Kingsway Financial Services (NYSE:KFS) Stock Crosses Above 200 Day Moving Average - What's Next?

Kingsway Financial Services Inc. (NYSE:KFS - Get Free Report) TSE: KFS shares crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $8.40 and traded as high as $8.43. Kingsway Financial Services shares last traded at $8.38, with a volume of 15,477 shares.

Kingsway Financial Services Stock Performance

The company has a debt-to-equity ratio of 1.20, a current ratio of 0.41 and a quick ratio of 0.41. The company's fifty day moving average is $8.82 and its 200 day moving average is $8.41.

Insider Activity

In other news, Director Joseph Stilwell sold 365,000 shares of the stock in a transaction dated Wednesday, December 18th. The stock was sold at an average price of $8.43, for a total value of $3,076,950.00. Following the completion of the sale, the director now owns 593,743 shares in the company, valued at approximately $5,005,253.49. This trade represents a 38.07 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In the last 90 days, insiders have acquired 1,007 shares of company stock valued at $9,068. Company insiders own 54.75% of the company's stock.

Hedge Funds Weigh In On Kingsway Financial Services

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. JPMorgan Chase & Co. lifted its position in shares of Kingsway Financial Services by 368.2% during the third quarter. JPMorgan Chase & Co. now owns 28,532 shares of the insurance provider's stock worth $236,000 after purchasing an additional 22,438 shares in the last quarter. Barclays PLC increased its stake in Kingsway Financial Services by 325.5% during the 3rd quarter. Barclays PLC now owns 18,269 shares of the insurance provider's stock worth $150,000 after buying an additional 13,975 shares during the period. Geode Capital Management LLC lifted its holdings in 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 worth $2,875,000 after buying an additional 6,941 shares in the last quarter. State Street Corp boosted its position in Kingsway Financial Services by 4.8% in the 3rd quarter. State Street Corp now owns 151,477 shares of the insurance provider's stock valued at $1,254,000 after buying an additional 6,877 shares during the last quarter. Finally, BNP Paribas Financial Markets grew its stake in shares of Kingsway Financial Services by 36.4% during the third quarter. BNP Paribas Financial Markets now owns 6,526 shares of the insurance provider's stock valued at $54,000 after acquiring an additional 1,742 shares in the last quarter. Hedge funds and other institutional investors own 72.38% of the company's stock.

Kingsway Financial Services Company Profile

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.