Hallmark Financial Services (NASDAQ:HALL) Coverage Initiated at StockNews.com

Analysts at StockNews.com initiated coverage on shares of Hallmark Financial Services (NASDAQ:HALL – Get Rating) in a research note issued to investors on Wednesday. The brokerage set a “hold” rating on the insurance provider’s stock.

Hallmark Financial Services Stock Up 4.6 %

HALL stock opened at $4.35 on Wednesday. The company has a market cap of $7.92 million, a PE ratio of -0.05 and a beta of 1.12. The business has a 50-day simple moving average of $6.11 and a 200 day simple moving average of $23.77. Hallmark Financial Services has a 52 week low of $2.56 and a 52 week high of $29.50. The company has a quick ratio of 0.62, a current ratio of 0.62 and a debt-to-equity ratio of 4.48.

Hallmark Financial Services (NASDAQ:HALL – Get Rating) last issued its earnings results on Tuesday, March 28th. The insurance provider reported ($16.68) EPS for the quarter, missing the consensus estimate of ($3.60) by ($13.08). The business had revenue of $39.96 million for the quarter, compared to analyst estimates of $39.91 million. Hallmark Financial Services had a negative return on equity of 158.59% and a negative net margin of 71.70%.

Hedge Funds Weigh In On Hallmark Financial Services

Several large investors have recently bought and sold shares of HALL. Point72 Asset Management L.P. bought a new stake in shares of Hallmark Financial Services during the 2nd quarter worth $31,000. Acadian Asset Management LLC bought a new stake in Hallmark Financial Services in the 1st quarter valued at about $48,000. Geode Capital Management LLC bought a new stake in Hallmark Financial Services in the 1st quarter valued at about $100,000. Virtu Financial LLC bought a new stake in Hallmark Financial Services in the 1st quarter valued at about $95,000. Finally, Group One Trading L.P. bought a new stake in Hallmark Financial Services in the 3rd quarter valued at about $41,000. 14.13% of the stock is currently owned by institutional investors.

About Hallmark Financial Services

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Hallmark Financial Services, Inc is a holding company, which engages in the provision of insurance products. It operates through the following segments: Specialty Commercial, Standard Commercial, and Personal. The Specialty Commercial segment includes the commercial auto, excess and surplus (E&S) casualty, E&S property, professional liability, and aerospace and programs business units.