Presurance (NASDAQ:PRHI) CFO Harold Meloche Purchases 4,100 Shares of Stock

Presurance Holdings, Inc. (NASDAQ:PRHI) CFO Harold Meloche acquired 4,100 shares of the business’s stock in a transaction dated Wednesday, September 30th. The stock was acquired at an average cost of $6.38 per share, with a total value of $26,158.00. Following the purchase, the chief financial officer directly owned 14,468 shares in the company, valued at $92,305.84. This represents a 39.54% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

Presurance Trading Up 8.3%

Shares of PRHI stock traded up $0.53 on Thursday, hitting $6.92. 26,535 shares of the company’s stock traded hands, compared to its average volume of 14,877. The stock has a market capitalization of $25.95 million, a price-to-earnings ratio of -0.68 and a beta of 0.98. The company’s fifty day simple moving average is $6.61 and its 200 day simple moving average is $5.48. Presurance Holdings, Inc. has a one year low of $3.36 and a one year high of $19.81. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.67 and a current ratio of 0.67.

Presurance (NASDAQ:PRHI) last posted its quarterly earnings results on Wednesday, August 12th. The company reported $0.35 earnings per share for the quarter. Presurance had a negative net margin of 49.56% and a negative return on equity of 89.12%. The business had revenue of $9.14 million during the quarter.

Wall Street Analyst Weigh In

Separately, Weiss Ratings raised Presurance from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Monday, September 14th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Presurance currently has a consensus rating of “Sell” and a consensus price target of $7.00.

Presurance Company Profile

Conifer Holdings, Inc, an insurance holding company, engages in the sale of property and casualty insurance products. It offers insurance coverage in specialty commercial and personal product lines. The company underwrites various specialty insurance products, including property, general liability, liquor liability, automobile, and homeowners and dwelling policies. It serves the commercial insurance needs of owner-operated businesses in the markets, such as hospitality, which includes restaurants, bars, taverns, and bowling centers, as well as small grocery and convenience stores; artisan contractors comprising plumbers, painters, carpenters, electricians, and other independent contractors; and security service providers, including companies that provide security guard services, security alarm products and services, and private investigative services.