Cruiser Capital Advisors LLC Increases Stock Position in Kingstone Companies, Inc. (NASDAQ:KINS)

Cruiser Capital Advisors LLC increased its holdings in Kingstone Companies, Inc. (NASDAQ:KINS) by 3.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 44,520 shares of the insurance provider’s stock after buying an additional 1,560 shares during the period. Kingstone Companies accounts for 0.4% of Cruiser Capital Advisors LLC’s investment portfolio, making the stock its 24th biggest position. Cruiser Capital Advisors LLC’s holdings in Kingstone Companies were worth $676,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. LPL Financial LLC bought a new position in shares of Kingstone Companies in the fourth quarter worth $1,105,000. American Century Companies Inc. boosted its stake in Kingstone Companies by 186.6% in the 4th quarter. American Century Companies Inc. now owns 85,358 shares of the insurance provider’s stock worth $1,297,000 after purchasing an additional 55,572 shares during the period. Raymond James Financial Inc. purchased a new position in Kingstone Companies during the 4th quarter valued at about $2,371,000. SBI Securities Co. Ltd. bought a new stake in shares of Kingstone Companies during the fourth quarter valued at about $26,000. Finally, Bank of New York Mellon Corp purchased a new stake in shares of Kingstone Companies in the fourth quarter worth about $428,000. 14.91% of the stock is currently owned by hedge funds and other institutional investors.

Kingstone Companies Trading Up 6.7 %

Shares of KINS stock opened at $16.39 on Tuesday. Kingstone Companies, Inc. has a 52-week low of $3.79 and a 52-week high of $19.18. The business’s fifty day moving average is $16.09 and its 200 day moving average is $13.64. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.43 and a current ratio of 0.43. The company has a market capitalization of $225.05 million, a PE ratio of 12.61 and a beta of 0.71.

Analyst Ratings Changes

Separately, StockNews.com cut shares of Kingstone Companies from a “buy” rating to a “hold” rating in a research note on Thursday, March 20th.

About Kingstone Companies

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.