Cornercap Investment Counsel Inc. Purchases 1,565 Shares of Hallmark Financial Services, Inc. (HALL)

Cornercap Investment Counsel Inc. Purchases 1,565 Shares of Hallmark Financial Services, Inc. (HALL)

Cornercap Investment Counsel Inc. boosted its stake in shares of Hallmark Financial Services, Inc. (NASDAQ:HALL) by 3.9% during the fourth quarter, Holdings Channel reports. The firm owned 41,555 shares of the company’s stock after buying an additional 1,565 shares during the period. Cornercap Investment Counsel Inc. owned about 0.22% of Hallmark Financial Services worth $483,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the stock. The Manufacturers Life Insurance Company purchased a new position in Hallmark Financial Services during the third quarter valued at approximately $116,000. Hancock Holding Co. boosted its position in Hallmark Financial Services by 12.6% in the third quarter. Hancock Holding Co. now owns 11,732 shares of the company’s stock valued at $121,000 after buying an additional 1,316 shares during the period. Alpine Woods Capital Investors LLC purchased a new position in Hallmark Financial Services during the third quarter valued at approximately $144,000. TFS Capital LLC purchased a new position in Hallmark Financial Services during the second quarter valued at approximately $150,000. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its position in Hallmark Financial Services by 2.1% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 14,600 shares of the company’s stock valued at $150,000 after buying an additional 300 shares during the period. 62.70% of the stock is owned by hedge funds and other institutional investors.

Hallmark Financial Services, Inc. (NASDAQ:HALL) traded down 1.10% during midday trading on Friday, reaching $10.78. The company had a trading volume of 1,175 shares. The stock has a market cap of $200.63 million, a P/E ratio of 14.97 and a beta of 0.90. The firm has a 50-day moving average of $11.42 and a 200-day moving average of $10.81. Hallmark Financial Services, Inc. has a 12 month low of $9.50 and a 12 month high of $12.09.

HALL has been the subject of a number of recent research reports. TheStreet raised Hallmark Financial Services from a “hold” rating to a “buy” rating in a report on Monday, October 10th. Zacks Investment Research cut Hallmark Financial Services from a “hold” rating to a “strong sell” rating in a report on Monday.

Hallmark Financial Services Company Profile

Hallmark Financial Services, Inc is an insurance holding company. The Company markets, distributes, underwrites and services its property/casualty insurance products to businesses and individuals. Its business involves marketing, distributing, underwriting and servicing insurance products, as well as providing other insurance related services.

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