Price Action to Note: Federated National Holding Co Can’t Burn Your Short Portfolio. Just Reaches Yearly Low

Price Action to Note: Federated National Holding Co Can't Burn Your Short Portfolio. Just Reaches Yearly Low

The stock of Federated National Holding Co (NASDAQ:FNHC) hit a new 52-week low and has $13.98 target or 14.00% below today’s $16.26 share price. The 5 months bearish chart indicates high risk for the $215.96 million company. The 1-year low was reported on Oct, 6 by Barchart.com. If the $13.98 price target is reached, the company will be worth $30.23 million less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock. About 110,259 shares traded hands or 70.47% up from the average. Federated National Holding Co (NASDAQ:FNHC) has declined 27.33% since March 3, 2016 and is downtrending. It has underperformed by 35.68% the S&P500.

Analysts await Federated National Holding Co (NASDAQ:FNHC) to report earnings on November, 2. They expect $0.04 earnings per share, down 94.74% or $0.72 from last year’s $0.76 per share. FNHC’s profit will be $531,267 for 101.63 P/E if the $0.04 EPS becomes a reality. After $0.07 actual earnings per share reported by Federated National Holding Co for the previous quarter, Wall Street now forecasts -42.86% negative EPS growth.

Federated National Holding Co (NASDAQ:FNHC) Ratings Coverage

Out of 2 analysts covering Federated National Holding Company (NASDAQ:FNHC), 2 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. Federated National Holding Company has been the topic of 2 analyst reports since October 12, 2015 according to StockzIntelligence Inc. On Tuesday, March 8 the stock rating was downgraded by Raymond James to “Outperform”. On Monday, October 12 the stock rating was upgraded by Janney Capital to “Buy”.

According to Zacks Investment Research, “Federated National Holding Company is an insurance holding company, which through its subsidiaries, controls all aspects of the insurance underwriting, distribution and claims processes. The Company underwrites homeowners’ property and casualty, commercial general liability, commercial residential property, flood, personal automobile and commercial automobile. It is also licensed to and has the facilities to market and underwrite policies for other insurance carriers’ lines of business such as, inland marine, workers’ compensation and personal umbrella insurance. Federated National Holding Company, formerly known as 21st Century Holding Company, is based in Sunrise, Florida.”

Insitutional Activity: The institutional sentiment increased to 0.98 in Q2 2016. Its up 0.13, from 0.85 in 2016Q1. The ratio increased, as 10 funds sold all Federated National Holding Co shares owned while 33 reduced positions. 16 funds bought stakes while 26 increased positions. They now own 8.57 million shares or 1.73% less from 8.72 million shares in 2016Q1.
Cornercap Investment Counsel holds 0.09% or 24,045 shares in its portfolio. Wells Fargo & Mn has 338,523 shares for 0% of their US portfolio. Schroder Gp owns 338,094 shares or 0.01% of their US portfolio. Ativo Limited Liability Company last reported 0.18% of its portfolio in the stock. Banc Funds Limited Com, a Illinois-based fund reported 74,000 shares. Zurcher Kantonalbank (Zurich Cantonalbank) holds 0% of its portfolio in Federated National Holding Co (NASDAQ:FNHC) for 538 shares. State Street Corp reported 201,199 shares or 0% of all its holdings. Federated Incorporated Pa holds 0% of its portfolio in Federated National Holding Co (NASDAQ:FNHC) for 2,958 shares. California State Teachers Retirement owns 26,364 shares or 0% of their US portfolio. Moreover, Us Retail Bank De has 0% invested in Federated National Holding Co (NASDAQ:FNHC) for 425 shares. Manufacturers Life The last reported 0% of its portfolio in the stock. Smithfield last reported 0.04% of its portfolio in the stock. Wfg Advisors Ltd Partnership has 0% invested in the company for 11 shares. Tradewinds Global Investors Ltd Com holds 0.02% of its portfolio in Federated National Holding Co (NASDAQ:FNHC) for 12,588 shares. Opus Capital Grp Llc has invested 0.26% of its portfolio in Federated National Holding Co (NASDAQ:FNHC).

Insider Transactions: Since August 8, 2016, the stock had 0 insider purchases, and 2 selling transactions for $535,623 net activity. 27,950 shares with value of $523,951 were sold by PRYGELSKI PETER J on Monday, August 8. The insider DORF CARL sold $11,672.

More notable recent Federated National Holding Co (NASDAQ:FNHC) news were published by: Marketwatch.com which released: “Federated National Holding Co.” on October 17, 2012, also Reuters.com with their article: “BRIEF-Federated National Holding Company reports Q2 2016 results” published on August 02, 2016, Bizjournals.com published: “Names change: 21st Century becoming Federated National Holding Co.” on September 11, 2012. More interesting news about Federated National Holding Co (NASDAQ:FNHC) were released by: Reuters.com and their article: “BRIEF-Federated National Holding says CFO Peter Prygelski III resigned” published on June 20, 2016 as well as Globenewswire.com‘s news article titled: “Federated National Holding Company Announces Closing of Joint Venture and …” with publication date: March 20, 2015.

FNHC Company Profile

Federated National Holding Company (FNHC), incorporated on March 7, 1991, is an insurance holding firm that controls all steps in the insurance underwriting, distribution and claims processes through its subsidiaries and its contractual relationships with its independent agents and general agents. The Firm is authorized to underwrite homeowners’ multi-peril (homeowners), commercial general liability, federal flood, personal auto and various other lines of insurance in Florida and various other states. The Firm markets, distributes and services its own and third-party insurers’ products and its other services through a network of independent agents.

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