Kingsway Financial Services Inc. (NYSE:KFS) Director Joseph Stilwell Sells 365,000 Shares

Kingsway Financial Services Inc. (NYSE:KFS - Get Free Report) TSE: KFS Director Joseph Stilwell sold 365,000 shares of the stock in a transaction dated 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 transaction, the director now directly owns 593,743 shares in the company, valued at $5,005,253.49. This represents a 38.07 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

Joseph Stilwell also recently made the following trade(s):

• On Tuesday, November 19th, Joseph Stilwell sold 25,000 shares of Kingsway Financial Services stock. The shares were sold at an average price of $8.78, for a total transaction of $219,500.00.

Kingsway Financial Services Stock Performance

Shares of NYSE:KFS traded up $0.08 during midday trading on Friday, reaching $8.47. The company's stock had a trading volume of 49,065 shares, compared to its average volume of 48,553. The stock has a fifty day moving average of $8.89 and a 200 day moving average of $8.38. Kingsway Financial Services Inc. has a twelve month low of $7.60 and a twelve month 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.

Institutional Investors Weigh In On Kingsway Financial Services

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

About Kingsway Financial Services

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.