Protective Insurance Corp (NASDAQ:PTVCA) was the recipient of a significant decline in short interest during the month of August. As of August 31st, there was short interest totalling 500 shares, a decline of 50.0% from the July 31st total of 1,000 shares. Based on an average daily volume of 600 shares, the days-to-cover ratio is currently 0.8 days. Currently, 0.0% of the company’s shares are short sold.

PTVCA stock traded down $0.04 during midday trading on Friday, hitting $15.56. The company had a trading volume of 2,900 shares, compared to its average volume of 2,014. Protective Insurance has a 52 week low of $15.05 and a 52 week high of $23.35. The stock’s 50 day moving average price is $16.08 and its 200 day moving average price is $17.29.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 3rd. Shareholders of record on Tuesday, August 20th were given a $0.10 dividend. The ex-dividend date of this dividend was Monday, August 19th. This represents a $0.40 annualized dividend and a yield of 2.57%.

Hedge funds have recently made changes to their positions in the business. Capital Returns Management LLC raised its holdings in shares of Protective Insurance by 0.4% during the second quarter. Capital Returns Management LLC now owns 224,302 shares of the company’s stock valued at $3,896,000 after acquiring an additional 911 shares in the last quarter. Wells Fargo & Company MN raised its holdings in shares of Protective Insurance by 10.7% during the second quarter. Wells Fargo & Company MN now owns 141,289 shares of the company’s stock valued at $2,331,000 after acquiring an additional 13,712 shares in the last quarter. Finally, Arbiter Partners Capital Management LLC raised its holdings in shares of Protective Insurance by 30.1% during the second quarter. Arbiter Partners Capital Management LLC now owns 97,037 shares of the company’s stock valued at $1,601,000 after acquiring an additional 22,425 shares in the last quarter. Hedge funds and other institutional investors own 4.12% of the company’s stock.

About Protective Insurance

Protective Insurance Corporation, through its subsidiaries, engages in marketing and underwriting property and casualty insurance products. The company offers a range of fleet transportation insurance products, including commercial motor vehicle liability, physical damage, and general liability insurance; workers compensation insurance; medical and indemnity insurance products; non-trucking motor vehicle liability insurance; fidelity and surety bonds; and inland marine products consisting of cargo insurance.

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