Short Interest in Kingstone Companies, Inc. (NASDAQ:KINS) Increases By 19.4%

Kingstone Companies, Inc. (NASDAQ:KINS - Get Free Report) was the recipient of a large growth in short interest in the month of December. As of December 31st, there was short interest totalling 773,400 shares, a growth of 19.4% from the December 15th total of 647,800 shares. Based on an average trading volume of 300,700 shares, the days-to-cover ratio is presently 2.6 days. Currently, 8.3% of the company's stock are sold short.

Kingstone Companies Price Performance

Shares of Kingstone Companies stock traded up $0.05 during mid-day trading on Monday, reaching $15.37. 331,100 shares of the stock were exchanged, compared to its average volume of 304,594. Kingstone Companies has a fifty-two week low of $2.40 and a fifty-two week high of $18.08. The company has a market cap of $189.82 million, a price-to-earnings ratio of 11.82 and a beta of 0.74. The firm has a 50-day simple moving average of $14.99 and a 200 day simple moving average of $10.77. The company has a current ratio of 0.43, a quick ratio of 0.43 and a debt-to-equity ratio of 0.29.

Kingstone Companies (NASDAQ:KINS - Get Free Report) last announced its earnings results on Tuesday, November 12th. The insurance provider reported $0.50 EPS for the quarter, hitting the consensus estimate of $0.50. The company had revenue of $40.77 million for the quarter, compared to analysts' expectations of $41.80 million. Kingstone Companies had a return on equity of 32.55% and a net margin of 10.60%. During the same quarter in the prior year, the business earned ($0.27) earnings per share. On average, sell-side analysts predict that Kingstone Companies will post 1.4 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered Kingstone Companies from a "buy" rating to a "hold" rating in a report on Wednesday, December 11th.

Insiders Place Their Bets

In other Kingstone Companies news, Director William L. Yankus sold 10,253 shares of the company's stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $16.18, for a total value of $165,893.54. Following the transaction, the director now directly owns 91,834 shares of the company's stock, valued at $1,485,874.12. This represents a 10.04 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Carla D'andre purchased 4,000 shares of the stock in a transaction that occurred on Friday, November 15th. The stock was purchased at an average cost of $10.98 per share, with a total value of $43,920.00. Following the purchase, the director now owns 4,000 shares in the company, valued at $43,920. This represents a ∞ increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 12.20% of the company's stock.

Institutional Investors Weigh In On Kingstone Companies

Large investors have recently bought and sold shares of the company. Renaissance Technologies LLC raised its position in Kingstone Companies by 5.5% in the 2nd quarter. Renaissance Technologies LLC now owns 369,389 shares of the insurance provider's stock valued at $1,847,000 after buying an additional 19,201 shares during the last quarter. Philadelphia Financial Management of San Francisco LLC bought a new position in shares of Kingstone Companies during the third quarter worth approximately $1,658,000. Evernest Financial Advisors LLC acquired a new stake in Kingstone Companies during the third quarter worth approximately $1,184,000. Dimensional Fund Advisors LP lifted its position in shares of Kingstone Companies by 7.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 109,172 shares of the insurance provider's stock valued at $546,000 after acquiring an additional 7,320 shares during the period. Finally, Geode Capital Management LLC grew its holdings in shares of Kingstone Companies by 14.5% during the 3rd quarter. Geode Capital Management LLC now owns 95,950 shares of the insurance provider's stock worth $878,000 after purchasing an additional 12,134 shares in the last quarter. Institutional investors own 14.91% of the company's stock.

About Kingstone Companies

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.