American Coastal Insurance Corporation $ACIC Shares Acquired by Militia Capital Partners LP

Key Points

• Militia Capital Partners LP increased its stake in American Coastal Insurance Corporation by 101.5% in the first quarter, now owning 90,658 shares valued at approximately $1,049,000.
• American Coastal Insurance's stock price is currently at $11.06, with a one-year low of $8.82 and a high of $15.08, showing a 2.6% increase recently.
• Wall Street analysts upgraded American Coastal Insurance from a "hold" rating to a "buy" rating, reflecting positive market sentiment towards the company's performance.

Militia Capital Partners LP boosted its holdings in shares of American Coastal Insurance Corporation (NASDAQ:ACIC - Free Report) by 101.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 90,658 shares of the company's stock after buying an additional 45,658 shares during the period. American Coastal Insurance makes up 0.8% of Militia Capital Partners LP's holdings, making the stock its 26th largest position. Militia Capital Partners LP owned approximately 0.19% of American Coastal Insurance worth $1,049,000 as of its most recent SEC filing.

Separately, Strs Ohio purchased a new position in shares of American Coastal Insurance in the first quarter worth $485,000. 22.11% of the stock is owned by institutional investors.

American Coastal Insurance Trading Up 1.8%

NASDAQ:ACIC traded up $0.20 during mid-day trading on Wednesday, hitting $11.10. The company's stock had a trading volume of 57,132 shares, compared to its average volume of 195,951. The company has a market capitalization of $541.24 million, a PE ratio of 6.81 and a beta of -0.26. The business's fifty day moving average price is $10.80. American Coastal Insurance Corporation has a 1 year low of $8.82 and a 1 year high of $15.08.

American Coastal Insurance (NASDAQ:ACIC - Get Free Report) last posted its earnings results on Wednesday, August 6th. The company reported $0.54 EPS for the quarter, topping the consensus estimate of $0.38 by $0.16. American Coastal Insurance had a return on equity of 30.65% and a net margin of 25.26%.

Wall Street Analyst Weigh In

Separately, Wall Street Zen raised American Coastal Insurance from a "hold" rating to a "buy" rating in a research report on Saturday, August 9th.

About American Coastal Insurance

American Coastal Insurance Corporation operates as a property and casualty insurance holding company that sources, writes, and services residential personal and commercial property, and casualty insurance policies in the United States. The company offers structure, content, and liability coverage for standard single-family homeowners, renters, and condominium unit owners.