Federated National (NASDAQ:FNHC) Share Price Passes Below 50 Day Moving Average of $14.05

Federated National Holding Co (NASDAQ:FNHC) shares passed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $14.05 and traded as low as $13.01. Federated National shares last traded at $13.49, with a volume of 898 shares changing hands.

A number of research firms have recently weighed in on FNHC. ValuEngine upgraded shares of VESTAS WIND SYS/ADR from a “hold” rating to a “buy” rating in a research note on Thursday, May 9th. Zacks Investment Research downgraded shares of GenMark Diagnostics from a “hold” rating to a “sell” rating in a research note on Wednesday, April 24th. Three analysts have rated the stock with a sell rating, one has assigned a hold rating and one has issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $24.50.

The business has a fifty day moving average of $14.03. The stock has a market cap of $183.69 million, a PE ratio of 9.52 and a beta of 0.83. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.63 and a current ratio of 0.63.

Federated National (NASDAQ:FNHC) last posted its quarterly earnings results on Tuesday, May 7th. The insurance provider reported ($0.19) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.20) by $0.01. The business had revenue of $96.51 million during the quarter, compared to the consensus estimate of $96.53 million. Federated National had a net margin of 0.89% and a return on equity of 4.07%. As a group, equities research analysts forecast that Federated National Holding Co will post 1.5 EPS for the current year.

Large investors have recently modified their holdings of the stock. BlackRock Inc. raised its stake in Federated National by 0.8% in the 4th quarter. BlackRock Inc. now owns 897,350 shares of the insurance provider’s stock valued at $17,876,000 after acquiring an additional 7,503 shares during the period. Foundry Partners LLC increased its position in shares of Federated National by 1.6% during the first quarter. Foundry Partners LLC now owns 230,240 shares of the insurance provider’s stock valued at $3,693,000 after buying an additional 3,650 shares during the period. Boston Partners increased its position in shares of Federated National by 7.0% during the first quarter. Boston Partners now owns 112,100 shares of the insurance provider’s stock valued at $1,798,000 after buying an additional 7,297 shares during the period. Raymond James & Associates increased its position in shares of Federated National by 10.6% during the fourth quarter. Raymond James & Associates now owns 91,836 shares of the insurance provider’s stock valued at $1,829,000 after buying an additional 8,765 shares during the period. Finally, Wedge Capital Management L L P NC increased its position in shares of Federated National by 37.9% during the first quarter. Wedge Capital Management L L P NC now owns 91,809 shares of the insurance provider’s stock valued at $1,473,000 after buying an additional 25,231 shares during the period. 64.30% of the stock is currently owned by institutional investors.

About Federated National (NASDAQ:FNHC)

FedNat Holding Company, through its subsidiaries, engages in the insurance underwriting, distribution, and claims processing business in the United States. The company is involved in the homeowners, and fire property and casualty insurance; and personal automobile insurance businesses, as well as commercial general liability and federal flood businesses.

Featured Story: Net Margin

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