Kingstone Companies, Inc. (NASDAQ:KINS) Sees Significant Decrease in Short Interest

Kingstone Companies, Inc. (NASDAQ:KINS - Get Free Report) was the target of a large decline in short interest in October. As of October 31st, there was short interest totalling 127,700 shares, a decline of 9.1% from the October 15th total of 140,500 shares. Currently, 1.5% of the company's stock are sold short. Based on an average daily trading volume, of 192,300 shares, the short-interest ratio is presently 0.7 days.

Kingstone Companies Stock Performance

Shares of KINS stock traded up $1.90 on Monday, hitting $12.85. 952,956 shares of the stock were exchanged, compared to its average volume of 86,205. The firm has a market capitalization of $142.07 million, a PE ratio of 9.88 and a beta of 0.55. Kingstone Companies has a one year low of $1.95 and a one year high of $13.45. The company has a current ratio of 0.37, a quick ratio of 0.37 and a debt-to-equity ratio of 0.62. The firm's 50 day moving average is $9.83 and its two-hundred day moving average is $7.40.

Kingstone Companies (NASDAQ:KINS - Get Free Report) last issued its quarterly earnings data on Tuesday, November 12th. The insurance provider reported $0.50 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.50. Kingstone Companies had a return on equity of 37.53% and a net margin of 10.60%. The business had revenue of $40.77 million for the quarter, compared to analysts' expectations of $41.80 million. During the same quarter in the prior year, the firm posted ($0.27) EPS. Sell-side analysts expect that Kingstone Companies will post 1.36 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Barclays PLC purchased a new position in Kingstone Companies in the 3rd quarter worth $49,000. Jane Street Group LLC bought a new stake in Kingstone Companies in the third quarter valued at $170,000. State Street Corp increased its position in Kingstone Companies by 22.7% during the 3rd quarter. State Street Corp now owns 30,229 shares of the insurance provider's stock valued at $277,000 after purchasing an additional 5,600 shares during the period. XTX Topco Ltd purchased a new stake in shares of Kingstone Companies in the 3rd quarter worth about $290,000. Finally, Wolverine Trading LLC purchased a new position in shares of Kingstone Companies during the third quarter valued at about $304,000. 14.91% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Separately, StockNews.com cut Kingstone Companies from a "buy" rating to a "hold" rating in a research note on Tuesday, November 12th.

Kingstone Companies Company Profile

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.