Tower Research Capital LLC recently announced the acquisition of new stake in Conifer Holdings Inc. (NASDAQ:CNFR). The institutional investor has increased its shareholding in the Financial company by 6.14% to 5879.0 shares with purchase of 340.0 shares. This fresh investment now brings its stake to 0.05% valued currently at $9230.0.
With over 90340.0 Conifer Holdings Inc. (CNFR) shares trading Tuesday and a closing price of $1.85 on the day, the dollar volume was approximately $0.17 million. The shares have shown a positive half year performance of 5.11% and its price on 01/24/23 gained nearly 11.45%. Currently, there are 11.10M common shares owned by the public and among those 6.70M shares have been available to trade.
An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 2 analysts who have offered their price forecasts for CNFR have a consensus price objective of $1.40. The analysts have set the share’s price value over the next 12 months at a high of $1.40 and a low of $1.40. The average price target is -32.14% below its recent price level and a downside to the estimated low will see the stock lose -32.14% over that period. But a downside of -32.14% will see the stock hit the forecast high price target while median target price for the stock is $1.40.
Insiders at the company have transacted a total of 10 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 9 of these insider trades were purchases, accounting for 4,037,230 shares. Insider sales of the common stock occurred on 1 occasions, with total insider shares sold totaling 679 shares.
The top 3 mutual fund holders in Conifer Holdings Inc. are Aegis Value Fund, Bridgeway Ultra Small Company Mar, and Vanguard Extended Market Index Fu. Aegis Value Fund owns 0.43 million shares of the company’s stock, all valued at over $0.68 million. Vanguard Extended Market Index Fu now owns shares totaling to 0.20% of the shares outstanding.
Shares of Conifer Holdings Inc. (NASDAQ: CNFR) opened at $1.68, up $0.02 from a prior closing price of $1.66. However, the script later moved the day high at 2.0602, up 11.45%. The company’s stock has a 5-day price change of 12.58% and 12.46% over the past three months. CNFR shares are trading 17.83% year to date (YTD), with the 12-month market performance down to -20.26% lower. It has a 12-month low price of $1.28 and touched a high of $2.55 over the same period. CNFR has an average intraday trading volume of 5.94K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 18.73%, 20.58%, and 4.41% respectively.
Institutional ownership of Conifer Holdings Inc. (NASDAQ: CNFR) shares accounts for 5.30% of the company’s 11.10M shares outstanding. Mutual fund holders own 4.30%, while other institutional holders and individual stakeholders account for 76.65% and 2.92% respectively.
It has a market capitalization of $20.72M and a beta (3y monthly) value of 0.86. The earnings-per-share (ttm) stands at -$1.38. The company has a debt-to-equity ratio at 2.98. Price movements for the stock have been influenced by the stock’s volatility, which stands at 6.58% over the week and 4.35% over the month.
Analysts forecast that Conifer Holdings Inc. (CNFR) will achieve an EPS of -$0.13 for the current quarter, -$0.04 for the next quarter and -$0.19 for 2023. The lowest estimate earnings-per-share for the quarter is -$0.16 while analysts give the company a high EPS estimate of -$0.1. Comparatively, EPS for the current quarter was -$0.18 a year ago. Earnings per share for the fiscal year are expected to decrease by -282.60%, and 90.00% over the next financial year. EPS should shrink at an annualized rate of 15.00% over the next five years, compared to 36.70% over the past 5-year period.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 2 brokerage firm advisors rate Conifer Holdings Inc. (CNFR) as a “Hold” at a consensus score of 3.00. Specifically, 0 Wall Street analysts polled rate the stock as a buy, while 2 of the 2 advise that investors “hold,” and 0 rated it as a “Sell.”