Intrepid Capital Management Inc. lessened its holdings in Protective Insurance Corp (NASDAQ:PTVCB) by 33.0% during the 2nd quarter, Holdings Channel reports. The firm owned 539,382 shares of the company’s stock after selling 265,499 shares during the quarter. Protective Insurance comprises 4.2% of Intrepid Capital Management Inc.’s investment portfolio, making the stock its 3rd biggest holding. Intrepid Capital Management Inc.’s holdings in Protective Insurance were worth $9,369,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds and other institutional investors have also made changes to their positions in PTVCB. Renaissance Technologies LLC lifted its stake in shares of Protective Insurance by 10.7% during the second quarter. Renaissance Technologies LLC now owns 601,778 shares of the company’s stock valued at $10,453,000 after buying an additional 58,200 shares during the period. Deprince Race & Zollo Inc. lifted its stake in shares of Protective Insurance by 2.6% during the second quarter. Deprince Race & Zollo Inc. now owns 409,550 shares of the company’s stock valued at $7,114,000 after buying an additional 10,311 shares during the period. Northern Trust Corp lifted its stake in shares of Protective Insurance by 2.8% during the second quarter. Northern Trust Corp now owns 127,513 shares of the company’s stock valued at $2,215,000 after buying an additional 3,464 shares during the period. Wells Fargo & Company MN lifted its stake in shares of Protective Insurance by 12.3% during the second quarter. Wells Fargo & Company MN now owns 100,915 shares of the company’s stock valued at $1,752,000 after buying an additional 11,057 shares during the period. Finally, Martingale Asset Management L P lifted its stake in shares of Protective Insurance by 40.3% during the first quarter. Martingale Asset Management L P now owns 91,525 shares of the company’s stock valued at $1,696,000 after buying an additional 26,302 shares during the period. 47.44% of the stock is currently owned by institutional investors.
Shares of PTVCB opened at $16.41 on Friday. The company’s 50 day simple moving average is $16.28 and its 200 day simple moving average is $17.41. Protective Insurance Corp has a 1 year low of $15.30 and a 1 year high of $23.50.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 3rd. Investors of record on Tuesday, August 20th were paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 2.44%. The ex-dividend date of this dividend was Monday, August 19th.
About Protective Insurance
Protective Insurance Corporation, through its subsidiaries, engages in marketing and underwriting property and casualty insurance products. The company offers a range of fleet transportation insurance products, including commercial motor vehicle liability, physical damage, and general liability insurance; workers compensation insurance; medical and indemnity insurance products; non-trucking motor vehicle liability insurance; fidelity and surety bonds; and inland marine products consisting of cargo insurance.
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