Fenimore Asset Management Inc. Sells 20,510 Shares of Hallmark Financial Services, Inc. (NASDAQ:HALL)

Fenimore Asset Management Inc. lessened its stake in Hallmark Financial Services, Inc. (NASDAQ:HALL) by 3.0% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 662,907 shares of the insurance provider’s stock after selling 20,510 shares during the quarter. Fenimore Asset Management Inc. owned 3.66% of Hallmark Financial Services worth $9,433,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Cove Street Capital LLC grew its holdings in shares of Hallmark Financial Services by 1.4% during the first quarter. Cove Street Capital LLC now owns 1,685,981 shares of the insurance provider’s stock valued at $17,534,000 after buying an additional 23,373 shares in the last quarter. O Shaughnessy Asset Management LLC grew its holdings in shares of Hallmark Financial Services by 62.1% during the first quarter. O Shaughnessy Asset Management LLC now owns 18,960 shares of the insurance provider’s stock valued at $197,000 after buying an additional 7,261 shares in the last quarter. Teton Advisors Inc. grew its holdings in shares of Hallmark Financial Services by 2.8% during the first quarter. Teton Advisors Inc. now owns 188,930 shares of the insurance provider’s stock valued at $1,965,000 after buying an additional 5,070 shares in the last quarter. Wedge Capital Management L L P NC grew its holdings in shares of Hallmark Financial Services by 30.4% during the first quarter. Wedge Capital Management L L P NC now owns 31,169 shares of the insurance provider’s stock valued at $324,000 after buying an additional 7,269 shares in the last quarter. Finally, SG Americas Securities LLC purchased a new position in shares of Hallmark Financial Services during the first quarter valued at $109,000. Institutional investors and hedge funds own 64.65% of the company’s stock.

A number of brokerages have recently weighed in on HALL. Boenning Scattergood upgraded Hallmark Financial Services from a “neutral” rating to an “outperform” rating and lifted their price target for the company from $13.00 to $14.00 in a report on Thursday, May 9th. TheStreet upgraded Hallmark Financial Services from a “c” rating to a “b” rating in a report on Wednesday, May 29th. ValuEngine downgraded Hallmark Financial Services from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Zacks Investment Research upgraded Hallmark Financial Services from a “hold” rating to a “strong-buy” rating and set a $18.00 price target on the stock in a report on Wednesday. Finally, BidaskClub upgraded Hallmark Financial Services from a “buy” rating to a “strong-buy” rating in a report on Tuesday, July 30th. One analyst has rated the stock with a hold rating, two have issued a buy rating and two have assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $16.67.

In other news, CEO Naveen Anand acquired 6,500 shares of Hallmark Financial Services stock in a transaction that occurred on Wednesday, August 14th. The stock was purchased at an average price of $16.38 per share, with a total value of $106,470.00. Following the completion of the transaction, the chief executive officer now owns 77,400 shares in the company, valued at $1,267,812. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 28.60% of the stock is currently owned by company insiders.

HALL opened at $16.58 on Friday. The stock has a market cap of $301.39 million, a price-to-earnings ratio of 16.42 and a beta of 0.63. Hallmark Financial Services, Inc. has a 1 year low of $9.48 and a 1 year high of $16.96. The company has a current ratio of 0.51, a quick ratio of 0.49 and a debt-to-equity ratio of 0.30. The stock has a fifty day moving average price of $14.88 and a 200 day moving average price of $12.14.

Hallmark Financial Services Company Profile

Hallmark Financial Services, Inc, through its subsidiaries, underwrites, markets, distributes, and services property/casualty insurance products to businesses and individuals in the United States. The company operates in the Specialty Commercial, Standard Commercial, and Personal segments. The Specialty Commercial segment markets, underwrites, finances, and services commercial lines of insurance products, including commercial automobile, general liability, commercial property, commercial excess liability, and commercial umbrella insurance products.

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Institutional Ownership by Quarter for Hallmark Financial Services (NASDAQ:HALL)

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