Conifer (NASDAQ:CNFR) Shares Pass Below 50 Day Moving Average – Here’s What Happened

Conifer Holdings, Inc. (NASDAQ:CNFR)’s share price crossed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $1.07 and traded as low as $0.91. Conifer shares last traded at $1.01, with a volume of 26,091 shares changing hands.

Conifer Price Performance

The stock has a fifty day moving average of $1.07 and a 200-day moving average of $1.06. The company has a quick ratio of 0.66, a current ratio of 0.66 and a debt-to-equity ratio of 0.34. The firm has a market capitalization of $12.32 million, a P/E ratio of 0.42 and a beta of 0.54.

Insider Activity at Conifer

In other Conifer news, CEO Brian J. Roney sold 100,000 shares of the business’s stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of $2.00, for a total transaction of $200,000.00. Following the completion of the sale, the chief executive officer now directly owns 410,232 shares of the company’s stock, valued at approximately $820,464. The trade was a 19.60 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 70.40% of the stock is currently owned by company insiders.

Institutional Trading of Conifer

An institutional investor recently bought a new position in Conifer stock. Nemes Rush Group LLC acquired a new position in shares of Conifer Holdings, Inc. (NASDAQ:CNFR) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 41,115 shares of the insurance provider’s stock, valued at approximately $48,000. Nemes Rush Group LLC owned about 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.