Kingsway Financial Services Inc. (NYSE:KFS) Director Joseph Stilwell Sells 100,000 Shares

Kingsway Financial Services Inc. (NYSE:KFS) (TSE:KFS) Director Joseph Stilwell sold 100,000 shares of the firm’s stock in a transaction on Friday, June 28th. The stock was sold at an average price of $8.13, for a total transaction of $813,000.00. Following the completion of the sale, the director now owns 640,108 shares in the company, valued at $5,204,078.04. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

Kingsway Financial Services Stock Up 0.5 %

NYSE KFS opened at $8.22 on Wednesday. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.57 and a current ratio of 0.57. The company’s fifty day moving average is $8.24 and its two-hundred day moving average is $8.43. Kingsway Financial Services Inc. has a 52-week low of $6.25 and a 52-week high of $9.48.

Kingsway Financial Services (NYSE:KFS) (TSE:KFS) last posted its quarterly earnings results on Wednesday, May 8th. The insurance provider reported ($0.08) earnings per share (EPS) for the quarter. The company had revenue of $26.16 million during the quarter. Kingsway Financial Services had a negative return on equity of 24.36% and a negative net margin of 6.57%.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered shares of Kingsway Financial Services from a “hold” rating to a “sell” rating in a research report on Friday, June 14th.

Hedge Funds Weigh In On Kingsway Financial Services

A number of hedge funds and other institutional investors have recently made changes to their positions in KFS. Belpointe Asset Management LLC lifted its holdings in shares of Kingsway Financial Services by 333.4% during the 3rd quarter. Belpointe Asset Management LLC now owns 421,878 shares of the insurance provider’s stock worth $3,185,000 after acquiring an additional 324,534 shares during the period. Strs Ohio lifted its holdings in shares of Kingsway Financial Services by 34.5% during the 4th quarter. Strs Ohio now owns 59,300 shares of the insurance provider’s stock worth $498,000 after acquiring an additional 15,200 shares during the period. Wasatch Advisors LP lifted its holdings in shares of Kingsway Financial Services by 14.6% during the 4th quarter. Wasatch Advisors LP now owns 828,552 shares of the insurance provider’s stock worth $6,960,000 after acquiring an additional 105,751 shares during the period. Greenhaven Road Investment Management L.P. lifted its holdings in shares of Kingsway Financial Services by 26.2% during the 4th quarter. Greenhaven Road Investment Management L.P. now owns 403,395 shares of the insurance provider’s stock worth $3,388,000 after acquiring an additional 83,641 shares during the period. Finally, BNP Paribas Financial Markets lifted its holdings in shares of Kingsway Financial Services by 193.0% during the 1st quarter. BNP Paribas Financial Markets now owns 9,679 shares of the insurance provider’s stock worth $81,000 after acquiring an additional 6,376 shares during the period. 72.38% of the stock is owned by institutional investors.

Kingsway Financial Services Company Profile

Kingsway Financial Services Inc, through its subsidiaries, engages in the extended warranty and business services in the United States. The company operates through two segments, Extended Warranty and Kingsway Search Xcelerator. The Extended Warranty segment markets, sells, and administers vehicle service agreements and related products for new and used automobiles, motorcycles, and ATVs.