Presurance (NASDAQ:PRHI) CEO Acquires $72,000.00 in Stock

Presurance Holdings, Inc. (NASDAQ:PRHI) CEO Brian Roney bought 100,000 shares of the business’s stock in a transaction on Wednesday, April 1st. The shares were acquired at an average cost of $0.72 per share, with a total value of $72,000.00. Following the purchase, the chief executive officer owned 510,232 shares of the company’s stock, valued at $367,367.04. The trade was a 24.38% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Presurance Stock Up 5.7%

NASDAQ:PRHI traded up $0.04 on Thursday, reaching $0.77. The company’s stock had a trading volume of 66,812 shares, compared to its average volume of 104,042. Presurance Holdings, Inc. has a 12-month low of $0.42 and a 12-month high of $2.83. The company has a 50 day moving average of $0.69. The firm has a market capitalization of $20.24 million, a price-to-earnings ratio of -0.51 and a beta of 0.90. The company has a current ratio of 0.68, a quick ratio of 0.78 and a debt-to-equity ratio of 1.36.

Presurance (NASDAQ:PRHI) last released its quarterly earnings results on Friday, March 27th. The company reported ($1.24) earnings per share for the quarter. The business had revenue of $4.62 million for the quarter. Presurance had a negative return on equity of 107.54% and a negative net margin of 42.58%.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of Presurance in a research report on Monday, December 29th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company presently has an average rating of “Sell”.

About Presurance

Conifer Holdings, Inc, an insurance holding company, engages in the sale of property and casualty insurance products. It offers insurance coverage in specialty commercial and personal product lines. The company underwrites various specialty insurance products, including property, general liability, liquor liability, automobile, and homeowners and dwelling policies. It serves the commercial insurance needs of owner-operated businesses in the markets, such as hospitality, which includes restaurants, bars, taverns, and bowling centers, as well as small grocery and convenience stores; artisan contractors comprising plumbers, painters, carpenters, electricians, and other independent contractors; and security service providers, including companies that provide security guard services, security alarm products and services, and private investigative services.