Kingsway Financial Services Inc. (NYSE:KFS – Get Rating) (TSE:KFS) shares crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $5.64 and traded as high as $7.45. Kingsway Financial Services shares last traded at $7.39, with a volume of 3,535 shares trading hands.
Analyst Upgrades and Downgrades
Separately, TheStreet upgraded Kingsway Financial Services from a “d+” rating to a “c” rating in a report on Wednesday, May 4th.
Kingsway Financial Services Stock Performance
The company has a quick ratio of 0.19, a current ratio of 0.19 and a debt-to-equity ratio of 9.67. The firm has a 50-day moving average of $6.10 and a 200 day moving average of $5.64. The stock has a market capitalization of $178.36 million, a P/E ratio of -32.13 and a beta of -0.15.
Insider Activity at Kingsway Financial Services
In other Kingsway Financial Services news, Director Gregory Paul Hannon acquired 28,986 shares of Kingsway Financial Services stock in a transaction on Thursday, June 30th. The shares were purchased at an average cost of $5.67 per share, with a total value of $164,350.62. Following the completion of the purchase, the director now owns 2,624,444 shares in the company, valued at $14,880,597.48. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, Director Gregory Paul Hannon acquired 28,986 shares of the stock in a transaction that occurred on Thursday, June 30th. The stock was acquired at an average price of $5.67 per share, for a total transaction of $164,350.62. Following the transaction, the director now directly owns 2,624,444 shares in the company, valued at $14,880,597.48. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Oakmont Capital Inc acquired 9,699 shares of the company’s stock in a transaction that occurred on Wednesday, June 22nd. The shares were bought at an average price of $5.29 per share, for a total transaction of $51,307.71. Following the completion of the acquisition, the insider now owns 2,477,736 shares of the company’s stock, valued at $13,107,223.44. The disclosure for this purchase can be found here. Insiders acquired 166,233 shares of company stock valued at $906,258 over the last ninety days. 56.40% of the stock is owned by insiders.
Institutional Trading of Kingsway Financial Services
Several institutional investors and hedge funds have recently bought and sold shares of the business. Stilwell Value LLC lifted its position in Kingsway Financial Services by 3.0% during the second quarter. Stilwell Value LLC now owns 7,613,272 shares of the insurance provider’s stock worth $43,396,000 after acquiring an additional 221,808 shares during the last quarter. Vanguard Group Inc. lifted its holdings in Kingsway Financial Services by 17.1% during the 1st quarter. Vanguard Group Inc. now owns 547,719 shares of the insurance provider’s stock worth $3,012,000 after purchasing an additional 79,836 shares during the last quarter. Renaissance Technologies LLC boosted its stake in Kingsway Financial Services by 4.7% in the 2nd quarter. Renaissance Technologies LLC now owns 400,998 shares of the insurance provider’s stock valued at $2,286,000 after purchasing an additional 18,183 shares during the period. Finally, State Street Corp lifted its holdings in shares of Kingsway Financial Services by 55.2% during the second quarter. State Street Corp now owns 32,521 shares of the insurance provider’s stock worth $185,000 after buying an additional 11,572 shares in the last quarter. Institutional investors own 74.59% of the company’s stock.
About Kingsway Financial Services
Kingsway Financial Services Inc, through its subsidiaries, engages in the extended warranty business services, asset management, and real estate businesses. The company operates through three segments: Extended Warranty, Leased Real Estate, 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.
Featured Stories
Receive News & Ratings for Kingsway Financial Services Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Kingsway Financial Services and related companies with MarketBeat.com’s FREE daily email newsletter.