FedNat (NASDAQ:FNHC) Receives New Coverage from Analysts at StockNews.com

StockNews.com assumed coverage on shares of FedNat (NASDAQ:FNHCGet Rating) in a research note released on Monday morning. The brokerage issued a sell rating on the insurance provider’s stock.

FedNat Stock Performance

FNHC stock opened at $0.02 on Monday. FedNat has a 12-month low of $0.00 and a 12-month high of $1.88. The company has a current ratio of 0.69, a quick ratio of 0.69 and a debt-to-equity ratio of 8.41. The stock’s 50 day simple moving average is $0.26 and its 200 day simple moving average is $0.32. The firm has a market cap of $297,840.00, a P/E ratio of 0.00 and a beta of 2.35.

Institutional Investors Weigh In On FedNat

An institutional investor recently raised its position in FedNat stock. Renaissance Technologies LLC boosted its stake in FedNat Holding (NASDAQ:FNHCGet Rating) by 17.5% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 691,670 shares of the insurance provider’s stock after buying an additional 103,209 shares during the period. Renaissance Technologies LLC owned 3.95% of FedNat worth $214,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 26.36% of the company’s stock.

FedNat Company Profile

(Get Rating)

FedNat Holding Company, together with its subsidiaries, engages in the insurance underwriting, distribution, and claims processing business in Florida, Louisiana, Texas, Georgia, South Carolina, Alabama, and Mississippi. The company is involved in the homeowners and casualty insurance; and personal automobile insurance businesses, as well as commercial general liability and federal flood businesses.

Further Reading

Receive News & Ratings for FedNat Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for FedNat and related companies with MarketBeat.com's FREE daily email newsletter.