Kingsway Financial Services Inc. (NYSE:KFS) Director Sells $219,500.00 in Stock

Kingsway Financial Services Inc. (NYSE:KFS) (TSE:KFS) Director Joseph Stilwell sold 25,000 shares of the firm’s stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $8.78, for a total value of $219,500.00. Following the sale, the director now owns 636,159 shares in the company, valued at $5,585,476.02. This trade represents a 3.78 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Kingsway Financial Services Price Performance

Shares of KFS stock opened at $8.98 on Friday. Kingsway Financial Services Inc. has a 1-year low of $7.10 and a 1-year high of $9.58. The company has a quick ratio of 0.41, a current ratio of 0.41 and a debt-to-equity ratio of 1.20. The stock has a 50 day simple moving average of $8.70 and a 200-day simple moving average of $8.31.

Hedge Funds Weigh In On Kingsway Financial Services

A number of large investors have recently added to or reduced their stakes in the stock. BNP Paribas Financial Markets grew its position in shares of Kingsway Financial Services by 36.4% in the third quarter. BNP Paribas Financial Markets now owns 6,526 shares of the insurance provider’s stock valued at $54,000 after purchasing an additional 1,742 shares during the period. Rhumbline Advisers lifted its stake in Kingsway Financial Services by 25.8% in the 2nd quarter. Rhumbline Advisers now owns 12,352 shares of the insurance provider’s stock valued at $102,000 after buying an additional 2,534 shares in the last quarter. Barclays PLC boosted its holdings in Kingsway Financial Services by 325.5% in the 3rd quarter. Barclays PLC now owns 18,269 shares of the insurance provider’s stock worth $150,000 after buying an additional 13,975 shares during the last quarter. DHK Financial Advisors Inc. purchased a new stake in Kingsway Financial Services during the 2nd quarter worth approximately $303,000. Finally, Bank of New York Mellon Corp raised its holdings in shares of Kingsway Financial Services by 21.9% during 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 acquiring an additional 6,778 shares during the last quarter. 72.38% of the stock is currently owned by institutional investors and hedge funds.

Kingsway Financial Services Company 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.