Conifer (NASDAQ:CNFR) Share Price Passes Below 50-Day Moving Average – Time to Sell?

Shares of Conifer Holdings, Inc. (NASDAQ:CNFR) passed below its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $1.05 and traded as low as $1.00. Conifer shares last traded at $1.01, with a volume of 11,660 shares.

Conifer Trading Up 1.4 %

The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.66 and a current ratio of 0.66. The company has a 50 day simple moving average of $1.05 and a 200 day simple moving average of $1.07. The company has a market capitalization of $12.35 million, a PE ratio of 0.42 and a beta of 0.54.

Insider Activity at Conifer

In other Conifer news, CEO Brian J. Roney sold 100,000 shares of the stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $2.00, for a total value of $200,000.00. Following the completion of the sale, the chief executive officer now owns 410,232 shares in the company, valued at approximately $820,464. This represents a 19.60 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 70.40% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Conifer

An institutional investor recently bought a new position in Conifer stock. Nemes Rush Group LLC bought a new position in shares of Conifer Holdings, Inc. (NASDAQ:CNFR) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 41,115 shares of the insurance provider’s stock, valued at approximately $48,000. Nemes Rush Group LLC owned about 0.34% of Conifer as of its most recent SEC filing. 34.88% of the stock is currently owned by hedge funds and other institutional investors.

About Conifer

Conifer Holdings, Inc, an insurance holding company, engages in the sale of property and casualty insurance products. The company offers insurance coverage in specialty commercial and personal product lines. It also underwrites various specialty insurance products, including property, general liability, liquor liability, automobile, and homeowners and dwelling policies.