Kingsway Financial Services Inc. (NYSE:KFS) Shares Bought by Annandale Capital LLC

Annandale Capital LLC increased its position in Kingsway Financial Services Inc. (NYSE:KFS) (TSE:KFS) by 2.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 128,200 shares of the insurance provider’s stock after buying an additional 3,200 shares during the period. Annandale Capital LLC owned about 0.46% of Kingsway Financial Services worth $1,056,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of KFS. BNP Paribas Financial Markets grew its stake in Kingsway Financial Services by 193.0% in 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. Rhumbline Advisers grew its position in shares of Kingsway Financial Services by 25.8% in the second quarter. Rhumbline Advisers now owns 12,352 shares of the insurance provider’s stock valued at $102,000 after purchasing an additional 2,534 shares during the period. DHK Financial Advisors Inc. purchased a new stake in shares of Kingsway Financial Services in the second quarter valued at $303,000. Bank of New York Mellon Corp increased its stake in Kingsway Financial Services by 21.9% in the second quarter. Bank of New York Mellon Corp now owns 37,793 shares of the insurance provider’s stock valued at $311,000 after purchasing an additional 6,778 shares during the last quarter. Finally, Swedbank AB purchased a new position in Kingsway Financial Services during the first quarter worth about $2,085,000. Hedge funds and other institutional investors own 72.38% of the company’s stock.

Kingsway Financial Services Stock Up 1.5 %

Shares of NYSE KFS opened at $8.10 on Friday. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.55 and a quick ratio of 0.55. The firm has a fifty day moving average of $8.07 and a 200-day moving average of $8.22. 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 Tuesday, August 6th. The insurance provider reported ($0.09) earnings per share (EPS) for the quarter. The firm had revenue of $26.45 million for the quarter. Kingsway Financial Services had a negative net margin of 7.45% and a negative return on equity of 24.54%.

Wall Street Analysts Forecast Growth

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

Kingsway Financial Services 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.