BNP Paribas Arbitrage SA Grows Position in Hallmark Financial Services, Inc. (NASDAQ:HALL)

BNP Paribas Arbitrage SA increased its holdings in shares of Hallmark Financial Services, Inc. (NASDAQ:HALL) by 547.1% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,763 shares of the insurance provider’s stock after acquiring an additional 2,336 shares during the quarter. BNP Paribas Arbitrage SA’s holdings in Hallmark Financial Services were worth $29,000 as of its most recent filing with the SEC.

Other large investors have also added to or reduced their stakes in the company. Acadian Asset Management LLC bought a new position in Hallmark Financial Services in the 4th quarter valued at about $45,000. O Shaughnessy Asset Management LLC increased its holdings in Hallmark Financial Services by 25.6% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 11,699 shares of the insurance provider’s stock valued at $125,000 after buying an additional 2,381 shares during the period. Rhumbline Advisers increased its holdings in Hallmark Financial Services by 35.6% in the 4th quarter. Rhumbline Advisers now owns 21,333 shares of the insurance provider’s stock valued at $228,000 after buying an additional 5,598 shares during the period. Hodges Capital Management Inc. boosted its stake in shares of Hallmark Financial Services by 350.0% in the 4th quarter. Hodges Capital Management Inc. now owns 72,385 shares of the insurance provider’s stock valued at $774,000 after purchasing an additional 56,300 shares in the last quarter. Finally, Geode Capital Management LLC boosted its stake in shares of Hallmark Financial Services by 5.5% in the 4th quarter. Geode Capital Management LLC now owns 116,798 shares of the insurance provider’s stock valued at $1,248,000 after purchasing an additional 6,041 shares in the last quarter. 64.16% of the stock is currently owned by institutional investors and hedge funds.

Several research firms recently commented on HALL. BidaskClub upgraded shares of Hallmark Financial Services from a “buy” rating to a “strong-buy” rating in a research report on Monday, June 24th. ValuEngine upgraded shares of Hallmark Financial Services from a “hold” rating to a “buy” rating in a research report on Friday, June 21st. TheStreet upgraded shares of Hallmark Financial Services from a “c” rating to a “b” rating in a research report on Wednesday, May 29th. Finally, Boenning Scattergood upgraded shares of Hallmark Financial Services from a “neutral” rating to an “outperform” rating and boosted their price target for the stock from $13.00 to $14.00 in a research report on Thursday, May 9th. One research 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 stock. The company presently has a consensus rating of “Buy” and a consensus price target of $13.00.

Shares of NASDAQ HALL traded up $0.12 during midday trading on Friday, reaching $14.72. The stock had a trading volume of 64,946 shares, compared to its average volume of 97,563. The firm has a 50 day simple moving average of $13.05. The company has a market cap of $266.77 million, a price-to-earnings ratio of 14.57 and a beta of 0.67. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.49 and a current ratio of 0.49. Hallmark Financial Services, Inc. has a twelve month low of $9.48 and a twelve month high of $14.99.

Hallmark Financial Services (NASDAQ:HALL) last released its quarterly earnings data on Wednesday, May 8th. The insurance provider reported $0.31 earnings per share for the quarter, beating the consensus estimate of $0.20 by $0.11. The company had revenue of $104.45 million during the quarter, compared to analyst estimates of $94.18 million. Hallmark Financial Services had a net margin of 6.12% and a return on equity of 7.42%. On average, equities research analysts expect that Hallmark Financial Services, Inc. will post 1.35 earnings per share for the current year.

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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