Equities researchers at StockNews.com started coverage on shares of FedNat (NASDAQ:FNHC – Get Rating) in a note issued to investors on Monday. The firm set a “sell” rating on the insurance provider’s stock.
FedNat Trading Up 91.7 %
Shares of FNHC stock opened at $0.03 on Monday. FedNat has a 12 month low of $0.00 and a 12 month high of $2.75. The company has a quick ratio of 0.69, a current ratio of 0.69 and a debt-to-equity ratio of 8.41. The business’s 50 day moving average is $0.29 and its two-hundred day moving average is $0.33. The company has a market cap of $604,405.50, a PE ratio of -0.01 and a beta of 2.35.
Institutional Investors Weigh In On FedNat
A hedge fund recently raised its stake in FedNat stock. Renaissance Technologies LLC lifted its stake in FedNat Holding (NASDAQ:FNHC – Get Rating) by 17.5% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 691,670 shares of the insurance provider’s stock after acquiring an additional 103,209 shares during the period. Renaissance Technologies LLC owned approximately 3.95% of FedNat worth $214,000 at the end of the most recent reporting period. Institutional investors own 26.36% of the company’s stock.
FedNat Holding Company, together with its subsidiaries, engages in the insurance underwriting, distribution, and claims processing business in Florida, Louisiana, Texas, Georgia, South Carolina, Alabama, and Mississippi. The company is involved in the homeowners and casualty insurance; and personal automobile insurance businesses, as well as commercial general liability and federal flood businesses.
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