Northpointe Capital LLC decreased its stake in shares of Conifer Holdings Inc. (NASDAQ:CNFR) by 27.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 174,098 shares of the company’s stock after selling 67,426 shares during the period. Northpointe Capital LLC’s holdings in Conifer Holdings were worth $1,208,000 at the end of the most recent quarter.
Shares of Conifer Holdings Inc. (NASDAQ:CNFR) remained flat at $8.07 on Friday. The company had a trading volume of 110 shares. Conifer Holdings Inc. has a 52-week low of $5.32 and a 52-week high of $10.09. The firm has a 50-day moving average of $7.97 and a 200 day moving average of $7.20. The company’s market capitalization is $61.15 million.
Conifer Holdings (NASDAQ:CNFR) last released its quarterly earnings data on Thursday, August 11th. The company reported ($0.14) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.08) by $0.06. Conifer Holdings had a negative return on equity of 5.58% and a negative net margin of 4.38%. On average, equities analysts forecast that Conifer Holdings Inc. will post ($0.40) earnings per share for the current fiscal year.
Separately, Zacks Investment Research lowered Conifer Holdings from a “buy” rating to a “hold” rating in a report on Wednesday, July 13th.
About Conifer Holdings
Conifer Holdings, Inc is an insurance holding company. Through its insurance company subsidiaries, the Company offers insurance coverage in both specialty commercial and specialty personal product lines. It operates through two segments: commercial lines and personal lines. It is engaged in underwriting and marketing insurance coverage, and administering claims processing for such policies.
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