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Slideshow Secondary Stock Offerings

By The Online Investor Staff, updated Tue., Jan. 21, 4:13 PM

Slide #12. Palomar Holdings, Inc. Secondary Offering

Company: Palomar Holdings, Inc. (NASDAQ:PLMR)
Date announced: 1/7/2020
Shares Offered: 5,000,000
Date of Pricing: 1/9/2020
Price Per Share: $49.00
Secondary Offering Details: Palomar Holdings, Inc. (NASDAQ:PLMR) ("Palomar" or "Company") today announced the underwritten public offering of 5,000,000 shares of the Company's common stock, par value $0.0001 per share (the "Common Stock"), which consists of 750,000 shares of Common Stock offered by the Company and 4,250,000 shares of Common Stock offered by certain selling stockholders, including affiliates of Genstar Capital (the "Genstar Affiliates"). In addition, the Genstar Affiliates intend to grant the underwriters of the offering an option, exercisable within 30 days from the date of the final prospectus relating to the offering, to purchase up to an additional 750,000 shares of Common Stock at the public offering price, less underwriting discounts and commissions. The Company intends to use the net proceeds that it will receive from the offering for general corporate purposes, including to fund future growth. The Company will not receive any proceeds from the sale of the shares by the selling stockholders. -updated 1/9- Palomar Holdings, Inc. (NASDAQ:PLMR) ("Palomar" or the "Company") today announced the pricing of its previously announced underwritten public offering (the "Offering) of 5,000,000 shares of Palomar's common stock, par value $0.0001 per share (the "Common Stock"), which consists of 750,000 shares of Common Stock offered by the Company and 4,250,000 shares of Common Stock offered by certain selling stockholders, including affiliates of Genstar Capital (the "Genstar Affiliates"), at a public offering price of $49.00 per share. In addition, the underwriters have been granted a 30-day option to purchase up to 750,000 additional shares of common stock from the Genstar Affiliates at the public offering price, less underwriting discounts and commissions. The Company intends to use the net proceeds that it will receive from the offering for general corporate purposes, including to fund future growth. The Company will not receive any proceeds from the sale of the shares by the selling stockholders.

Palomar is a holding company. Through its subsidiaries, Co. provides specialty property insurance. Co. 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.

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Company Name:  Palomar Holdings Inc
Website:  www.PalomarSpecialty.com
Sector:  Insurance Brokers
Number of ETFs Holding PLMR:  22
Total Market Value Held by ETFs:  $52.95M
Total Market Capitalization:  $1.14B
% of Market Cap. Held by ETFs:  4.65%
 

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January 21, 2020    4:13 PM Eastern
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Strong Buy (3.62 out of 4)
68th percentile
(ranked higher than approx. 68% of all stocks covered)
Based on Zacks ABR data;
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