Palomar (NASDAQ:PLMR) Sets New 52-Week High at $29.00

Palomar Holdings Inc (NASDAQ:PLMR)’s stock price reached a new 52-week high on Wednesday . The stock traded as high as $29.00 and last traded at $28.90, with a volume of 2285 shares trading hands. The stock had previously closed at $28.61.

A number of brokerages recently weighed in on PLMR. Evercore ISI began coverage on shares of Palomar in a report on Monday, May 13th. They issued an “outperform” rating on the stock. William Blair began coverage on Palomar in a research report on Tuesday, May 14th. They set an “outperform” rating on the stock. JPMorgan Chase & Co. began coverage on Palomar in a research report on Monday, May 13th. They set an “overweight” rating and a $27.00 price target on the stock. Zacks Investment Research cut Palomar from a “buy” rating to a “hold” rating in a research report on Thursday, July 18th. Finally, SunTrust Banks began coverage on Palomar in a research report on Monday, May 13th. They set a “buy” rating and a $27.00 price target on the stock. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $25.40.

The company has a current ratio of 0.39, a quick ratio of 0.39 and a debt-to-equity ratio of 0.19. The firm has a 50-day moving average of $25.15.

Palomar (NASDAQ:PLMR) last posted its quarterly earnings data on Thursday, May 16th. The company reported $0.52 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.40 by $0.12. The company had revenue of $22.31 million during the quarter, compared to the consensus estimate of $16.85 million. On average, equities analysts forecast that Palomar Holdings Inc will post 1.66 EPS for the current fiscal year.

Several hedge funds have recently bought and sold shares of PLMR. Strs Ohio bought a new position in shares of Palomar in the second quarter worth approximately $36,000. Quantitative Systematic Strategies LLC bought a new position in shares of Palomar in the second quarter worth approximately $201,000. Finally, Kornitzer Capital Management Inc. KS bought a new position in shares of Palomar in the second quarter worth approximately $2,449,000. Institutional investors own 0.29% of the company’s stock.

Palomar Company Profile (NASDAQ:PLMR)

There is no company description available for Palomar Holdings Inc

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