Short Interest in Security National Financial Co. (NASDAQ:SNFCA) Grows By 30.4%

Security National Financial Co. (NASDAQ:SNFCA) was the recipient of a large increase in short interest during the month of September. As of September 15th, there was short interest totalling 16,300 shares, an increase of 30.4% from the August 31st total of 12,500 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average trading volume of 63,200 shares, the short-interest ratio is presently 0.3 days.

Security National Financial Trading Up 2.8 %

Shares of NASDAQ:SNFCA traded up $0.25 during midday trading on Friday, hitting $9.16. The stock had a trading volume of 27,515 shares, compared to its average volume of 46,944. The company has a market capitalization of $221.86 million, a PE ratio of 10.45 and a beta of 1.02. Security National Financial has a 1 year low of $6.19 and a 1 year high of $9.29. The stock has a 50 day moving average price of $8.41 and a two-hundred day moving average price of $7.83.

Security National Financial (NASDAQ:SNFCA) last issued its earnings results on Wednesday, August 14th. The credit services provider reported $0.30 earnings per share (EPS) for the quarter. The company had revenue of $85.79 million during the quarter. Security National Financial had a net margin of 6.72% and a return on equity of 6.89%.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered Security National Financial from a “strong-buy” rating to a “buy” rating in a report on Tuesday, August 13th.

Institutional Investors Weigh In On Security National Financial

A number of institutional investors have recently bought and sold shares of the stock. BNP Paribas Financial Markets raised its stake in shares of Security National Financial by 171.7% during the first quarter. BNP Paribas Financial Markets now owns 10,695 shares of the credit services provider’s stock valued at $85,000 after purchasing an additional 6,759 shares during the period. Point72 Asia Singapore Pte. Ltd. acquired a new position in Security National Financial in the 2nd quarter worth $103,000. Marshall Wace LLP purchased a new position in Security National Financial in the 2nd quarter valued at about $106,000. Hillsdale Investment Management Inc. grew its stake in shares of Security National Financial by 45.8% during the first quarter. Hillsdale Investment Management Inc. now owns 22,300 shares of the credit services provider’s stock valued at $176,000 after acquiring an additional 7,000 shares in the last quarter. Finally, Hsbc Holdings PLC purchased a new stake in shares of Security National Financial during the second quarter worth about $198,000. 45.58% of the stock is currently owned by hedge funds and other institutional investors.

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.