Short Interest in Kingstone Companies, Inc. (NASDAQ:KINS) Grows By 35.2%

Kingstone Companies, Inc. (NASDAQ:KINS - Get Free Report) was the recipient of a significant growth in short interest in September. As of September 30th, there was short interest totalling 106,400 shares, a growth of 35.2% from the September 15th total of 78,700 shares. Currently, 1.3% of the shares of the stock are short sold. Based on an average daily trading volume, of 164,500 shares, the short-interest ratio is currently 0.6 days.

Analysts Set New Price Targets

KINS has been the topic of a number of analyst reports. Janney Montgomery Scott started coverage on shares of Kingstone Companies in a research note on Tuesday, July 16th. They set a "buy" rating and a $6.50 price objective on the stock. StockNews.com raised shares of Kingstone Companies from a "hold" rating to a "buy" rating in a report on Wednesday, August 21st.

Kingstone Companies Trading Up 1.7 %

Kingstone Companies stock traded up $0.16 during mid-day trading on Tuesday, hitting $9.82. 99,517 shares of the stock were exchanged, compared to its average volume of 71,728. The stock has a market capitalization of $108.10 million, a price-to-earnings ratio of 23.07 and a beta of 0.57. Kingstone Companies has a 12 month low of $1.60 and a 12 month high of $12.41. The company has a quick ratio of 0.37, a current ratio of 0.37 and a debt-to-equity ratio of 0.62. The firm's fifty day simple moving average is $9.06 and its two-hundred day simple moving average is $6.34.

Kingstone Companies (NASDAQ:KINS - Get Free Report) last posted its quarterly earnings results on Monday, August 12th. The insurance provider reported $0.39 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.39. The business had revenue of $36.50 million during the quarter, compared to the consensus estimate of $36.80 million. Kingstone Companies had a net margin of 3.74% and a return on equity of 13.61%. During the same quarter last year, the firm posted ($0.06) EPS. Analysts forecast that Kingstone Companies will post 1 EPS for the current year.

Institutional Investors Weigh In On Kingstone Companies

An institutional investor recently raised its position in Kingstone Companies stock. Dimensional Fund Advisors LP raised its holdings in shares of Kingstone Companies, Inc. (NASDAQ:KINS - Free Report) by 7.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 109,172 shares of the insurance provider's stock after acquiring an additional 7,320 shares during the period. Dimensional Fund Advisors LP owned about 0.99% of Kingstone Companies worth $546,000 at the end of the most recent reporting period. 14.91% of the stock is owned by institutional investors.

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.