Patriot National, Inc. (NYSE:PN) was upgraded by equities research analysts at ValuEngine from a “strong sell” rating to a “sell” rating in a report released on Tuesday.
Separately, Zacks Investment Research upgraded Patriot National from a “strong sell” rating to a “hold” rating in a research note on Wednesday, May 17th. One analyst has rated the stock with a sell rating and four have given a hold rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $7.33.
Shares of Patriot National (NYSE:PN) traded down 1.84% during trading on Tuesday, hitting $2.13. The stock had a trading volume of 24,180 shares. The company’s market cap is $57.21 million. Patriot National has a one year low of $1.70 and a one year high of $9.95. The stock’s 50-day moving average price is $2.16 and its 200-day moving average price is $2.99.
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A hedge fund recently raised its stake in Patriot National stock. Renaissance Technologies LLC boosted its position in Patriot National, Inc. (NYSE:PN) by 31.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 112,200 shares of the financial services provider’s stock after buying an additional 26,600 shares during the period. Renaissance Technologies LLC owned 0.42% of Patriot National worth $522,000 as of its most recent filing with the SEC. 15.69% of the stock is currently owned by institutional investors and hedge funds.
About Patriot National
Patriot National, Inc is an independent national provider of technology-enabled outsourcing solutions that help insurance carriers, employers and other clients mitigate risk and comply with complex regulations. It offers a range of end-to-end insurance related and specialty services. The Company principally offers approximately two types of services: front-end services, such as brokerage, underwriting and policyholder services, and back-end services, such as claims adjudication and administration.
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