Palomar Holdings Inc (NASDAQ:PLMR) major shareholder Vi Gp Aiv Ltd. Genstar sold 5,153,500 shares of Palomar stock in a transaction that occurred on Monday, September 30th. The shares were sold at an average price of $35.04, for a total transaction of $180,578,640.00. Major shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.
Shares of PLMR traded down $1.25 during trading hours on Wednesday, hitting $37.29. The stock had a trading volume of 10,125 shares, compared to its average volume of 226,517. The business’s 50-day moving average is $35.21. Palomar Holdings Inc has a fifty-two week low of $18.06 and a fifty-two week high of $40.99.
Palomar (NASDAQ:PLMR) last posted its earnings results on Monday, August 12th. The company reported $0.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.30 by $0.06. The firm had revenue of $25.41 million during the quarter, compared to analyst estimates of $24.25 million. Analysts forecast that Palomar Holdings Inc will post 1.74 earnings per share for the current fiscal year.
Institutional investors and hedge funds have recently bought and sold shares of the stock. Strs Ohio purchased a new position in shares of Palomar in the 2nd quarter worth $36,000. Quantitative Systematic Strategies LLC bought a new stake in shares of Palomar in the 2nd quarter worth about $201,000. Kornitzer Capital Management Inc. KS bought a new stake in shares of Palomar in the 2nd quarter worth about $2,449,000. One Tusk Investment Partners LP bought a new stake in shares of Palomar in the 2nd quarter worth about $2,404,000. Finally, Axiom International Investors LLC DE bought a new stake in shares of Palomar in the 2nd quarter worth about $1,419,000. Hedge funds and other institutional investors own 25.98% of the company’s stock.
There is no company description available for Palomar Holdings Inc
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