Angel Oak Capital Advisors LLC Makes New Investment in Kingstone Companies, Inc. (NASDAQ:KINS)

Angel Oak Capital Advisors LLC purchased a new position in shares of Kingstone Companies, Inc. (NASDAQ:KINS - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 243,856 shares of the insurance provider's stock, valued at approximately $3,704,000. Kingstone Companies accounts for approximately 4.9% of Angel Oak Capital Advisors LLC's investment portfolio, making the stock its 3rd largest holding. Angel Oak Capital Advisors LLC owned about 1.97% of Kingstone Companies as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in KINS. Ritholtz Wealth Management raised its stake in shares of Kingstone Companies by 138.6% in the fourth quarter. Ritholtz Wealth Management now owns 39,663 shares of the insurance provider's stock valued at $602,000 after acquiring an additional 23,040 shares during the last quarter. Barclays PLC bought a new position in shares of Kingstone Companies in the third quarter valued at approximately $49,000. Evernest Financial Advisors LLC bought a new position in Kingstone Companies in the 3rd quarter worth approximately $1,184,000. State Street Corp raised its position in Kingstone Companies by 22.7% in the 3rd quarter. State Street Corp now owns 30,229 shares of the insurance provider's stock worth $277,000 after purchasing an additional 5,600 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its position in Kingstone Companies by 53,684.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 10,219 shares of the insurance provider's stock worth $94,000 after purchasing an additional 10,200 shares during the last quarter. Institutional investors own 14.91% of the company's stock.

Kingstone Companies Trading Down 7.2 %

KINS stock traded down $1.26 during trading on Friday, hitting $16.25. The company had a trading volume of 302,537 shares, compared to its average volume of 256,238. The company has a quick ratio of 0.43, a current ratio of 0.43 and a debt-to-equity ratio of 0.29. The firm has a 50-day moving average price of $16.12 and a 200-day moving average price of $12.65. Kingstone Companies, Inc. has a 12 month low of $2.97 and a 12 month high of $19.18. The stock has a market cap of $200.69 million, a price-to-earnings ratio of 12.50 and a beta of 0.74.

Insider Buying and Selling

In other Kingstone Companies news, Director William L. Yankus sold 10,253 shares of the company's stock in a transaction on Friday, December 13th. The shares were sold at an average price of $16.18, for a total transaction of $165,893.54. Following the completion of the sale, the director now owns 91,834 shares in the company, valued at approximately $1,485,874.12. The trade was a 10.04 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 12.20% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Separately, StockNews.com cut shares of Kingstone Companies from a "buy" rating to a "hold" rating in a research report on Wednesday, December 11th.

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.