Long Position on PLMR @ $48.50 on 1/21/2020 (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.

Shares of this recent IPO are heading higher in an upward "trading channel" and are expected to move higher from this formation.

On November 4th, Palomar Holdings (PLMR) reported 3rd Quarter September 2019 earnings of $0.40 per share on revenue of $30.5 million. The consensus earnings estimate was $0.41 per share on revenue of $30.1 million.

Entry Point: $48.50

Trade Range: $18.06 to $56.7497

Stop Loss: $46.00

Target Price: $53.35

Updates

1/28/2020 12:49:29 PM

PLMR closed at $55.20

Position closed on 1/28/2020 at price of $55.20 with a 13.81% gain in 7 days.

Back to Portfolio