In last trading session, Palomar Holdings Inc. (NASDAQ:PLMR) saw 0.36 million shares changing hands with its beta currently measuring 0. Company’s recent per share price level of $51.67 trading at -$2.16 or -4.01% at ring of the bell on the day assigns it a market valuation of $1.29B. That closing price of PLMR’s stock is at a discount of -123.34% from its 52-week high price of $115.40 and is indicating a discount of -3.7% from its 52-week low price of $53.58. Taking a look at company’s average trading volume of 123.03K if we extend that period to 3-months.
Palomar Holdings Inc. (NASDAQ:PLMR) trade information
Upright in the red during last session for losing -4.01%, in the last five days PLMR remained trading in the red while hitting it’s week-highest on Monday, 01/10/22 when the stock touched $51.67 price level, adding 12.01% to its value on the day. Palomar Holdings Inc.’s shares saw a change of -20.23% in year-to-date performance and have moved -12.56% in past 5-day. Palomar Holdings Inc. (NASDAQ:PLMR) showed a performance of -18.58% in past 30-days.
Palomar Holdings Inc. (PLMR) estimates and forecasts
Statistics highlight that Palomar Holdings Inc. is scoring comparatively higher than the scores of other players of the relevant industry. The company lost -29.87% of value to its shares in past 6 months, showing an annual growth rate of 462.86% while that of industry is 16.20. Apart from that, the company came raising its revenue forecast for fiscal year 2022. The company is estimating its revenue growth to increase by 1,400.00% in the current quarter and calculating -5.50% decrease in the next quarter. This year revenue growth is estimated to rise 48.40% from the last financial year’s standing.
4 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $139.84 million for the same. And 3 analysts are in estimates of company making revenue of $147.47 million in the next quarter that will end on Mar 2022. Company posted $96.09 million and $103.58 million of sales in current and next quarters respectively a year earlier. Analysts are expecting this quarter sales to grow by 45.50% while estimating it to be 42.40% for the next quarter.
Palomar Holdings Inc. is more likely to be releasing its next quarterly report between February 22 and February 28 and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.
Palomar Holdings Inc. (NASDAQ:PLMR)’s Major holders
Insiders are in possession of 4.83% of company’s total shares while institution are holding 97.20 percent of that, with stock having share float percentage of 102.13%. Investors also watch the number of corporate investors in a company very closely, which is 97.20% institutions for Palomar Holdings Inc. that are currently holding shares of the company. Blackrock Inc. is the top institutional holder at PLMR for having 3.52 million shares of worth $284.31 million. And as of Sep 29, 2021, it was holding 13.84% of the company’s outstanding shares.
The second largest institutional holder is Vanguard Group, Inc. (The), which was holding about 2.05 million shares on Sep 29, 2021. The number of shares represents firm’s hold over 8.08% of outstanding shares, having a total worth of $165.97 million.
On the other hand, iShares Core S&P Smallcap ETF and Vanguard Total Stock Market Index Fund are the top two Mutual Funds which own company’s shares. As of Oct 30, 2021, the former fund manager was holding 1.62 million shares of worth $148.49 million or 6.39% of the total outstanding shares. The later fund manager was in possession of 0.69 million shares on Sep 29, 2021, making its stake of worth around $55.7 million in the company or a holder of 2.71% of company’s stock.