1492 Capital Management Lowers stake in Federated National Holding Co (FNHC)

Federated National Holding Co (FNHC) : 1492 Capital Management reduced its stake in Federated National Holding Co by 33.13% during the most recent quarter end. The investment management company now holds a total of 152,246 shares of Federated National Holding Co which is valued at $3.2 Million after selling 75,429 shares in Federated National Holding Co , the firm said in a disclosure report filed with the SEC on May 11, 2016.Federated National Holding Co makes up approximately 2.79% of 1492 Capital Management’s portfolio.

Other Hedge Funds, Including , New Amsterdam Partnersny sold out all of its stake in FNHC during the most recent quarter. The investment firm sold 69,890 shares of FNHC which is valued $1.5 Million. Wfg Advisors Lp added FNHC to its portfolio by purchasing 11 company shares during the most recent quarter which is valued at $234.California Public Employees Retirement System boosted its stake in FNHC in the latest quarter, The investment management firm added 17,800 additional shares and now holds a total of 77,900 shares of Federated National Holding Co which is valued at $1.6 Million.American Century Companies Inc boosted its stake in FNHC in the latest quarter, The investment management firm added 17,651 additional shares and now holds a total of 112,299 shares of Federated National Holding Co which is valued at $2.4 Million.

Federated National Holding Co opened for trading at $21.26 and hit $21.89 on the upside on Monday, eventually ending the session at $21.33, with a gain of 0.09% or 0.02 points. The heightened volatility saw the trading volume jump to 65,171 shares. Company has a market cap of $295 M.

Many Wall Street Analysts have commented on Federated National Holding Co. Federated National Holding Co was Downgraded by Raymond James to ” Outperform” on Mar 8, 2016.

Federated National Holding Company (FNHC) is an insurance holding company that controls all steps in the insurance underwriting distribution and claims processes through its subsidiaries and its contractual relationships with its independent agents and general agents. The Company is authorized to underwrite homeowners’ multi-peril (homeowners) commercial general liability federal flood personal auto and various other lines of insurance in Florida and various other states. The Company markets and distributes its own and third-party insurers’ products and its other services through a network of independent agents. The Company’s insurance subsidiary is Federated National Insurance Company (FNIC). FNIC is licensed as an admitted carrier in Florida.

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