Short Interest in Security National Financial Co. (NASDAQ:SNFCA) Drops By 21.1%

Security National Financial Co. (NASDAQ:SNFCA) was the target of a large decrease in short interest in the month of December. As of December 31st, there was short interest totalling 29,100 shares, a decrease of 21.1% from the December 15th total of 36,900 shares. Based on an average trading volume of 43,200 shares, the short-interest ratio is presently 0.7 days. Approximately 0.2% of the shares of the company are sold short.

Security National Financial Trading Up 2.4 %

NASDAQ SNFCA traded up $0.27 on Wednesday, hitting $11.58. 38,346 shares of the company traded hands, compared to its average volume of 25,765. The business’s 50 day moving average price is $12.07 and its 200-day moving average price is $9.86. The company has a market capitalization of $281.10 million, a price-to-earnings ratio of 9.43 and a beta of 1.10. Security National Financial has a 52-week low of $6.19 and a 52-week high of $13.59.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Ritholtz Wealth Management grew its position in shares of Security National Financial by 58.8% during the fourth quarter. Ritholtz Wealth Management now owns 40,734 shares of the credit services provider’s stock worth $490,000 after purchasing an additional 15,087 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in Security National Financial by 1,673.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 6,368 shares of the credit services provider’s stock worth $59,000 after purchasing an additional 6,009 shares during the period. Barclays PLC grew its holdings in Security National Financial by 28.4% during the 3rd quarter. Barclays PLC now owns 42,486 shares of the credit services provider’s stock valued at $391,000 after buying an additional 9,404 shares in the last quarter. Soltis Investment Advisors LLC raised its position in shares of Security National Financial by 1.0% during the third quarter. Soltis Investment Advisors LLC now owns 2,820,948 shares of the credit services provider’s stock valued at $25,953,000 after buying an additional 29,120 shares during the last quarter. Finally, Geode Capital Management LLC lifted its holdings in shares of Security National Financial by 0.8% in the third quarter. Geode Capital Management LLC now owns 132,414 shares of the credit services provider’s stock worth $1,218,000 after buying an additional 1,080 shares in the last quarter. 45.58% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded shares of Security National Financial from a “buy” rating to a “strong-buy” rating in a research report on Saturday, December 21st.

Security National Financial Company Profile

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 insurance policies.