Trade Report: The Global Investors Fundamental Acquires 67,187 Shares of 1347 Property Insurance Holdings Inc. (PIH) Stock

The Global Investors Fundamental Acquires 67,187 Shares of 1347 Property Insurance Holdings Inc. (PIH) Stock

1347 Property Insurance Holdings Inc. (NASDAQ:PIH) major shareholder Global Investors Fundamental acquired 67,187 shares of the stock in a transaction dated Friday, October 7th. The stock was acquired at an average price of $7.43 per share, for a total transaction of $499,199.41. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Large shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Global Investors Fundamental also recently made the following trade(s): On Wednesday, October 5th, Global Investors Fundamental acquired 12,000 shares of 1347 Property Insurance Holdings stock. The stock was acquired at an average price of $7.08 per share, for a total transaction of $84,960.00. On Tuesday, October 4th, Global Investors Fundamental acquired 2,900 shares of 1347 Property Insurance Holdings stock. The stock was acquired at an average price of $6.66 per share, for a total transaction of $19,314.00. On Monday, October 3rd, Global Investors Fundamental acquired 22,100 shares of 1347 Property Insurance Holdings stock. The stock was acquired at an average price of $6.47 per share, for a total transaction of $142,987.00. On Friday, September 30th, Global Investors Fundamental acquired 37,100 shares of 1347 Property Insurance Holdings stock. The stock was acquired at an average price of $6.05 per share, for a total transaction of $224,455.00.

Shares of 1347 Property Insurance Holdings Inc. (NASDAQ:PIH) traded up 7.39% during trading on Friday, reaching $7.85. 100,704 shares of the company were exchanged. The firm’s 50 day moving average price is $6.28 and its 200 day moving average price is $6.33. 1347 Property Insurance Holdings Inc. has a one year low of $5.32 and a one year high of $8.04. The company has a market capitalization of $47.30 million, a PE ratio of 68.86 and a beta of 0.54.

1347 Property Insurance Holdings (NASDAQ:PIH) last issued its earnings results on Thursday, August 11th. The company reported $0.22 earnings per share (EPS) for the quarter. 1347 Property Insurance Holdings had a return on equity of 1.61% and a net margin of 2.28%.

Separately, TheStreet upgraded shares of 1347 Property Insurance Holdings from a “sell” rating to a “hold” rating in a report on Friday, August 26th.

About 1347 Property Insurance Holdings

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