Security National Financial Corporation (NASDAQ:SNFCA) Short Interest Update

Key Points

• Short interest fell 18.6% in March to 218,061 shares (about 1.0% of shares outstanding), leaving a days-to-cover ratio of roughly 4.0 based on average volume.
• Director Gilbert A. Fuller sold 10,000 shares on April 7 at $9.45, cutting his holding by 23.82%; insiders collectively own about 13% of the company.
• Institutional ownership is about 45.6% with recent buying (e.g., Veradace's new ~$3.18M stake), and the stock trades near $9.65 with a market cap of ~$251M, a P/E of ~7.7 and reported $0.53 EPS for the quarter.

Security National Financial Corporation (NASDAQ:SNFCA - Get Free Report) saw a significant drop in short interest in the month of March. As of March 31st, there was short interest totaling 218,061 shares, a drop of 18.6% from the March 15th total of 267,953 shares. Based on an average trading volume of 54,648 shares, the days-to-cover ratio is presently 4.0 days. Currently, 1.0% of the shares of the stock are short sold.

Insider Buying and Selling

In other Security National Financial news, Director Gilbert A. Fuller sold 10,000 shares of the firm's stock in a transaction on Tuesday, April 7th. The stock was sold at an average price of $9.45, for a total value of $94,500.00. Following the completion of the sale, the director owned 31,973 shares of the company's stock, valued at approximately $302,144.85. This trade represents a 23.82% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 13.00% of the company's stock.

Hedge Funds Weigh In On Security National Financial

Several hedge funds and other institutional investors have recently modified their holdings of the company. Invesco Ltd. lifted its stake in shares of Security National Financial by 7.8% in the 4th quarter. Invesco Ltd. now owns 16,973 shares of the credit services provider's stock valued at $153,000 after purchasing an additional 1,221 shares in the last quarter. Veradace Capital Management LLC acquired a new position in Security National Financial during the 4th quarter worth approximately $3,181,000. EP Wealth Advisors LLC acquired a new position in Security National Financial during the 4th quarter worth approximately $575,000. Empowered Funds LLC lifted its position in Security National Financial by 11.7% during the 4th quarter. Empowered Funds LLC now owns 82,470 shares of the credit services provider's stock worth $743,000 after acquiring an additional 8,651 shares in the last quarter. Finally, Verdad Advisers LP acquired a new position in Security National Financial during the 4th quarter worth approximately $728,000. 45.58% of the stock is owned by institutional investors and hedge funds.

Security National Financial Stock Performance

Security National Financial stock traded down $0.03 during midday trading on Thursday, reaching $9.65. 23,914 shares of the company were exchanged, compared to its average volume of 34,950. The company has a market capitalization of $251.09 million, a price-to-earnings ratio of 7.65 and a beta of 0.70. The firm's 50-day simple moving average is $9.21 and its 200-day simple moving average is $8.80. Security National Financial has a 1 year low of $7.70 and a 1 year high of $10.48.

Security National Financial (NASDAQ:SNFCA - Get Free Report) last posted its quarterly earnings results on Monday, March 16th. The credit services provider reported $0.53 EPS for the quarter. The company had revenue of $82.98 million during the quarter. Security National Financial had a return on equity of 8.71% and a net margin of 9.33%.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the company. Wall Street Zen raised Security National Financial from a "hold" rating to a "buy" rating in a research note on Saturday, March 21st. Weiss Ratings reiterated a "hold (c)" rating on shares of Security National Financial in a research report on Monday, December 29th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat, Security National Financial currently has an average rating of "Hold".

About Security National Financial

Security National Financial Corp. is a diversified provider of mortgage lending, settlement and technology services under the NASDAQ ticker SNFCA. Through its primary subsidiaries—Security National Mortgage Company and Titan Lenders Corp—the company originates and funds residential mortgage loans across retail, wholesale and correspondent channels. Its platform supports a full range of loan products, including conventional, government-insured and jumbo financing tailored to homebuyers and investors.

Established in 1989, Security National Mortgage Company operates a nationwide branch network in all 50 states, offering local origination backed by centralized underwriting and closing services.

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