Security National Financial Co. (NASDAQ:SNFCA) Sees Large Increase in Short Interest

Posted by on Jun 17th, 2022

Security National Financial Co. (NASDAQ:SNFCA – Get Rating) was the target of a significant growth in short interest in the month of May. As of May 31st, there was short interest totalling 23,000 shares, a growth of 24.3% from the May 15th total of 18,500 shares. Based on an average daily trading volume, of 15,200 shares, the days-to-cover ratio is currently 1.5 days. Currently, 0.2% of the company’s stock are sold short.

Large investors have recently bought and sold shares of the company. Denali Advisors LLC purchased a new position in Security National Financial during the fourth quarter valued at approximately $29,000. FNY Investment Advisers LLC bought a new position in Security National Financial in the 1st quarter worth $59,000. JPMorgan Chase & Co. increased its stake in Security National Financial by 5,683.8% in the 4th quarter. JPMorgan Chase & Co. now owns 6,420 shares of the credit services provider’s stock worth $59,000 after buying an additional 6,309 shares in the last quarter. Morgan Stanley raised its holdings in Security National Financial by 33.8% during the second quarter. Morgan Stanley now owns 14,999 shares of the credit services provider’s stock valued at $131,000 after acquiring an additional 3,791 shares during the period. Finally, Goldman Sachs Group Inc. boosted its stake in shares of Security National Financial by 4.8% in the third quarter. Goldman Sachs Group Inc. now owns 26,645 shares of the credit services provider’s stock worth $219,000 after acquiring an additional 1,227 shares during the period. Hedge funds and other institutional investors own 41.67% of the company’s stock.

Separately, StockNews.com initiated coverage on Security National Financial in a research report on Tuesday. They issued a “buy” rating on the stock.

SNFCA opened at $8.50 on Friday. The stock has a market capitalization of $174.83 million, a price-to-earnings ratio of 5.70 and a beta of 0.78. The firm has a 50 day moving average price of $9.34 and a 200-day moving average price of $9.41. Security National Financial has a twelve month low of $7.71 and a twelve month high of $10.46.

Security National Financial (NASDAQ:SNFCA – Get Rating) last issued its quarterly earnings data on Monday, May 16th. The credit services provider reported $0.15 EPS for the quarter. Security National Financial had a return on equity of 16.73% and a net margin of 10.91%. The company had revenue of $102.43 million during the quarter.

About Security National Financial (Get Rating)

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 policies.

Read More

Want More Great Investing Ideas?

Receive News & Ratings for Security National Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Security National Financial and related companies with MarketBeat.com's FREE daily email newsletter.