Intrepid Capital Management Inc. Has $536,000 Holdings in Hallmark Financial Services, Inc. (NASDAQ:HALL)

Intrepid Capital Management Inc. cut its holdings in shares of Hallmark Financial Services, Inc. (NASDAQ:HALL) by 94.5% during the second quarter, HoldingsChannel.com reports. The firm owned 37,681 shares of the insurance provider’s stock after selling 647,894 shares during the quarter. Intrepid Capital Management Inc.’s holdings in Hallmark Financial Services were worth $536,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. BNP Paribas Arbitrage SA increased its stake in shares of Hallmark Financial Services by 547.1% in the 1st quarter. BNP Paribas Arbitrage SA now owns 2,763 shares of the insurance provider’s stock valued at $29,000 after acquiring an additional 2,336 shares during the last quarter. SG Americas Securities LLC bought a new stake in shares of Hallmark Financial Services in the 1st quarter valued at about $109,000. Wedge Capital Management L L P NC increased its stake in shares of Hallmark Financial Services by 30.4% in the 1st quarter. Wedge Capital Management L L P NC now owns 31,169 shares of the insurance provider’s stock valued at $324,000 after acquiring an additional 7,269 shares during the last quarter. O Shaughnessy Asset Management LLC increased its stake in shares of Hallmark Financial Services by 62.1% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 18,960 shares of the insurance provider’s stock valued at $197,000 after acquiring an additional 7,261 shares during the last quarter. Finally, Cove Street Capital LLC increased its stake in shares of Hallmark Financial Services by 1.4% in the 1st quarter. Cove Street Capital LLC now owns 1,685,981 shares of the insurance provider’s stock valued at $17,534,000 after acquiring an additional 23,373 shares during the last quarter. Institutional investors own 65.42% of the company’s stock.

A number of research firms recently issued reports on HALL. Zacks Investment Research raised Hallmark Financial Services from a “hold” rating to a “strong-buy” rating and set a $18.00 target price for the company in a research note on Wednesday, August 14th. ValuEngine cut Hallmark Financial Services from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. Raymond James increased their target price on Hallmark Financial Services from $15.00 to $18.00 and gave the stock an “outperform” rating in a research note on Monday, August 12th. TheStreet raised Hallmark Financial Services from a “c” rating to a “b” rating in a research note on Wednesday, May 29th. Finally, BidaskClub raised Hallmark Financial Services from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, July 30th. One research analyst has rated the stock with a hold rating, two have assigned a buy rating and two have given a strong buy rating to the company. Hallmark Financial Services currently has an average rating of “Buy” and a consensus price target of $16.67.

In other Hallmark Financial Services news, CEO Naveen Anand purchased 6,500 shares of the firm’s stock in a transaction dated Wednesday, August 14th. The stock was bought at an average cost of $16.38 per share, with a total value of $106,470.00. Following the purchase, the chief executive officer now directly owns 77,400 shares of the company’s stock, valued at $1,267,812. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. 28.60% of the stock is owned by company insiders.

NASDAQ HALL opened at $18.10 on Friday. The business has a 50 day simple moving average of $16.51 and a 200 day simple moving average of $13.10. Hallmark Financial Services, Inc. has a 52-week low of $9.48 and a 52-week high of $18.43. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.51 and a current ratio of 0.51. The stock has a market cap of $316.97 million, a price-to-earnings ratio of 17.92 and a beta of 0.56.

Hallmark Financial Services (NASDAQ:HALL) last posted its earnings results on Wednesday, August 7th. The insurance provider reported $0.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.35 by $0.07. Hallmark Financial Services had a return on equity of 8.29% and a net margin of 7.65%. The business had revenue of $112.29 million during the quarter, compared to analysts’ expectations of $106.75 million. On average, analysts predict that Hallmark Financial Services, Inc. will post 1.43 EPS for the current year.

Hallmark Financial Services 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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