Short Interest Runner: Is Buying 1347 Property Insurance Holdings (NASDAQ:PIH) Here Good Idea?

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Short Interest Runner: Is Buying 1347 Property Insurance Holdings (NASDAQ:PIH) Here Good Idea? insurance

Short Interest Runner: Is Buying 1347 Property Insurance Holdings (NASDAQ:PIH) Here Good Idea? insurance

The stock of 1347 Property Insurance Holdings (NASDAQ:PIH) registered an increase of 90.74% in short interest. PIH’s total short interest was 10,300 shares in November as published by FINRA. Its up 90.74% from 5,400 shares, reported previously. With 15,500 shares average volume, it will take short sellers 1 days to cover their PIH’s short positions. The short interest to 1347 Property Insurance Holdings’s float is 0.24%. The stock last traded at $7.29 per share. It is down 27.19% since April 11, 2016 and is uptrending. It has outperformed by 21.04% the S&P500.

1347 Property Insurance Holdings, Inc. is a holding company. The company has a market cap of $44.46 million. The Company, through its subsidiaries, is engaged providing property and casualty insurance. It has a 63.56 P/E ratio. The Firm offers homeowners’ insurance, manufactured home insurance and dwelling fire insurance.

Insitutional Activity: The institutional sentiment increased to 5 in Q2 2016. Its up 2.00, from 3 in 2016Q1. The ratio improved, 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.Spark Mngmt Lc has 13,600 shares for 0.01% of their US portfolio. Bankshares Of America Corp De holds 0% of its portfolio in 1347 Property Insurance Holdings Inc (NASDAQ:PIH) for 20 shares. Renaissance Technologies Ltd Llc last reported 51,500 shares in the company. Deutsche Bankshares Ag, a Germany-based fund reported 8,854 shares. Blackrock Fund Advsr has invested 0% of its portfolio in 1347 Property Insurance Holdings Inc (NASDAQ:PIH). Walleye Trading Ltd Com holds 1,300 shares or 0% of its portfolio. Blackrock Invest Mgmt Lc accumulated 0% or 814 shares. Mount Lucas Mgmt Limited Partnership holds 0.04% or 34,000 shares in its portfolio. Clear Harbor Asset Limited Liability Corporation holds 39,775 shares or 0.06% of its portfolio. The New York-based Tower Cap Ltd (Trc) has invested 0% in 1347 Property Insurance Holdings Inc (NASDAQ:PIH). Vanguard Grp holds 0% of its portfolio in 1347 Property Insurance Holdings Inc (NASDAQ:PIH) for 99,474 shares. Royal State Bank Of Canada accumulated 12 shares or 0% of the stock. Wasatch Advisors owns 123,200 shares or 0.01% of their US portfolio. The New York-based Morgan Stanley has invested 0% in 1347 Property Insurance Holdings Inc (NASDAQ:PIH). Bridgeway Capital Mgmt reported 80,200 shares or 0.01% of all its holdings.

Insider Transactions: Since May 17, 2016, the stock had 4 insider buys, and 0 sales for $990,579 net activity. Shares for $224,595 were bought by Fundamental Global Investors – LLC on Wednesday, September 28. Horowitz Joshua also bought $19,500 worth of 1347 Property Insurance Holdings Inc (NASDAQ:PIH) on Tuesday, May 17.

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.

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 Expects Losses from Louisiana Storms” published on August 23, 2016, Businesswire.com published: “1347 Property Insurance Holdings, Inc. Appoints Suzanne Morrow as Vice …” on May 16, 2016. More interesting news about 1347 Property Insurance Holdings Inc (NASDAQ:PIH) were released by: Quotes.Wsj.com and their article: “News 1347 Property Insurance Holdings Inc.PIH” published on June 17, 2011 as well as Seekingalpha.com‘s news article titled: “T11 Capital Long 1347 Property Insurance Holdings Inc” with publication date: April 29, 2016.