Kingstone Companies, Inc. (NASDAQ:KINS) Short Interest Update

Kingstone Companies, Inc. (NASDAQ:KINS) saw a large decline in short interest in March. As of March 15th, there was short interest totalling 193,300 shares, a decline of 37.0% from the February 28th total of 307,000 shares. Based on an average trading volume of 301,700 shares, the short-interest ratio is currently 0.6 days. Approximately 1.8% of the company’s stock are sold short.

Kingstone Companies Stock Performance

Kingstone Companies stock traded down $0.34 during mid-day trading on Monday, reaching $16.65. 222,234 shares of the company were exchanged, compared to its average volume of 187,214. 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 firm has a market cap of $228.62 million, a PE ratio of 12.81 and a beta of 0.71. The firm’s 50-day simple moving average is $16.26 and its two-hundred day simple moving average is $13.91. Kingstone Companies has a twelve month low of $3.93 and a twelve month high of $19.18.

Analyst Upgrades and Downgrades

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Palisades Investment Partners LLC acquired a new position in Kingstone Companies during the fourth quarter worth about $913,000. Squarepoint Ops LLC purchased a new position in Kingstone Companies during the fourth quarter worth about $331,000. State of Wyoming purchased a new stake in Kingstone Companies in the 4th quarter valued at about $103,000. OMERS ADMINISTRATION Corp purchased a new position in Kingstone Companies during the fourth quarter worth approximately $454,000. Finally, Millennium Management LLC boosted its holdings in Kingstone Companies by 155.5% in the fourth quarter. Millennium Management LLC now owns 48,866 shares of the insurance provider’s stock valued at $742,000 after acquiring an additional 29,742 shares during the last quarter. 14.91% of the stock is currently owned by institutional investors and hedge funds.

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.