Security National Financial Co. (NASDAQ:SNFCA) Short Interest Up 30.4% in September

Security National Financial Co. (NASDAQ:SNFCA) was the target of a significant growth in short interest during the month of September. As of September 15th, there was short interest totalling 16,300 shares, a growth of 30.4% from the August 31st total of 12,500 shares. Based on an average daily volume of 63,200 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.1% of the company’s shares are short sold.

Institutional Investors Weigh In On Security National Financial

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. BNP Paribas Financial Markets raised its stake in shares of Security National Financial by 171.7% in the 1st quarter. BNP Paribas Financial Markets now owns 10,695 shares of the credit services provider’s stock valued at $85,000 after acquiring an additional 6,759 shares during the period. Point72 Asia Singapore Pte. Ltd. acquired a new stake in Security National Financial in the 2nd quarter valued at $103,000. Marshall Wace LLP acquired a new position in shares of Security National Financial during the second quarter worth about $106,000. Hillsdale Investment Management Inc. boosted its position in shares of Security National Financial by 45.8% in the first quarter. Hillsdale Investment Management Inc. now owns 22,300 shares of the credit services provider’s stock worth $176,000 after buying an additional 7,000 shares during the period. Finally, Hsbc Holdings PLC acquired a new stake in shares of Security National Financial in the second quarter valued at about $198,000. 45.58% of the stock is currently owned by institutional investors and hedge funds.

Security National Financial Stock Performance

Security National Financial stock traded up $0.25 during trading on Friday, reaching $9.16. The company had a trading volume of 27,515 shares, compared to its average volume of 46,944. Security National Financial has a 12-month low of $6.19 and a 12-month high of $9.29. The stock’s 50 day moving average price is $8.38 and its two-hundred day moving average price is $7.82. The firm has a market capitalization of $221.86 million, a price-to-earnings ratio of 10.45 and a beta of 1.02.

Security National Financial (NASDAQ:SNFCA) last announced its quarterly earnings data on Wednesday, August 14th. The credit services provider reported $0.30 earnings per share (EPS) for the quarter. The company had revenue of $85.79 million during the quarter. Security National Financial had a net margin of 6.72% and a return on equity of 6.89%.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered Security National Financial from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, August 13th.

About Security National Financial

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.