Kingsway Financial Services Inc. (NYSE:KFS - Get Free Report) TSE: KFS's stock price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $8.38 and traded as high as $8.46. Kingsway Financial Services shares last traded at $8.39, with a volume of 240,718 shares trading hands.
Kingsway Financial Services Price Performance
The company has a quick ratio of 0.41, a current ratio of 0.41 and a debt-to-equity ratio of 1.20. The stock has a fifty day moving average price of $8.89 and a 200 day moving average price of $8.38.
Insiders Place Their Bets
In other news, Director Joseph Stilwell sold 365,000 shares of the company's stock in a transaction that occurred on Wednesday, December 18th. The stock was sold at an average price of $8.43, for a total transaction of $3,076,950.00. Following the transaction, the director now owns 593,743 shares of the company's stock, valued at approximately $5,005,253.49. This represents a 38.07 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Insiders bought 1,007 shares of company stock valued at $9,068 over the last three months. 54.75% of the stock is owned by company insiders.
Institutional Investors Weigh In On Kingsway Financial Services
A number of institutional investors and hedge funds have recently modified their holdings of the business. BNP Paribas Financial Markets increased its stake in Kingsway Financial Services by 36.4% in the third quarter. BNP Paribas Financial Markets now owns 6,526 shares of the insurance provider's stock worth $54,000 after purchasing an additional 1,742 shares during the period. Bard Associates Inc. increased its stake in Kingsway Financial Services by 0.6% in the 3rd quarter. Bard Associates Inc. now owns 288,113 shares of the insurance provider's stock worth $2,386,000 after buying an additional 1,848 shares during the period. Rhumbline Advisers lifted its holdings in Kingsway Financial Services by 25.8% during the 2nd quarter. Rhumbline Advisers now owns 12,352 shares of the insurance provider's stock valued at $102,000 after buying an additional 2,534 shares in the last quarter. Annandale Capital LLC boosted its position in Kingsway Financial Services by 2.6% in the 2nd quarter. Annandale Capital LLC now owns 128,200 shares of the insurance provider's stock valued at $1,056,000 after buying an additional 3,200 shares during the period. Finally, Belpointe Asset Management LLC boosted its position in Kingsway Financial Services by 0.9% in the 2nd quarter. Belpointe Asset Management LLC now owns 413,593 shares of the insurance provider's stock valued at $3,408,000 after buying an additional 3,644 shares during the period. 72.38% of the stock is owned by institutional investors.
Kingsway Financial Services Company Profile
(
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.
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