Federated Natl Hldg (FNHC) Position Increased by Renaissance Technologies LLC Last Quarter


Federated Natl Hldg (NASDAQ:FNHC).

Renaissance Technologies LLC reports that it increased its stake in Federated Natl Hldg by 13,100 shares in the quarter ending 09/30/2017. Its position was valued at $10,752,000 a decrease of 0.5% according to the filing.

The following firms have recently changed their position in FNHC. As of quarter end Tiaa Cref Investment Management LLC had disposed of 19,800 shares trimming its stake by 22.7%. The value of the investment in Federated Natl Hldg decreased from $1,395,000 to $1,052,000 a change of 24.6% for the reporting period. Jpmorgan Chase & Co divested its holdings by selling 4,100 shares a decrease of 4.3% from 06/30/2017 to 09/30/2017. Jpmorgan Chase & Co owns 90,339 shares worth $1,428,000. The value of the position overall is down by 5.5%.

As of the end of the quarter Millennium Management LLC had bought a total of 122,884 shares growing its holdings by 622.8%. The value of the company’s investment in Federated Natl Hldg went from $316,000 to $2,226,000 increasing 604.4% quarter to quarter.

On September 21 Keefe, Bruyette & Woods maintained a company rating of “Buy” projecting a price of $21.00.

In the market the company is trading up by 0.07% since yesterday’s close of 13.55. The P/E ratio is currently N/A and the market cap is 177.00M. In the latest earnings report the EPS was $-0.70 with 13.05M shares now outstanding.

Investors are more bullish recently looking at the change in short interest. The firm saw a fall in short interest between September 29, 2017 and October 13, 2017 of -12.00%. Short shares decreased 41,096 over that period. Days to cover increased 2.0 to 5.0 and the short interest percentage is 0.02% as of October 13.