Kingstone Companies, Inc. (NASDAQ:KINS) Short Interest Up 19.2% in August

Kingstone Companies, Inc. (NASDAQ:KINS) was the target of a significant increase in short interest during the month of August. As of August 15th, there was short interest totalling 39,700 shares, an increase of 19.2% from the July 31st total of 33,300 shares. Based on an average trading volume of 91,000 shares, the short-interest ratio is presently 0.4 days. Approximately 0.5% of the shares of the company are sold short.

Kingstone Companies Price Performance

Kingstone Companies stock opened at $8.72 on Monday. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.37 and a quick ratio of 0.37. The business has a 50 day simple moving average of $6.81 and a 200-day simple moving average of $5.15. Kingstone Companies has a 12 month low of $1.51 and a 12 month high of $12.41. The stock has a market capitalization of $96.44 million, a PE ratio of -872,000.00 and a beta of 0.56.

Kingstone Companies (NASDAQ:KINS) last announced its quarterly earnings data on Monday, August 12th. The insurance provider reported $0.39 EPS for the quarter, hitting analysts’ consensus estimates of $0.39. The company had revenue of $36.50 million during the quarter, compared to the consensus estimate of $36.80 million. Kingstone Companies had a net margin of 3.74% and a return on equity of 13.61%. During the same quarter in the prior year, the firm earned ($0.06) EPS. Equities analysts predict that Kingstone Companies will post 1 earnings per share for the current year.

Institutional Investors Weigh In On Kingstone Companies

An institutional investor recently raised its position in Kingstone Companies stock. Dimensional Fund Advisors LP lifted its holdings in shares of Kingstone Companies, Inc. (NASDAQ:KINS) by 7.2% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 109,172 shares of the insurance provider’s stock after buying an additional 7,320 shares during the period. Dimensional Fund Advisors LP owned about 0.99% of Kingstone Companies worth $546,000 at the end of the most recent reporting period. 14.91% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. Janney Montgomery Scott started coverage on shares of Kingstone Companies in a research report on Tuesday, July 16th. They issued a “buy” rating and a $6.50 price target for the company. StockNews.com raised shares of Kingstone Companies from a “hold” rating to a “buy” rating in a report on Wednesday, August 21st.

Kingstone Companies Company Profile

Kingstone Companies, Inc, through its subsidiary, provides property and casualty insurance products to individuals in the United States. It offers personal line of insurance products, such as homeowners and dwelling fire, cooperative/condominiums, renters, and personal umbrella policies. The company also provides for-hire vehicle physical damage only policies for livery and car service vehicles and taxicabs; and canine legal liability policies.