Patriot National, Inc. (PN) Position Lowered by Menta Capital LLC
Menta Capital LLC reduced its stake in Patriot National, Inc. (NYSE:PN) by 23.8% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 58,156 shares of the financial services provider’s stock after selling 18,131 shares during the quarter. Menta Capital LLC owned about 0.22% of Patriot National worth $123,000 at the end of the most recent reporting period.
Separately, Teachers Advisors LLC lifted its stake in shares of Patriot National by 104.9% in the fourth quarter. Teachers Advisors LLC now owns 34,383 shares of the financial services provider’s stock worth $160,000 after acquiring an additional 17,600 shares during the period. Institutional investors and hedge funds own 13.32% of the company’s stock.
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Separately, ValuEngine raised Patriot National from a “strong sell” rating to a “sell” rating in a research note on Tuesday, August 1st.
Patriot National, Inc. (NYSE:PN) opened at 1.08 on Friday. Patriot National, Inc. has a 1-year low of $0.99 and a 1-year high of $8.98. The company has a 50 day moving average price of $1.20 and a 200-day moving average price of $1.20. The firm’s market capitalization is $33.82 million.
Patriot National Profile
Patriot National, Inc is an independent national provider of technology-enabled outsourcing solutions that help insurance carriers, employers and other clients mitigate risk and comply with complex regulations. It offers a range of end-to-end insurance related and specialty services. The Company principally offers approximately two types of services: front-end services, such as brokerage, underwriting and policyholder services, and back-end services, such as claims adjudication and administration.
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