Hudson Bay Capital Management Lp adds Patriot National Inc (PN) to its portfolio

Patriot National Inc (PN) : Hudson Bay Capital Management Lp added new position in Patriot National Inc during the most recent quarter end. The investment management firm now holds 1,354,646 shares of Patriot National Inc which is valued at $12,936,869 , the company said in a statement filed on Aug 10, 2016 with the SEC.Patriot National Inc makes up approximately 1.27% of Hudson Bay Capital Management Lp’s portfolio.

Other Hedge Funds, Including , Vanguard Group Inc boosted its stake in PN in the latest quarter, The investment management firm added 20,287 additional shares and now holds a total of 375,516 shares of Patriot National Inc which is valued at $3,586,178.Gsa Capital Partners Llp boosted its stake in PN in the latest quarter, The investment management firm added 71,351 additional shares and now holds a total of 83,000 shares of Patriot National Inc which is valued at $792,650. Patriot National Inc makes up approx 0.04% of Gsa Capital Partners Llp’s portfolio.California State Teachers Retirement System boosted its stake in PN in the latest quarter, The investment management firm added 4,624 additional shares and now holds a total of 22,807 shares of Patriot National Inc which is valued at $214,386. Nisa Investment Advisors added PN to its portfolio by purchasing 2,500 company shares during the most recent quarter which is valued at $18,525. Cutler Group Lp added PN to its portfolio by purchasing 100 company shares during the most recent quarter which is valued at $772.

Patriot National Inc opened for trading at $8.9 and hit $9.18 on the upside on Friday, eventually ending the session at $9.02, with a gain of 0.89% or 0.08 points. The heightened volatility saw the trading volume jump to 2,90,224 shares. Company has a market cap of $242 M.

Many Wall Street Analysts have commented on Patriot National Inc. Compass Point Downgraded Patriot National Inc on May 13, 2016 to ” Neutral”, Price Target of the shares are set at $10.

Patriot National Inc. is a national provider of outsourcing solutions within the workers’ compensation marketplace for insurance companies employers local governments and reinsurance captives. The Company offers two types of services: brokerage underwriting and policyholder services (or brokerage and policyholder services) and claims administration services. It also provides claims investigations loss control service administration claimant transportation and translation claims subrogation services healthcare cost containment services claim lien negotiation services and reinsurance management services. Its brokerage and policyholder services include general agency services specialty underwriting and policyholder services. Its underwriting services include investigation and analysis of potential loss exposures. Its claims administration services relate to the administration and resolution of workers’ compensation claims. It also offers pre-employment screening services.

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