Kingsway Financial Services Inc. (NYSE:KFS) Director Sells $813,000.00 in Stock

Kingsway Financial Services Inc. (NYSE:KFS) (TSE:KFS) Director Joseph Stilwell sold 100,000 shares of the firm’s stock in a transaction dated 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 transaction, 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 accessible through this hyperlink.

Kingsway Financial Services Stock Performance

Shares of NYSE KFS opened at $7.99 on Thursday. Kingsway Financial Services Inc. has a 12-month low of $6.25 and a 12-month high of $9.48. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.57 and a quick ratio of 0.57. The stock’s 50 day simple moving average is $8.22 and its 200 day simple moving average is $8.43.

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

Institutional Trading of Kingsway Financial Services

Several hedge funds have recently bought and sold shares of KFS. Wasatch Advisors LP increased its stake in shares of Kingsway Financial Services by 14.6% in the fourth quarter. Wasatch Advisors LP now owns 828,552 shares of the insurance provider’s stock valued at $6,960,000 after purchasing an additional 105,751 shares during the period. Belpointe Asset Management LLC grew its holdings in Kingsway Financial Services by 333.4% in the 3rd quarter. Belpointe Asset Management LLC now owns 421,878 shares of the insurance provider’s stock worth $3,185,000 after buying an additional 324,534 shares in the last quarter. Greenhaven Road Investment Management L.P. increased its position in Kingsway Financial Services by 26.2% in the 4th quarter. Greenhaven Road Investment Management L.P. now owns 403,395 shares of the insurance provider’s stock valued at $3,388,000 after acquiring an additional 83,641 shares during the period. Strs Ohio raised its stake in Kingsway Financial Services by 34.5% during the 4th quarter. Strs Ohio now owns 59,300 shares of the insurance provider’s stock valued at $498,000 after acquiring an additional 15,200 shares in the last quarter. Finally, Vanguard Group Inc. boosted its position in Kingsway Financial Services by 3.2% during the 1st quarter. Vanguard Group Inc. now owns 487,353 shares of the insurance provider’s stock worth $4,065,000 after acquiring an additional 14,981 shares during the period. 72.38% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

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

About Kingsway Financial Services

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.