StockNews.com started coverage on shares of Hallmark Financial Services (NASDAQ:HALL – Get Rating) in a report issued on Monday morning. The firm issued a hold rating on the insurance provider’s stock.
Hallmark Financial Services Trading Up 1.7 %
Shares of Hallmark Financial Services stock opened at $0.75 on Monday. Hallmark Financial Services has a 52-week low of $0.70 and a 52-week high of $4.72. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 1.60. The company’s 50-day simple moving average is $0.99 and its 200-day simple moving average is $1.83. The firm has a market cap of $13.64 million, a price-to-earnings ratio of -0.13 and a beta of 1.32.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently made changes to their positions in HALL. Group One Trading L.P. acquired a new position in shares of Hallmark Financial Services during the third quarter worth about $41,000. Virtu Financial LLC acquired a new position in Hallmark Financial Services during the first quarter worth about $95,000. Renaissance Technologies LLC grew its position in Hallmark Financial Services by 20.5% during the first quarter. Renaissance Technologies LLC now owns 123,613 shares of the insurance provider’s stock worth $449,000 after buying an additional 21,023 shares during the period. Acadian Asset Management LLC acquired a new position in Hallmark Financial Services during the first quarter worth about $48,000. Finally, O Shaughnessy Asset Management LLC grew its position in Hallmark Financial Services by 67.8% during the second quarter. O Shaughnessy Asset Management LLC now owns 32,375 shares of the insurance provider’s stock worth $78,000 after buying an additional 13,079 shares during the period. 17.22% of the stock is currently owned by institutional investors and hedge funds.
About Hallmark Financial Services
Hallmark Financial Services, Inc underwrites, markets, distributes, and services property/casualty insurance products to businesses and individuals in the United States. The company operates through Specialty Commercial, Standard Commercial, and Personal segments. The Specialty Commercial segment offers primary and excess commercial vehicle insurance products and services; primary and excess liability, excess public entity liability, and E&S package and garage liability insurance products and services; primary and excess commercial property insurance for catastrophe and non-catastrophe exposures; healthcare and financial lines professional liability insurance products and services primarily for businesses, medical professionals, medical facilities, and senior care facilities; and satellite launch property/casualty insurance products and services, as well as various specialty programs.
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