.58% of the stock is owned by institutional investors and hedge funds.

Security National Financial Company Profile

Security National Financial Corporation engages in the life insurance, cemetery and mortuary, and mortgage businesses. The company's Life Insurance segment is involved in selling and servicing lines of life insurance, annuity products, and accident and health insurance. It offers various life insurance products, including funeral plans and interest-sensitive life insurance, as well as other traditional life, accident, and health insurance products; annuity products comprising single and flexible premium deferred annuities, and immediate annuities; and diver's accident insurance policies.