Brian Roney Buys 100,000 Shares of Presurance (NASDAQ:PRHI) Stock

Presurance Holdings, Inc. (NASDAQ:PRHI) CEO Brian Roney bought 100,000 shares of the company’s stock in a transaction on Wednesday, April 1st. The stock was purchased at an average cost of $0.72 per share, with a total value of $72,000.00. Following the completion of the transaction, the chief executive officer owned 510,232 shares in the company, valued at $367,367.04. This represents a 24.38% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Presurance Stock Up 5.7%

NASDAQ:PRHI traded up $0.04 on Thursday, reaching $0.77. 66,812 shares of the company’s stock were exchanged, compared to its average volume of 104,042. The stock has a market cap of $20.24 million, a price-to-earnings ratio of -0.51 and a beta of 0.90. Presurance Holdings, Inc. has a 52-week low of $0.42 and a 52-week high of $2.83. The company has a quick ratio of 0.78, a current ratio of 0.68 and a debt-to-equity ratio of 1.36. The business has a fifty day simple moving average of $0.69.

Presurance (NASDAQ:PRHI) last posted its quarterly earnings data on Friday, March 27th. The company reported ($1.24) EPS for the quarter. The business had revenue of $4.62 million during the quarter. Presurance had a negative net margin of 42.58% and a negative return on equity of 107.54%.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “sell (d)” rating on shares of Presurance in a research note on Monday, December 29th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock currently has a consensus rating of “Sell”.

About Presurance

Conifer Holdings, Inc, an insurance holding company, engages in the sale of property and casualty insurance products. It offers insurance coverage in specialty commercial and personal product lines. The company underwrites various specialty insurance products, including property, general liability, liquor liability, automobile, and homeowners and dwelling 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, including companies that provide security guard services, security alarm products and services, and private investigative services.