Presurance (NASDAQ:PRHI) Announces Quarterly Earnings Results

Presurance (NASDAQ:PRHI) announced its quarterly earnings data on Thursday. The company reported ($0.42) earnings per share for the quarter, FiscalAI reports. Presurance had a negative return on equity of 89.12% and a negative net margin of 49.56%. The business had revenue of $9.58 million during the quarter.

Presurance Stock Down 17.9%

Shares of NASDAQ:PRHI traded down $1.31 on Thursday, hitting $6.02. 29,887 shares of the company traded hands, compared to its average volume of 16,604. Presurance has a 52 week low of $3.36 and a 52 week high of $9.63. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 0.44. The stock has a 50 day simple moving average of $7.52 and a 200-day simple moving average of $5.69. The company has a market cap of $22.55 million, a PE ratio of -0.59 and a beta of 0.91.

Insider Transactions at Presurance

In other news, CFO Harold J. Meloche acquired 4,100 shares of the business’s stock in a transaction that occurred on Wednesday, September 30th. The shares were bought at an average cost of $6.38 per share, with a total value of $26,158.00. Following the transaction, the chief financial officer owned 14,468 shares of the company’s stock, valued at $92,305.84. This trade represents a 39.54% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director James Grant Smith bought 7,250 shares of the company’s stock in a transaction dated Wednesday, September 30th. The stock was purchased at an average price of $6.75 per share, for a total transaction of $48,937.50. Following the purchase, the director owned 15,953 shares of the company’s stock, valued at approximately $107,682.75. This represents a 83.30% increase in their position. The SEC filing for this purchase provides additional information. Insiders have bought 37,100 shares of company stock worth $248,908 over the last quarter. Corporate insiders own 73.30% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings raised Presurance from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Monday, September 14th. One equities research analyst has rated the stock with a Sell rating. According to data from MarketBeat.com, the company presently 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.