Hallmark Financial Services (NASDAQ:HALL) Coverage Initiated by Analysts at StockNews.com

Equities research analysts at StockNews.com initiated coverage on shares of Hallmark Financial Services (NASDAQ:HALL – Get Rating) in a research note issued on Wednesday. The brokerage set a “hold” rating on the insurance provider’s stock.

Hallmark Financial Services Stock Performance

Shares of NASDAQ HALL opened at $4.31 on Wednesday. The firm has a fifty day moving average price of $6.33 and a 200-day moving average price of $24.53. The company has a debt-to-equity ratio of 4.48, a current ratio of 0.62 and a quick ratio of 0.62. The stock has a market cap of $7.84 million, a PE ratio of -0.05 and a beta of 1.12. Hallmark Financial Services has a 1 year low of $2.56 and a 1 year high of $29.50.

Hallmark Financial Services (NASDAQ:HALL – Get Rating) last announced its quarterly earnings data on Tuesday, March 28th. The insurance provider reported ($16.68) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($3.60) by ($13.08). The firm had revenue of $39.96 million during the quarter, compared to analysts’ expectations of $39.91 million. Hallmark Financial Services had a negative return on equity of 158.59% and a negative net margin of 71.70%. Equities analysts anticipate that Hallmark Financial Services will post -9 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Hallmark Financial Services

Institutional investors have recently bought and sold shares of the stock. Point72 Asset Management L.P. purchased a new position in Hallmark Financial Services during the second quarter valued at $31,000. Group One Trading L.P. bought a new position in Hallmark Financial Services during the third quarter valued at $41,000. Acadian Asset Management LLC bought a new position in Hallmark Financial Services during the first quarter valued at $48,000. Virtu Financial LLC bought a new position in Hallmark Financial Services during the first quarter valued at $95,000. Finally, Geode Capital Management LLC bought a new position in Hallmark Financial Services during the first quarter valued at $100,000. 14.13% of the stock is owned by hedge funds and other institutional investors.

Hallmark Financial Services Company Profile

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Hallmark Financial Services, Inc is a holding company, which engages in the provision of insurance products. It operates through the following segments: Specialty Commercial, Standard Commercial, and Personal. The Specialty Commercial segment includes the commercial auto, excess and surplus (E&S) casualty, E&S property, professional liability, and aerospace and programs business units.