Todays Report: Today: Conifer Holdings Inc. (CNFR) Chairman James G. Petcoff Buys 35,000 Shares

Today: Conifer Holdings Inc. (CNFR) Chairman James G. Petcoff Buys 35,000 Shares

Conifer Holdings Inc. (NASDAQ:CNFR) Chairman James G. Petcoff purchased 35,000 shares of the stock in a transaction that occurred on Wednesday, November 23rd. The shares were acquired at an average cost of $7.20 per share, for a total transaction of $252,000.00. Following the completion of the transaction, the chairman now owns 42,057 shares of the company’s stock, valued at approximately $302,810.40. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Conifer Holdings Inc. (NASDAQ:CNFR) remained flat at $7.15 during trading on Monday. 7,248 shares of the stock were exchanged. Conifer Holdings Inc. has a 12 month low of $5.32 and a 12 month high of $10.09. The firm’s 50-day moving average price is $7.87 and its 200 day moving average price is $7.49. The firm’s market capitalization is $54.57 million.

Conifer Holdings (NASDAQ:CNFR) last issued its quarterly earnings results on Wednesday, November 9th. The company reported ($0.20) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.07) by $0.13. Conifer Holdings had a negative return on equity of 9.16% and a negative net margin of 7.17%. Analysts predict that Conifer Holdings Inc. will post ($0.71) EPS for the current year.

Separately, Zacks Investment Research lowered shares of Conifer Holdings from a “hold” rating to a “sell” rating in a research report on Friday, October 21st.

Institutional investors have recently modified their holdings of the company. Eidelman Virant Capital increased its position in shares of Conifer Holdings by 35.3% in the third quarter. Eidelman Virant Capital now owns 287,916 shares of the company’s stock worth $2,398,000 after buying an additional 75,052 shares during the period. Philadelphia Trust Co. bought a new position in shares of Conifer Holdings during the third quarter worth $444,000. Wells Fargo & Company MN increased its position in shares of Conifer Holdings by 43.5% in the third quarter. Wells Fargo & Company MN now owns 96,464 shares of the company’s stock worth $804,000 after buying an additional 29,239 shares during the period. Pacific Ridge Capital Partners LLC increased its position in shares of Conifer Holdings by 2.9% in the second quarter. Pacific Ridge Capital Partners LLC now owns 307,710 shares of the company’s stock worth $2,136,000 after buying an additional 8,560 shares during the period. Finally, Vanguard Group Inc. increased its position in shares of Conifer Holdings by 0.4% in the second quarter. Vanguard Group Inc. now owns 115,807 shares of the company’s stock worth $804,000 after buying an additional 500 shares during the period. 28.96% of the stock is currently owned by institutional investors.

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