Kingsway Financial Services Inc. (NYSE:KFS - Get Free Report) TSE: KFS Director Joseph Stilwell sold 1,000,000 shares of Kingsway Financial Services stock in a transaction on Wednesday, March 26th. The shares were sold at an average price of $8.00, for a total value of $8,000,000.00. Following the completion of the transaction, the director now owns 498,937 shares in the company, valued at $3,991,496. The trade was a 66.71 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.
Kingsway Financial Services Trading Down 0.9 %
Shares of NYSE:KFS traded down $0.07 during trading on Monday, hitting $7.98. The company's stock had a trading volume of 2,657 shares, compared to its average volume of 52,631. Kingsway Financial Services Inc. has a fifty-two week low of $7.06 and a fifty-two week high of $9.58. The stock's 50-day moving average price is $7.84 and its two-hundred day moving average price is $8.31. The company has a current ratio of 0.41, a quick ratio of 0.41 and a debt-to-equity ratio of 1.20.
Institutional Trading of Kingsway Financial Services
Several institutional investors have recently added to or reduced their stakes in the stock. Mirabella Financial Services LLP acquired a new stake in shares of Kingsway Financial Services in the 4th quarter valued at about $13,392,000. Greenhaven Road Investment Management L.P. lifted its holdings in Kingsway Financial Services by 0.3% during the 4th quarter. Greenhaven Road Investment Management L.P. now owns 511,060 shares of the insurance provider's stock worth $4,278,000 after buying an additional 1,769 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of Kingsway Financial Services by 2.0% in the 3rd quarter. Geode Capital Management LLC now owns 347,235 shares of the insurance provider's stock valued at $2,875,000 after acquiring an additional 6,941 shares during the last quarter. Bard Associates Inc. lifted its stake in Kingsway Financial Services by 2.8% during the fourth quarter. Bard Associates Inc. now owns 296,059 shares of the insurance provider's stock worth $2,478,000 after purchasing an additional 7,946 shares during the last quarter. Finally, State Street Corp boosted its holdings in Kingsway Financial Services by 4.8% in the third quarter. State Street Corp now owns 151,477 shares of the insurance provider's stock worth $1,254,000 after purchasing an additional 6,877 shares during the period. 72.38% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
Separately, StockNews.com upgraded shares of Kingsway Financial Services from a "sell" rating to a "hold" rating in a report on Thursday, March 20th.
Get Our Latest Stock Report on KFS
About Kingsway Financial Services
(
Get Free Report)
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.
See Also
Before you consider Kingsway Financial Services, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Kingsway Financial Services wasn't on the list.
While Kingsway Financial Services currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Which stocks are likely to thrive in today's challenging market? Enter your email address and we'll send you MarketBeat's list of ten stocks that will drive in any economic environment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
