Security National Financial Co. (NASDAQ:SNFCA) Sees Large Growth in Short Interest

Security National Financial Co. (NASDAQ:SNFCA - Get Free Report) saw a large increase in short interest during the month of April. As of April 15th, there was short interest totalling 10,300 shares, an increase of 19.8% from the March 31st total of 8,600 shares. Based on an average daily volume of 39,000 shares, the short-interest ratio is presently 0.3 days. Approximately 0.1% of the shares of the company are short sold.

Security National Financial Price Performance

SNFCA traded up $0.46 during trading on Friday, reaching $10.64. 22,716 shares of the company's stock were exchanged, compared to its average volume of 49,386. Security National Financial has a 1 year low of $6.19 and a 1 year high of $13.59. The company's fifty day simple moving average is $11.02 and its 200-day simple moving average is $11.62. The stock has a market capitalization of $262.69 million, a P/E ratio of 8.66 and a beta of 0.88.

Analyst Ratings Changes

Separately, StockNews.com downgraded Security National Financial from a "buy" rating to a "hold" rating in a research note on Tuesday, April 1st.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Tower Research Capital LLC TRC increased its holdings in shares of Security National Financial by 795.2% during the 4th quarter. Tower Research Capital LLC TRC now owns 3,885 shares of the credit services provider's stock valued at $47,000 after purchasing an additional 3,451 shares in the last quarter. Farther Finance Advisors LLC purchased a new position in Security National Financial in the fourth quarter valued at $73,000. JPMorgan Chase & Co. raised its position in shares of Security National Financial by 1,673.8% in the third quarter. JPMorgan Chase & Co. now owns 6,368 shares of the credit services provider's stock worth $59,000 after acquiring an additional 6,009 shares during the period. Cubist Systematic Strategies LLC boosted its stake in shares of Security National Financial by 203.9% during the 4th quarter. Cubist Systematic Strategies LLC now owns 7,217 shares of the credit services provider's stock worth $87,000 after acquiring an additional 4,842 shares in the last quarter. Finally, Jefferies Financial Group Inc. grew its position in shares of Security National Financial by 15.4% during the 4th quarter. Jefferies Financial Group Inc. now owns 13,614 shares of the credit services provider's stock valued at $164,000 after acquiring an additional 1,814 shares during the period. Hedge funds and other institutional investors own 45.58% of the company's stock.

Security National Financial Company Profile

Security National Financial Corporation engages in the life insurance, cemetery and mortuary, and mortgage businesses. The company's Life Insurance segment is involved in selling and servicing lines of life insurance, annuity products, and accident and health insurance. It offers various life insurance products, including funeral plans and interest-sensitive life insurance, as well as other traditional life, accident, and health insurance products; annuity products comprising single and flexible premium deferred annuities, and immediate annuities; and diver's accident insurance policies.

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