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The National Security Group, Inc. (NASDAQ:NSEC – Get Rating) saw a large decline in short interest during the month of May. As of May 31st, there was short interest totalling 8,100 shares, a decline of 21.4% from the May 15th total of 10,300 shares. Based on an average daily volume of 1,300 shares, the short-interest ratio is currently 6.2 days. Approximately 0.7% of the company’s stock are short sold.
NSEC opened at $16.23 on Wednesday. The company has a 50-day moving average of $16.25 and a 200-day moving average of $14.11. The company has a market capitalization of $41.06 million, a P/E ratio of 50.72 and a beta of -0.43. The National Security Group has a 1-year low of $8.91 and a 1-year high of $16.48. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.36 and a current ratio of 0.36.
The National Security Group (NASDAQ:NSEC – Get Rating) last released its earnings results on Monday, May 16th. The insurance provider reported $0.38 earnings per share for the quarter. The National Security Group had a net margin of 1.24% and a return on equity of 1.92%. The company had revenue of $16.23 million during the quarter.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, May 31st. Investors of record on Monday, May 9th were given a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.48%. The ex-dividend date of this dividend was Friday, May 6th. The National Security Group’s dividend payout ratio is presently 75.00%.
An institutional investor recently bought a new position in The National Security Group stock. PenderFund Capital Management Ltd. acquired a new stake in shares of The National Security Group, Inc. (NASDAQ:NSEC – Get Rating) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 10,845 shares of the insurance provider’s stock, valued at approximately $217,000. PenderFund Capital Management Ltd. owned about 0.43% of The National Security Group as of its most recent SEC filing. Institutional investors and hedge funds own 2.13% of the company’s stock.
The National Security Group Company Profile (Get Rating)
The National Security Group, Inc, an insurance holding company, provides insurance products and services in the United States. It operates in two segments, Property and Casualty (P&C) Insurance, and Life Insurance. The P&C Insurance segment primarily underwrites home insurance coverage with primary lines of business consisting of dwelling fire and extended coverage, mobile homeowners, and other liability insurance in Alabama, Arkansas, Florida, Georgia, Kentucky, Mississippi, Oklahoma, South Carolina, Tennessee, and West Virginia, as well as operates on a surplus lines basis in the state of Louisiana.
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