ValuEngine Upgrades Patriot National, Inc. (PN) to Buy
Patriot National, Inc. (NYSE:PN) was upgraded by equities research analysts at ValuEngine from a “hold” rating to a “buy” rating in a research report issued on Wednesday.
Patriot National (NYSE:PN) traded down $0.70 on Wednesday, reaching $0.36. The company’s stock had a trading volume of 3,118,024 shares, compared to its average volume of 143,458. The stock has a market cap of $8.59 and a P/E ratio of 4.40. Patriot National has a one year low of $0.27 and a one year high of $7.00.
An institutional investor recently raised its position in Patriot National stock. Goldman Sachs Group Inc. raised its stake in shares of Patriot National, Inc. (NYSE:PN) by 241.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 102,714 shares of the financial services provider’s stock after acquiring an additional 72,626 shares during the quarter. Goldman Sachs Group Inc. owned approximately 0.33% of Patriot National worth $218,000 at the end of the most recent reporting period. 12.55% of the stock is currently owned by institutional investors.
Patriot National Company 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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