Is Buying 52-Week Stock Like Federated National Holding Company (FNHC) a Winning Strategy?

May 17, 2018 - By Deanna Todd

Federated National Holding Company (NASDAQ:FNHC) Logo

Investors sentiment decreased to 0.85 in 2017 Q4. Its down 0.21, from 1.06 in 2017Q3. It dropped, as 12 investors sold Federated National Holding Company shares while 27 reduced holdings. 13 funds opened positions while 20 raised stakes. 7.98 million shares or 0.92% less from 8.05 million shares in 2017Q3 were reported.
Indexiq Advsrs Limited Co has invested 0.05% in Federated National Holding Company (NASDAQ:FNHC). Parallax Volatility Advisers Ltd Partnership holds 0% or 1,932 shares. Citigroup holds 1,750 shares or 0% of its portfolio. Morgan Stanley invested in 30,902 shares. Panagora Asset Mgmt invested in 5,672 shares. Banc Funds Co Limited Co invested in 138,000 shares or 0.11% of the stock. Tower Rech Capital Ltd (Trc), a New York-based fund reported 1,148 shares. Deutsche National Bank Ag accumulated 87,290 shares or 0% of the stock. Schroder Mgmt Group Incorporated stated it has 4,000 shares. Prudential Fin has 21,610 shares. Federated Incorporated Pa has 26 shares for 0% of their portfolio. Martingale Asset Mngmt Limited Partnership has 0% invested in Federated National Holding Company (NASDAQ:FNHC) for 13,300 shares. Brandywine Invest Management Lc reported 17,100 shares. Ameritas Inv Partners reported 0% in Federated National Holding Company (NASDAQ:FNHC). Geode Management Ltd Liability Corp reported 0% of its portfolio in Federated National Holding Company (NASDAQ:FNHC).

Since December 15, 2017, it had 0 insider buys, and 2 sales for $81,378 activity. Kimbrough Jenifer G had sold 4,241 shares worth $71,219 on Friday, March 16.

The stock of Federated National Holding Company (NASDAQ:FNHC) hit a new 52-week high and has $22.58 target or 9.00 % above today’s $20.72 share price. The 9 months bullish chart indicates low risk for the $263.49 million company. The 1-year high was reported on May, 17 by Barchart.com. If the $22.58 price target is reached, the company will be worth $23.71M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.

The stock increased 0.46% or $0.095 during the last trading session, reaching $20.715. About 23,940 shares traded. Federated National Holding Company (NASDAQ:FNHC) has declined 6.84% since May 17, 2017 and is downtrending. It has underperformed by 18.39% the S&P500.

Analysts await Federated National Holding Company (NASDAQ:FNHC) to report earnings on August, 6. They expect $0.50 EPS, up 35.14 % or $0.13 from last year’s $0.37 per share. FNHC’s profit will be $6.36 million for 10.36 P/E if the $0.50 EPS becomes a reality. After $0.64 actual EPS reported by Federated National Holding Company for the previous quarter, Wall Street now forecasts -21.88 % negative EPS growth.

Federated National Holding Company (NASDAQ:FNHC) Ratings Coverage

Among 2 analysts covering Federated National (NASDAQ:FNHC), 2 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Federated National had 2 analyst reports since December 20, 2017 according to SRatingsIntel. The stock has “Buy” rating by Keefe Bruyette & Woods on Wednesday, December 20. The stock of Federated National Holding Company (NASDAQ:FNHC) has “Strong Buy” rating given on Monday, May 14 by Raymond James.

More notable recent Federated National Holding Company (NASDAQ:FNHC) news were published by: Globenewswire.com which released: “Federated National Holding Company Reports First Quarter of 2018 Results” on May 07, 2018, also Benzinga.com with their article: “36 Stocks Moving In Monday’s Mid-Day Session” published on May 14, 2018, Benzinga.com published: “Benzinga’s Top Upgrades, Downgrades For May 14, 2018” on May 14, 2018. More interesting news about Federated National Holding Company (NASDAQ:FNHC) were released by: Seekingalpha.com and their article: “Federated National Holding’s (FNHC) CEO Michael Braun on Q1 2018 Results – Earnings Call Transcript” published on May 12, 2018 as well as Benzinga.com‘s news article titled: “48 Biggest Movers From Yesterday” with publication date: May 15, 2018.

Federated National Holding Company, through its subsidiaries, engages in insurance underwriting, distribution, and claims processing in the United States. The company has market cap of $263.49 million. The firm underwrites homeownersÂ’ multi-peril, commercial general liability, federal flood, personal automobile, and other lines of insurance. It has a 34.52 P/E ratio. It markets and distributes its own and third-party insurersÂ’ products, and other services through a network of independent agents.

Federated National Holding Company (NASDAQ:FNHC) Institutional Positions Chart

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