Insider Buying: Conifer Holdings, Inc. (NASDAQ:CNFR) Director Purchases $10,880.00 in Stock

Conifer Holdings, Inc. (NASDAQ:CNFR) Director James Grant Smith purchased 16,000 shares of the stock in a transaction on Wednesday, April 9th. The shares were purchased at an average price of $0.68 per share, with a total value of $10,880.00. Following the acquisition, the director now directly owns 16,000 shares in the company, valued at $10,880. This represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Conifer Price Performance

Conifer stock opened at $0.62 on Friday. The company has a current ratio of 0.66, a quick ratio of 0.66 and a debt-to-equity ratio of 0.34. The company has a fifty day simple moving average of $0.81 and a 200-day simple moving average of $1.00. The stock has a market cap of $7.58 million, a P/E ratio of 0.26 and a beta of 0.69. Conifer Holdings, Inc. has a 12-month low of $0.42 and a 12-month high of $1.91.

Conifer (NASDAQ:CNFR) last released its quarterly earnings data on Friday, March 28th. The insurance provider reported ($2.11) earnings per share (EPS) for the quarter. Conifer had a negative return on equity of 335.82% and a net margin of 34.76%. The business had revenue of $14.73 million for the quarter.

Hedge Funds Weigh In On Conifer

An institutional investor recently bought a new position in Conifer stock. Citadel Advisors LLC bought a new stake in Conifer Holdings, Inc. (NASDAQ:CNFR) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 22,412 shares of the insurance provider’s stock, valued at approximately $26,000. Citadel Advisors LLC owned 0.18% of Conifer as of its most recent SEC filing. Institutional investors own 34.88% of the company’s stock.

Conifer Company Profile

Conifer Holdings, Inc, an insurance holding company, engages in the sale of property and casualty insurance products. The company offers insurance coverage in specialty commercial and personal product lines. It also underwrites various specialty insurance products, including property, general liability, liquor liability, automobile, and homeowners and dwelling policies.