Fannie Mae, Freddie Mac shares tumble after conservatorship comments
James Smith, a director at Conifer Holdings, Inc. (NASDAQ:CNFR), recently acquired 20,150 shares of the company's common stock, according to a filing with the Securities and Exchange Commission. The shares were purchased at a price of $0.67 each, totaling approximately $13,500. Following this transaction, Smith's total direct ownership in the company increased to 36,150 shares. The purchase comes as CNFR's stock has shown significant momentum, gaining over 45% in the past week, though trading at just 0.39 times book value. With earnings expected in 26 days and analysts forecasting profitability this year, this micro-cap insurance provider, valued at $7.86 million, presents an interesting case study. InvestingPro analysis reveals 12 additional key insights about CNFR's valuation and growth prospects, available in the comprehensive Pro Research Report.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.