Presurance (NASDAQ:PRHI) Stock: Insider Brian Roney Acquires 7,500 Shares

Presurance Holdings, Inc. (NASDAQ:PRHI) CEO Brian Roney bought 7,500 shares of the company’s stock in a transaction dated Wednesday, September 30th. The stock was bought at an average cost of $6.75 per share, for a total transaction of $50,625.00. Following the acquisition, the chief executive officer owned 80,390 shares of the company’s stock, valued at approximately $542,632.50. This trade represents a 10.29% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Presurance Stock Performance

Shares of Presurance stock traded up $0.53 during trading hours on Thursday, hitting $6.92. 26,535 shares of the company were exchanged, compared to its average volume of 14,877. Presurance Holdings, Inc. has a 1 year low of $3.36 and a 1 year high of $19.81. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 0.44. The business has a 50-day moving average of $6.61 and a 200-day moving average of $5.48. The stock has a market capitalization of $25.95 million, a price-to-earnings ratio of -0.68 and a beta of 0.98.

Presurance (NASDAQ:PRHI) last issued its quarterly earnings results on Wednesday, August 12th. The company reported $0.35 earnings per share for the quarter. Presurance had a negative return on equity of 89.12% and a negative net margin of 49.56%.The firm had revenue of $9.14 million during the quarter.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings upgraded shares of Presurance from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Monday, September 14th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Presurance presently has a consensus rating of “Sell” and an average target price of $7.00.

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.