StockNews.com upgraded shares of Kingsway Financial Services (NYSE:KFS - Free Report) TSE: KFS from a sell rating to a hold rating in a report released on Thursday morning.
Kingsway Financial Services Stock Up 1.6 %
Shares of KFS stock traded up $0.13 during trading hours on Thursday, reaching $8.01. The company had a trading volume of 68,176 shares, compared to its average volume of 47,228. Kingsway Financial Services has a 1-year low of $7.06 and a 1-year high of $9.58. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.41 and a current ratio of 0.41. The company has a 50 day moving average of $7.86 and a 200 day moving average of $8.31.
Hedge Funds Weigh In On Kingsway Financial Services
Institutional investors have recently modified their holdings of the stock. Wells Fargo & Company MN raised its position in shares of Kingsway Financial Services by 50.0% in the 4th quarter. Wells Fargo & Company MN now owns 5,937 shares of the insurance provider's stock valued at $50,000 after acquiring an additional 1,980 shares during the period. 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 valued at $54,000 after purchasing an additional 1,742 shares in the last quarter. Private Advisor Group LLC acquired a new stake in Kingsway Financial Services in the fourth quarter worth $102,000. Bank of America Corp DE boosted its position in shares of Kingsway Financial Services by 36.5% during the fourth quarter. Bank of America Corp DE now owns 12,334 shares of the insurance provider's stock worth $103,000 after purchasing an additional 3,300 shares in the last quarter. Finally, Townsquare Capital LLC acquired a new position in shares of Kingsway Financial Services in the 4th quarter valued at $108,000. 72.38% of the stock is currently owned by institutional investors and hedge funds.
About Kingsway Financial Services
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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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