Patriot National Inc (PN) was Downgraded by Compass Point to ” Neutral” and the brokerage firm has set the Price Target at $10. Earlier the firm had a rating of “Buy ” on the company shares. Compass Point advised their investors in a research report released on May 13, 2016.
Many Wall Street Analysts have commented on Patriot National Inc. Patriot National Inc was Downgraded by Sun Trust Rbsn Humphrey to ” Neutral” on Feb 26, 2016. Shares were Reiterated by Compass Point on Feb 26, 2016 to “Buy” and Lowered the Price Target to $ 13 from a previous price target of $17 .
Patriot National Inc opened for trading at $7.85 and hit $8.19 on the upside on Tuesday, eventually ending the session at $7.99, with a gain of 1.27% or 0.1 points. The heightened volatility saw the trading volume jump to 1,60,217 shares. Company has a market cap of $217 M.
In a different news, on Mar 30, 2016, Paul Halter (officer ) sold 2,794 shares at $8.08 per share price. According to the SEC, on Mar 28, 2016, Pizzo John R. Del (director) purchased 19,200 shares at $7.56 per share price. On Mar 16, 2016, Judith L. Haddad (officer ) purchased 2,500 shares at $6.25 per share price, according to the Form-4 filing with the securities and exchange commission.
Patriot National Inc. is a national provider of outsourcing solutions within the workers’ compensation marketplace for insurance companies employers local governments and reinsurance captives. The Company offers two types of services: brokerage underwriting and policyholder services (or brokerage and policyholder services) and claims administration services. It also provides claims investigations loss control service administration claimant transportation and translation claims subrogation services healthcare cost containment services claim lien negotiation services and reinsurance management services. Its brokerage and policyholder services include general agency services specialty underwriting and policyholder services. Its underwriting services include investigation and analysis of potential loss exposures. Its claims administration services relate to the administration and resolution of workers’ compensation claims. It also offers pre-employment screening services.