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 on Friday, June 28th. The stock was sold at an average price of $8.13, for a total value of $813,000.00. Following the transaction, the director now directly owns 640,108 shares of the company’s stock, valued at $5,204,078.04. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Kingsway Financial Services Stock Down 2.7 %

KFS stock opened at $8.00 on Friday. The stock has a 50-day moving average price of $8.21 and a 200-day moving average price of $8.43. Kingsway Financial Services Inc. has a 1-year low of $6.25 and a 1-year 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.

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

Analyst Upgrades and Downgrades

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

Institutional Trading of Kingsway Financial Services

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Swedbank AB bought a new stake in Kingsway Financial Services in the 1st quarter valued at about $2,085,000. Vanguard Group Inc. boosted its stake 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 valued at $4,065,000 after purchasing an additional 14,981 shares during the last quarter. BNP Paribas Financial Markets boosted its stake in 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 valued at $81,000 after purchasing an additional 6,376 shares during the last quarter. Greenhaven Road Investment Management L.P. boosted its stake in 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 valued at $3,388,000 after purchasing an additional 83,641 shares during the last quarter. Finally, Wasatch Advisors LP boosted its stake in Kingsway Financial Services by 14.6% during the 4th 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 last quarter. 72.38% of the stock is owned by institutional investors.

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.