Conifer Holdings, Inc. (NASDAQ:CNFR) CFO Harold J. Meloche Acquires 22,000 Shares

Conifer Holdings, Inc. (NASDAQ:CNFR) CFO Harold J. Meloche purchased 22,000 shares of the stock in a transaction dated Monday, April 7th. The shares were purchased at an average price of $0.52 per share, with a total value of $11,440.00. Following the transaction, the chief financial officer now directly owns 72,588 shares of the company’s stock, valued at approximately $37,745.76. The trade was a 43.49 % increase in their position. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Conifer Stock Up 1.7 %

CNFR stock opened at $0.60 on Wednesday. The firm’s 50-day moving average is $0.84 and its two-hundred day moving average is $1.02. The company has a market capitalization of $7.27 million, a price-to-earnings ratio of 0.25 and a beta of 0.69. Conifer Holdings, Inc. has a 52 week low of $0.42 and a 52 week high of $1.91. The company has a current ratio of 0.66, a quick ratio of 0.66 and a debt-to-equity ratio of 0.34.

Conifer (NASDAQ:CNFR) last announced its earnings results on Friday, March 28th. The insurance provider reported ($2.11) EPS for the quarter. The firm had revenue of $14.73 million for the quarter. Conifer had a negative return on equity of 335.82% and a net margin of 34.76%.

Institutional Trading of Conifer

An institutional investor recently bought a new position in Conifer stock. Nemes Rush Group LLC purchased a new position in Conifer Holdings, Inc. (NASDAQ:CNFR) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 41,115 shares of the insurance provider’s stock, valued at approximately $48,000. Nemes Rush Group LLC owned approximately 0.34% of Conifer at the end of the most recent quarter. Institutional investors and hedge funds own 34.88% of the company’s stock.

Conifer Company Profile

Conifer Holdings, Inc, an insurance holding company, engages in the sale of property and casualty insurance products. The company offers insurance coverage in specialty commercial and personal product lines. It also underwrites various specialty insurance products, including property, general liability, liquor liability, automobile, and homeowners and dwelling policies.