Ownership Change: Fundamental Global Investors – Llc just Made a Purchase of 29,929 shares of 1347 Property Insurance Holdings Inc (NASDAQ:PIH), be careful if you are short!

November 23, 2016 - By olga

Ownership Change: Fundamental Global Investors   Llc just Made a Purchase of 29,929 shares of 1347 Property Insurance Holdings Inc (NASDAQ:PIH), be careful if you are short!

Fundamental Global Investors – Llc Insider Buy

A public report filed with the Security Exchange Commission on 23/11/2016 provided information that Fundamental Global Investors – Llc, the insider of 1347 Property Insurance Holdings Inc, ‘s company, purchased 29,929 shares. With average market price per share of $7.6, the purchase’s amount is $226,104 U.S. Dollars. Currently, Fundamental Global Investors – Llc has in hand a total of 858,948 shares or 14.32% of 1347 Property Insurance Holdings Inc’s market capitalization.

Insitutional Activity: The institutional sentiment decreased to 1.2 in Q2 2016. Its down 3.80, from 5 in 2016Q1. The ratio fall, as 1 funds sold all 1347 Property Insurance Holdings Inc shares owned while 1 reduced positions. 3 funds bought stakes while 7 increased positions. They now own 931,198 shares or 96.46% more from 474,000 shares in 2016Q1.

Morgan Stanley holds 1,000 shares or 0% of its portfolio. Blackrock Investment Mgmt Ltd Limited Liability Company accumulated 814 shares or 0% of the stock. Blackrock Fund Advsr last reported 10,902 shares in the company. Tower Research Capital Limited (Trc) owns 948 shares or 0% of their US portfolio. Savings Bank Of America De holds 0% or 20 shares in its portfolio. Vanguard Group holds 0% or 99,474 shares in its portfolio. Clear Harbor Asset Mngmt Ltd Liability accumulated 0.06% or 39,775 shares. Royal Bancorporation Of Canada holds 0% of its portfolio in 1347 Property Insurance Holdings Inc (NASDAQ:PIH) for 12 shares. Deutsche Retail Bank Ag last reported 8,854 shares in the company. Walleye Trading Lc holds 0% or 1,300 shares in its portfolio. Wasatch Advsrs Inc accumulated 123,200 shares or 0.01% of the stock. Renaissance Tech, a New York-based fund reported 51,500 shares. Mount Lucas L P holds 0.04% of its portfolio in 1347 Property Insurance Holdings Inc (NASDAQ:PIH) for 34,000 shares. Bridgeway Mngmt Inc, a Texas-based fund reported 80,200 shares. The New York-based Spark Investment Management Ltd has invested 0.01% in 1347 Property Insurance Holdings Inc (NASDAQ:PIH).

Insider Transactions: Since September 28, 2016, the stock had 4 insider buys, and 0 selling transactions for $1.39 million net activity. Another trade for 37,000 shares valued at $247,261 was bought by Fundamental Global Investors – LLC.

The stock increased 1.99% or $0.15 on November 23, hitting $7.7. About 902 shares traded hands. 1347 Property Insurance Holdings Inc (NASDAQ:PIH) has risen 34.68% since April 21, 2016 and is uptrending. It has outperformed by 29.35% the S&P500.

1347 Property Insurance Holdings, Inc. is a holding company. The company has a market cap of $45.88 million. The Company, through its subsidiaries, is engaged providing property and casualty insurance. It has a 67.15 P/E ratio. The Firm offers homeowners’ insurance, manufactured home insurance and dwelling fire insurance.

According to Zacks Investment Research, “1347 Property Insurance Holdings, Inc., through its subsidiary, Maison Insurance Company, provides property and casualty insurance products to individuals in Louisiana. Its insurance offerings include homeowners’ insurance, manufactured home insurance and dwelling fire insurance. 1347 Property Insurance Holdings, Inc. is based in Baton Rouge, Louisiana.”

Analysts await 1347 Property Insurance Holdings Inc (NASDAQ:PIH) to report earnings on March, 16.

More notable recent 1347 Property Insurance Holdings Inc (NASDAQ:PIH) news were published by: Marketwatch.com which released: “1347 Property Insurance Holdings Inc.” on June 01, 2011, also Insurancejournal.com with their article: “1347 Property Insurance Holdings Rethinking Growth Strategy” published on October 18, 2016, Insurancejournal.com published: “1347 Property Insurance Holdings Expects Losses from Louisiana Storms” on August 23, 2016. More interesting news about 1347 Property Insurance Holdings Inc (NASDAQ:PIH) were released by: Businesswire.com and their article: “1347 Property Insurance Holdings, Inc. Announces 2016 Third Quarter Financial ..” published on November 14, 2016 as well as Quotes.Wsj.com‘s news article titled: “News 1347 Property Insurance Holdings Inc.PIH” with publication date: June 17, 2011.

PIH Company Profile

1347 Property Insurance Holdings, Inc., incorporated on October 2, 2012, is a holding company. The Company, through its subsidiaries, is engaged providing property and casualty insurance. The Firm offers homeowners’ insurance, manufactured home insurance and dwelling fire insurance. It writes both full peril property policies, as well as wind/hail only exposures and it distributes policies through independent insurance agents. The Firm has approximately 28,400 policies in-force. Maison Managers, Inc. (MMI) serves as the Company’s management services subsidiary. The Company’s other subsidiaries include Maison Insurance Company (Maison), a property and casualty insurance company, and ClaimCor, LLC (ClaimCor), a claims adjusting company.

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