O Shaughnessy Asset Management LLC Has $197,000 Stake in Hallmark Financial Services, Inc. (NASDAQ:HALL)

O Shaughnessy Asset Management LLC lifted its holdings in shares of Hallmark Financial Services, Inc. (NASDAQ:HALL) by 62.1% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 18,960 shares of the insurance provider’s stock after acquiring an additional 7,261 shares during the quarter. O Shaughnessy Asset Management LLC owned 0.10% of Hallmark Financial Services worth $197,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. BlackRock Inc. grew its holdings in shares of Hallmark Financial Services by 2.4% during the fourth quarter. BlackRock Inc. now owns 825,859 shares of the insurance provider’s stock valued at $8,828,000 after purchasing an additional 19,327 shares during the last quarter. Bank of Montreal Can boosted its position in shares of Hallmark Financial Services by 1.0% during the first quarter. Bank of Montreal Can now owns 603,761 shares of the insurance provider’s stock worth $6,280,000 after buying an additional 5,854 shares during the period. Teton Advisors Inc. boosted its position in shares of Hallmark Financial Services by 2.8% during the first quarter. Teton Advisors Inc. now owns 188,930 shares of the insurance provider’s stock worth $1,965,000 after buying an additional 5,070 shares during the period. Geode Capital Management LLC boosted its position in shares of Hallmark Financial Services by 5.5% during the fourth quarter. Geode Capital Management LLC now owns 116,798 shares of the insurance provider’s stock worth $1,248,000 after buying an additional 6,041 shares during the period. Finally, Hodges Capital Management Inc. lifted its position in Hallmark Financial Services by 350.0% in the fourth quarter. Hodges Capital Management Inc. now owns 72,385 shares of the insurance provider’s stock worth $774,000 after purchasing an additional 56,300 shares during the period. 64.16% of the stock is currently owned by institutional investors and hedge funds.

Shares of NASDAQ HALL traded up $0.26 during mid-day trading on Monday, reaching $14.49. The company had a trading volume of 98,100 shares, compared to its average volume of 41,675. The firm has a market capitalization of $257.89 million, a PE ratio of 14.35 and a beta of 0.67. Hallmark Financial Services, Inc. has a twelve month low of $9.48 and a twelve month high of $14.99. The stock has a 50 day simple moving average of $12.79. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.49 and a quick ratio of 0.49.

Hallmark Financial Services (NASDAQ:HALL) last released its quarterly earnings results on Wednesday, May 8th. The insurance provider reported $0.31 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.20 by $0.11. Hallmark Financial Services had a net margin of 6.12% and a return on equity of 7.42%. The company had revenue of $104.45 million during the quarter, compared to analysts’ expectations of $94.18 million. Sell-side analysts forecast that Hallmark Financial Services, Inc. will post 1.35 EPS for the current fiscal year.

HALL has been the topic of several research reports. TheStreet raised Hallmark Financial Services from a “c” rating to a “b” rating in a report on Wednesday, May 29th. Boenning Scattergood reaffirmed a “hold” rating on shares of Hallmark Financial Services in a report on Wednesday, March 6th. ValuEngine raised Hallmark Financial Services from a “hold” rating to a “buy” rating in a report on Friday, June 21st. Zacks Investment Research raised shares of Hallmark Financial Services from a “hold” rating to a “strong-buy” rating and set a $12.00 target price on the stock in a research note on Thursday, March 7th. Finally, BidaskClub raised shares of Hallmark Financial Services from a “buy” rating to a “strong-buy” rating in a research note on Monday, June 24th. One analyst has rated the stock with a hold rating, two have assigned a buy rating and two have issued a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $13.00.

Hallmark Financial Services Profile

Hallmark Financial Services, Inc, through its subsidiaries, underwrites, markets, distributes, and services property/casualty insurance products to businesses and individuals in the United States. The company operates in the Specialty Commercial, Standard Commercial, and Personal segments. The Specialty Commercial segment markets, underwrites, finances, and services commercial lines of insurance products, including commercial automobile, general liability, commercial property, commercial excess liability, and commercial umbrella insurance products.

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Institutional Ownership by Quarter for Hallmark Financial Services (NASDAQ:HALL)

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