Short Interest in Security National Financial Corp (NASDAQ:SNFCA) Drops By 22.5%

Security National Financial Corp (NASDAQ:SNFCA) was the recipient of a significant decline in short interest during the month of January. As of January 15th, there was short interest totalling 48,300 shares, a decline of 22.5% from the December 31st total of 62,300 shares. Based on an average daily trading volume, of 14,100 shares, the days-to-cover ratio is currently 3.4 days. Currently, 0.6% of the company’s stock are sold short.

Security National Financial stock traded down $0.12 during midday trading on Monday, hitting $5.69. The stock had a trading volume of 3,394 shares, compared to its average volume of 14,051. The stock has a market cap of $105.04 million, a P/E ratio of 12.19 and a beta of 0.05. Security National Financial has a 12 month low of $4.38 and a 12 month high of $6.42. The business has a fifty day moving average price of $5.89 and a 200 day moving average price of $5.26.

Security National Financial (NASDAQ:SNFCA) last announced its quarterly earnings data on Thursday, November 14th. The credit services provider reported $0.21 earnings per share for the quarter. Security National Financial had a return on equity of 4.85% and a net margin of 3.20%. The firm had revenue of $75.38 million during the quarter.

The firm also recently disclosed a — dividend, which will be paid on Friday, February 7th. Stockholders of record on Friday, January 10th will be given a dividend of $5.00 per share. The ex-dividend date is Thursday, January 9th.

A hedge fund recently raised its stake in Security National Financial stock. BlackRock Inc. lifted its holdings in shares of Security National Financial Corp (NASDAQ:SNFCA) by 6.0% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 79,242 shares of the credit services provider’s stock after buying an additional 4,456 shares during the period. BlackRock Inc. owned approximately 0.45% of Security National Financial worth $398,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 14.04% of the company’s stock.

Separately, ValuEngine lowered Security National Financial from a “hold” rating to a “sell” rating in a report on Wednesday, January 22nd.

About Security National Financial

Security National Financial Corporation engages in life insurance, cemetery and mortuary, and mortgage businesses. The company operates through three segments: Life Insurance, Cemetery and Mortuary, and Mortgages. The Life Insurance segment is involved in selling and servicing lines of life insurance, annuity products, and accident and health insurance.

Further Reading: Trading Ex-Dividend

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