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Wednesday, 02/24/2016 10:17:41 AM

Wednesday, February 24, 2016 10:17:41 AM

Post# of 105
Edward E Snow recently revealed that they own 5.6% of Patriot National Inc (NYSE:PN) in a Schedule 13G disclosure that was filed with the SEC on Tuesday, February 23rd. The investor owns 1,579,176 shares of the stock worth about $9,411,889. The disclosure is available through EDGAR at this link.

Other large investors also recently added to or reduced their stakes in the company. Bank of America Corp DE increased its stake in Patriot National by 31,849.4% in the fourth quarter. Bank of America Corp DE now owns 285,947 shares of the company’s stock worth $1,918,000 after buying an additional 285,052 shares during the period. Fifth Third Bancorp increased its stake in Patriot National by 145.5% in the fourth quarter. Fifth Third Bancorp now owns 801,400 shares of the company’s stock worth $5,377,000 after buying an additional 475,000 shares during the period. Wells Fargo & Company MN increased its stake in Patriot National by 15.7% in the fourth quarter. Wells Fargo & Company MN now owns 616,482 shares of the company’s stock worth $4,136,000 after buying an additional 83,828 shares during the period. Finally, Brown Advisory Inc. increased its stake in Patriot National by 2.8% in the fourth quarter. Brown Advisory Inc. now owns 854,146 shares of the company’s stock worth $5,732,000 after buying an additional 23,147 shares during the period.

Shares of Patriot National Inc (NYSE:PN) traded down 2.45% during midday trading on Tuesday, reaching $5.96. 209,027 shares of the company traded hands. The stock’s market capitalization is $161.22 million. Patriot National Inc has a 12 month low of $4.97 and a 12 month high of $19.32. The company’s 50 day moving average is $6.13 and its 200-day moving average is $11.93.



PN has been the topic of a number of research analyst reports. BMO Capital Markets reissued an “outperform” rating and issued a $15.00 price target (down from $21.00) on shares of Patriot National in a research note on Tuesday, December 15th. Compass Point reduced their price target on shares of Patriot National from $20.00 to $17.00 and set a “buy” rating on the stock in a research note on Thursday, December 17th. William Blair downgraded shares of Patriot National from an “outperform” rating to a “market perform” rating in a research note on Friday, December 18th. Finally, Zacks Investment Research downgraded shares of Patriot National from a “strong-buy” rating to a “hold” rating in a research note on Sunday, January 17th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $17.00.

In related news, insider Timothy J. Ermatinger sold 7,500 shares of the stock in a transaction dated Tuesday, December 1st. The shares were sold at an average price of $14.31, for a total value of $107,325.00. Following the sale, the insider now directly owns 40,882 shares of the company’s stock, valued at approximately $585,021.42. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

http://www.americanbankingnews.com/2016/02/23/...ed-by-edward-e-snow/

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