Security National Financial Corp (NASDAQ:SNFCA) was the target of a large growth in short interest in August. As of August 31st, there was short interest totalling 2,100 shares, a growth of 16.7% from the July 31st total of 1,800 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average trading volume of 5,900 shares, the short-interest ratio is currently 0.4 days.
Separately, ValuEngine lowered Security National Financial from a “hold” rating to a “sell” rating in a research report on Thursday, August 1st.
Security National Financial stock opened at $4.85 on Friday. Security National Financial has a 1-year low of $4.60 and a 1-year high of $5.90. The company has a market cap of $84.74 million, a PE ratio of 12.23 and a beta of -0.04. The stock’s 50 day moving average price is $5.00 and its 200 day moving average price is $5.06.
Security National Financial (NASDAQ:SNFCA) last posted its earnings results on Wednesday, August 14th. The credit services provider reported $0.20 EPS for the quarter. The company had revenue of $68.45 million for the quarter. Security National Financial had a return on equity of 3.99% and a net margin of 2.68%.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in SNFCA. Acadian Asset Management LLC increased its stake in Security National Financial by 113.4% in the second quarter. Acadian Asset Management LLC now owns 11,268 shares of the credit services provider’s stock valued at $57,000 after purchasing an additional 5,988 shares during the last quarter. Deutsche Bank AG increased its stake in Security National Financial by 16.7% in the fourth quarter. Deutsche Bank AG now owns 20,360 shares of the credit services provider’s stock valued at $105,000 after purchasing an additional 2,909 shares during the last quarter. BlackRock Inc. increased its stake in Security National Financial by 6.0% in the second quarter. BlackRock Inc. now owns 79,242 shares of the credit services provider’s stock valued at $398,000 after purchasing an additional 4,456 shares during the last quarter. Synovus Financial Corp increased its stake in Security National Financial by 5.0% in the first quarter. Synovus Financial Corp now owns 93,878 shares of the credit services provider’s stock valued at $443,000 after purchasing an additional 4,470 shares during the last quarter. Finally, Renaissance Technologies LLC grew its position in Security National Financial by 9.5% during the second quarter. Renaissance Technologies LLC now owns 159,426 shares of the credit services provider’s stock valued at $800,000 after acquiring an additional 13,890 shares during the period. 14.41% of the stock is owned by institutional investors.
About Security National Financial
Security National Financial Corporation engages in life insurance, cemetery and mortuary, and mortgage businesses. The company operates through three segments: Life Insurance, Cemetery and Mortuary, and Mortgages. The Life Insurance segment is involved in selling and servicing lines of life insurance, annuity products, and accident and health insurance.
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