Roumell Asset Management LLC raised its position in shares of Hallmark Financial Services, Inc. (NASDAQ:HALL) by 23.1% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 177,327 shares of the insurance provider’s stock after purchasing an additional 33,227 shares during the period. Hallmark Financial Services comprises 4.8% of Roumell Asset Management LLC’s portfolio, making the stock its 12th biggest position. Roumell Asset Management LLC owned 0.98% of Hallmark Financial Services worth $2,059,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of HALL. Wells Fargo & Company MN increased its holdings in shares of Hallmark Financial Services by 73.3% in the 3rd quarter. Wells Fargo & Company MN now owns 13,921 shares of the insurance provider’s stock valued at $161,000 after acquiring an additional 5,889 shares during the period. Russell Investments Group Ltd. grew its stake in Hallmark Financial Services by 53.6% during the 3rd quarter. Russell Investments Group Ltd. now owns 683,080 shares of the insurance provider’s stock worth $7,930,000 after buying an additional 238,254 shares during the last quarter. Boston Partners grew its stake in Hallmark Financial Services by 121.7% during the 3rd quarter. Boston Partners now owns 457,600 shares of the insurance provider’s stock worth $5,313,000 after buying an additional 251,200 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its stake in Hallmark Financial Services by 161.1% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 28,986 shares of the insurance provider’s stock worth $327,000 after buying an additional 17,886 shares during the last quarter. Finally, State Street Corp grew its stake in Hallmark Financial Services by 6.3% during the 2nd quarter. State Street Corp now owns 221,507 shares of the insurance provider’s stock worth $2,495,000 after buying an additional 13,139 shares during the last quarter. 64.97% of the stock is owned by institutional investors and hedge funds.

Hallmark Financial Services, Inc. (HALL) opened at $10.38 on Tuesday. Hallmark Financial Services, Inc. has a one year low of $9.91 and a one year high of $12.09. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.43 and a quick ratio of 0.43.

Separately, TheStreet downgraded Hallmark Financial Services from a “b-” rating to a “c” rating in a research note on Friday, August 18th.

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Hallmark Financial Services Profile

Hallmark Financial Services, Inc is an insurance holding company. The Company markets, distributes, underwrites and services its property/casualty insurance products to businesses and individuals. Its business involves marketing, distributing, underwriting and servicing insurance products, as well as providing other insurance related services.

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Institutional Ownership by Quarter for Hallmark Financial Services (NASDAQ:HALL)

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