Long Position on PLMR @ $23.00 on 6/4/2019 (Momentum)

Palomar Holdings, Inc. (PLMR) provides specialty property insurance.

The company offers personal and commercial specialty property insurance products, including residential and commercial earthquake, specialty homeowners, commercial all-risk, hawaii hurricane, residential flood, and real estate investor. Palomar Holdings, Inc. was formerly known as GC Palomar Holdings.

The company was incorporated in 2013 and is based in La Jolla, California. Palomar Holdings, Inc. is a subsidiary of Genstar Capital. Shares of this recent IPO have formed a bullish "cup and handle" and are expected to move higher from this formation.

On May 16th, Palomar Holdings (PLMR) reported 1st Quarter March 2019 earnings of $0.52 per share on revenue of $22.3 million. The consensus earnings estimate was $0.40 per share. Higher share prices are expected but be sure to use a limit order.

Entry Point: $23.00

Stop Loss: $21.00

Trading Range: $18.06 - $24.75

Target Price: $25.50

Updates

7/15/2019 12:37:20 PM

PLMR closed at $25.60

Position closed on 7/15/2019 at price of $25.60 with a 11.30% gain in 41 days.

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