Teton Advisors Inc. held its stake in shares of Hallmark Financial Services, Inc. (NASDAQ:HALL) during the second quarter, Holdings Channel reports. The institutional investor owned 183,860 shares of the insurance provider’s stock at the end of the second quarter. Teton Advisors Inc.’s holdings in Hallmark Financial Services were worth $2,072,000 as of its most recent SEC filing.
Several other hedge funds have also recently modified their holdings of the company. Magnolia Group LLC increased its stake in shares of Hallmark Financial Services by 176.4% in the first quarter. Magnolia Group LLC now owns 278,293 shares of the insurance provider’s stock worth $3,075,000 after buying an additional 177,609 shares during the period. Oppenheimer Asset Management Inc. purchased a new stake in shares of Hallmark Financial Services during the first quarter worth $844,000. Hodges Capital Management Inc. increased its stake in shares of Hallmark Financial Services by 17.5% in the second quarter. Hodges Capital Management Inc. now owns 222,650 shares of the insurance provider’s stock worth $2,509,000 after buying an additional 33,100 shares during the period. Cove Street Capital LLC increased its stake in shares of Hallmark Financial Services by 1.4% in the first quarter. Cove Street Capital LLC now owns 2,104,819 shares of the insurance provider’s stock worth $23,258,000 after buying an additional 28,307 shares during the period. Finally, Pacific Ridge Capital Partners LLC increased its stake in shares of Hallmark Financial Services by 63.7% in the first quarter. Pacific Ridge Capital Partners LLC now owns 71,410 shares of the insurance provider’s stock worth $789,000 after buying an additional 27,790 shares during the period. 65.59% of the stock is owned by institutional investors.
Shares of Hallmark Financial Services, Inc. (NASDAQ HALL) opened at 11.03 on Friday. The stock’s 50 day moving average is $11.18 and its 200-day moving average is $10.94. Hallmark Financial Services, Inc. has a one year low of $9.71 and a one year high of $12.09. The company has a market cap of $200.48 million, a P/E ratio of 112.55 and a beta of 0.82.
HALL has been the subject of a number of recent analyst reports. Zacks Investment Research raised shares of Hallmark Financial Services from a “strong sell” rating to a “hold” rating in a report on Monday, July 17th. TheStreet raised shares of Hallmark Financial Services from a “c” rating to a “b-” rating in a report on Wednesday, June 28th.
About Hallmark Financial Services
Hallmark Financial Services, Inc is an insurance holding company. The Company markets, distributes, underwrites and services its property/casualty insurance products to businesses and individuals. Its business involves marketing, distributing, underwriting and servicing insurance products, as well as providing other insurance related services.
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