Kingsway Financial Services Inc. (NYSE:KFS) Short Interest Update

Kingsway Financial Services Inc. (NYSE:KFS) (TSE:KFS) saw a significant growth in short interest in January. As of January 15th, there was short interest totalling 425,000 shares, a growth of 6.8% from the December 31st total of 398,000 shares. Approximately 2.1% of the shares of the stock are short sold. Based on an average trading volume of 43,900 shares, the short-interest ratio is presently 9.7 days.

Insider Buying and Selling

In other Kingsway Financial Services news, Director Joseph Stilwell sold 365,000 shares of the business’s stock in a transaction on Wednesday, December 18th. The shares were sold at an average price of $8.43, for a total value of $3,076,950.00. Following the completion of the sale, the director now directly owns 593,743 shares of the company’s stock, valued at $5,005,253.49. The trade was a 38.07 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Over the last ninety days, insiders purchased 1,177 shares of company stock worth $10,010. Corporate insiders own 54.75% of the company’s stock.

Hedge Funds Weigh In On Kingsway Financial Services

Several hedge funds and other institutional investors have recently modified their holdings of KFS. BNP Paribas Financial Markets raised its stake in shares of Kingsway Financial Services by 36.4% during the third quarter. BNP Paribas Financial Markets now owns 6,526 shares of the insurance provider’s stock valued at $54,000 after acquiring an additional 1,742 shares during the last quarter. Private Advisor Group LLC bought a new position in shares of Kingsway Financial Services during the fourth quarter valued at about $102,000. Barclays PLC raised its stake in shares of Kingsway Financial Services by 325.5% during the third quarter. Barclays PLC now owns 18,269 shares of the insurance provider’s stock valued at $150,000 after acquiring an additional 13,975 shares during the last quarter. JPMorgan Chase & Co. raised its stake in shares of Kingsway Financial Services by 368.2% during the third quarter. JPMorgan Chase & Co. now owns 28,532 shares of the insurance provider’s stock valued at $236,000 after acquiring an additional 22,438 shares during the last quarter. Finally, State Street Corp raised its stake in shares of Kingsway Financial Services by 4.8% during the third quarter. State Street Corp now owns 151,477 shares of the insurance provider’s stock valued at $1,254,000 after acquiring an additional 6,877 shares during the last quarter. 72.38% of the stock is owned by institutional investors.

Kingsway Financial Services Stock Down 0.3 %

Kingsway Financial Services stock traded down $0.02 during mid-day trading on Tuesday, hitting $7.97. The company’s stock had a trading volume of 7,217 shares, compared to its average volume of 30,977. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.41 and a current ratio of 0.41. The business has a 50 day moving average price of $8.33 and a 200-day moving average price of $8.40. Kingsway Financial Services has a 12 month low of $7.60 and a 12 month high of $9.58.

Kingsway Financial Services (NYSE:KFS) (TSE:KFS) last issued its quarterly earnings data on Wednesday, November 6th. The insurance provider reported $0.10 EPS for the quarter. The firm had revenue of $27.14 million during the quarter. Kingsway Financial Services had a negative net margin of 3.63% and a negative return on equity of 7.83%.

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.