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Harold J. Meloche, the Chief Financial Officer and Treasurer of Conifer Holdings, Inc. (NASDAQ:CNFR), a small-cap insurance firm with a market capitalization of $7.09 million, recently purchased a significant number of shares in the company. According to InvestingPro analysis, the stock is currently trading at an attractive Price/Book ratio of 0.33, suggesting potential undervaluation. According to a filing with the Securities and Exchange Commission, Meloche acquired 22,000 shares of Conifer Holdings common stock on April 7, 2025. The shares were bought at a weighted average price of approximately $0.5208 per share, amounting to a total transaction value of $11,457.
The purchase was executed through multiple trades, with prices ranging from $0.51 to $0.53 per share. Following this acquisition, Meloche's total direct ownership of Conifer Holdings stock stands at 72,588 shares. This transaction highlights Meloche's confidence in the company's prospects, as he increases his stake in the insurance firm.
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