Patriot National, Inc. (NYSE:PN) Traded Much Higher Than Its 50 Day Moving Average


Company shares last traded at $1.39 well above the 50 day moving average of $1.22 and a great deal higher than the 200 day moving average of $1.22. The 50 day moving average was up $0.17 or +13.98% and the 200 day average went up $0.17 or +13.98%. 5,967 shares changed hands on Tuesday. Trading volume was down 98.45% under the stocks average daily volume.

Traders are a little more bullish on Patriot National, Inc. lately if you take note of the change in short interest. The firm realized a fall in short interest from September 15, 2017 to September 29, 2017 of -9.36%. Short shares decreased from 1,992,847 to 1,806,246 over that timeframe. The days to cover increased to 28.0 and the percentage of shorted shares is 0.06% as of September 29.

Additionally, here are a few investment firms who have increased or decreased their stake in (PN). Amp Capital Investors Ltd downsized its position by selling 19,212 shares a decrease of 42.9% as of 06/30/2017. Amp Capital Investors Ltd claims 25,544 shares worth $51,000. The total value of its holdings decreased 60.2%. As of the end of the quarter Ubs Group Ag had bought a total of 3,417 shares growing its stake by 1,334.8%. The value of the total investment in Patriot National, Inc. went from $1,000 to $8,000 a change of $7,000 for the reporting period.

Cutler Group LP added to its holdings by buying 582 shares an increase of 116.4% from 06/30/2017 to 09/30/2017. Cutler Group LP now holds 1,082 shares valued at $1,000. The value of the position overall is up by inf%. Meeder Asset Management Inc augmented its investment by buying 1,494 shares an increase of 455.5% in the quarter. Meeder Asset Management Inc owns 1,822 shares with a value of $2,000. The total value of its holdings increased 100.0%.

In the last earnings report the EPS was $-0.03 and is projected to be $0.10 for the current year with 31,312,000 shares outstanding. Next quarter’s EPS is expected be $0.01 and the next full year EPS is anticipated to be $0.25.

Patriot National, Inc., launched on November 15, 2013, is an independent national provider of technology-enabled outsourcing solutions that help insurance carriers, employers and other clients mitigate risk and comply with complex regulations. It offers a range of end-to-end insurance related and specialty services. The Company principally offers approximately two types of services: front-end services, such as brokerage, underwriting and policyholder services, and back-end services, such as claims adjudication and administration. It also offers specialty services, including technology outsourcing and other information technology (IT) services, as well as employment pre-screening and background checks..