Conifer (NASDAQ:CNFR) Stock Price Passes Below Fifty Day Moving Average – Here’s Why

Shares of Conifer Holdings, Inc. (NASDAQ:CNFR) passed below its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $1.05 and traded as low as $1.00. Conifer shares last traded at $1.01, with a volume of 11,660 shares.

Conifer Price Performance

The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.66 and a current ratio of 0.66. The stock’s 50-day moving average is $1.05 and its two-hundred day moving average is $1.07. The stock has a market cap of $12.35 million, a PE ratio of 0.42 and a beta of 0.54.

Insider Transactions at Conifer

In related news, CEO Brian J. Roney sold 100,000 shares of the firm’s stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of $2.00, for a total transaction of $200,000.00. Following the completion of the transaction, the chief executive officer now directly owns 410,232 shares in the company, valued at $820,464. This trade represents a 19.60 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 70.40% of the company’s stock.

Institutional Investors Weigh In On Conifer

A hedge fund recently bought a new stake in Conifer stock. Nemes Rush Group LLC acquired a new stake in Conifer Holdings, Inc. (NASDAQ:CNFR) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 41,115 shares of the insurance provider’s stock, valued at approximately $48,000. Nemes Rush Group LLC owned approximately 0.34% of Conifer at the end of the most recent quarter. 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.