Kestrel Shares Hold at $11, Attention Turns to Filings
Kestrel Group Ltd closed at $11.15 Tuesday on Nasdaq, valuing the specialty insurer at about $86.7 million after trading 6,500 shares. First-quarter results showed $10.2 million in revenue and a $7.4 million net loss, with Program Services fee income at $1.6 million. One client accounted for 77.5% of fee revenue. The stock remains near its yearly low after ranging from $8.07 to $36.80.
