Kestrel Investment Management Corp purchased a new position in Federated National Holding Company (NASDAQ:FNHC) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 173,125 shares of the insurance provider’s stock, valued at approximately $2,770,000. Kestrel Investment Management Corp owned about 1.25% of Federated National Holding at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the company. American International Group Inc. raised its position in shares of Federated National Holding by 7.0% in the first quarter. American International Group Inc. now owns 7,738 shares of the insurance provider’s stock worth $135,000 after buying an additional 509 shares during the period. UBS Group AG raised its position in shares of Federated National Holding by 29.8% in the first quarter. UBS Group AG now owns 9,101 shares of the insurance provider’s stock worth $159,000 after buying an additional 2,088 shares during the period. Globeflex Capital L P acquired a new position in shares of Federated National Holding during the first quarter worth approximately $174,000. Smith Asset Management Group LP acquired a new position in shares of Federated National Holding during the first quarter worth approximately $222,000. Finally, Prudential Financial Inc. raised its position in shares of Federated National Holding by 77.5% in the second quarter. Prudential Financial Inc. now owns 25,660 shares of the insurance provider’s stock worth $411,000 after buying an additional 11,200 shares during the period. Institutional investors own 62.32% of the company’s stock.

Shares of Federated National Holding Company (NASDAQ FNHC) traded down 0.58% on Friday, hitting $15.45. The stock had a trading volume of 6,644 shares. Federated National Holding Company has a 52 week low of $14.03 and a 52 week high of $21.19. The stock’s 50-day moving average price is $15.69 and its 200 day moving average price is $16.58. The company’s market cap is $200.46 million.

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In related news, Director Carl Dorf sold 25,000 shares of Federated National Holding stock in a transaction that occurred on Thursday, August 10th. The stock was sold at an average price of $16.60, for a total transaction of $415,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 10.78% of the company’s stock.

About Federated National Holding

Federated National Holding Company (FNHC) is an insurance holding company that controls all steps in the insurance underwriting, distribution and claims processes through its subsidiaries and its contractual relationships with its independent agents and general agents. The Company is authorized to underwrite homeowners’ multi-peril (homeowners), commercial general liability, federal flood, personal auto and various other lines of insurance in Florida and various other states.

Institutional Ownership by Quarter for Federated National Holding (NASDAQ:FNHC)

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