Today, Patriot National Inc. (PN) Insider Judith L. Haddad invests in 2,500 by buying Stock shares

Today, Patriot National Inc. (PN) Insider Judith L. Haddad invests in 2,500 by buying Stock shares

Patriot National Inc. (NYSE:PN) insider Judith L. Haddad acquired 2,500 shares of the firm’s stock in a transaction on Monday, November 28th. The shares were purchased at an average cost of $6.64 per share, for a total transaction of $16,600.00. Following the completion of the purchase, the insider now directly owns 80,000 shares of the company’s stock, valued at approximately $531,200. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Patriot National Inc. (NYSE:PN) opened at 6.82 on Tuesday. Patriot National Inc. has a one year low of $3.56 and a one year high of $14.78. The company has a 50-day moving average of $6.98 and a 200 day moving average of $8.06. The firm has a market capitalization of $180.64 million, a price-to-earnings ratio of 14.24 and a beta of 2.77.

Patriot National (NYSE:PN) last issued its quarterly earnings data on Monday, November 14th. The company reported $0.12 earnings per share for the quarter, missing the consensus estimate of $0.27 by $0.15. Patriot National had a return on equity of 13.44% and a net margin of 5.81%. The business earned $60.20 million during the quarter, compared to analyst estimates of $70.19 million. The company’s revenue for the quarter was up 2.9% on a year-over-year basis. On average, analysts anticipate that Patriot National Inc. will post $0.56 EPS for the current year.

The firm also recently disclosed a special dividend, which will be paid on Friday, December 9th. Shareholders of record on Monday, November 28th will be paid a $2.50 dividend. The ex-dividend date is Monday, December 12th.

Hedge funds have recently modified their holdings of the company. Oakworth Capital Inc. boosted its stake in shares of Patriot National by 100.0% in the second quarter. Oakworth Capital Inc. now owns 16,000 shares of the company’s stock valued at $121,000 after buying an additional 8,000 shares during the period. Cutler Group LP boosted its stake in shares of Patriot National by 13,700.0% in the third quarter. Cutler Group LP now owns 13,800 shares of the company’s stock valued at $124,000 after buying an additional 13,700 shares during the period. Dynamic Technology Lab Private Ltd boosted its stake in shares of Patriot National by 6.8% in the second quarter. Dynamic Technology Lab Private Ltd now owns 15,593 shares of the company’s stock valued at $128,000 after buying an additional 993 shares during the period. Teachers Advisors Inc. boosted its stake in shares of Patriot National by 37.4% in the second quarter. Teachers Advisors Inc. now owns 16,783 shares of the company’s stock valued at $137,000 after buying an additional 4,566 shares during the period. Finally, California State Teachers Retirement System boosted its stake in shares of Patriot National by 25.4% in the second quarter. California State Teachers Retirement System now owns 22,807 shares of the company’s stock valued at $187,000 after buying an additional 4,624 shares during the period. Institutional investors and hedge funds own 25.53% of the company’s stock.

A number of equities analysts have recently issued reports on PN shares. Zacks Investment Research lowered shares of Patriot National from a “hold” rating to a “strong sell” rating in a research report on Thursday, August 18th. Compass Point upgraded shares of Patriot National from a “neutral” rating to a “buy” rating and set a $10.00 target price on the stock in a research report on Wednesday, November 9th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $10.00.

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