Kingstone Companies, Inc. (NASDAQ:KINS) Sees Large Increase in Short Interest

Kingstone Companies, Inc. (NASDAQ:KINS - Get Free Report) was the target of a significant increase in short interest in the month of February. As of February 15th, there was short interest totalling 332,200 shares, an increase of 27.8% from the January 31st total of 260,000 shares. Approximately 3.5% of the company's shares are sold short. Based on an average trading volume of 335,900 shares, the days-to-cover ratio is presently 1.0 days.

Insider Transactions at Kingstone Companies

In other news, Director William L. Yankus sold 10,253 shares of the firm's stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $16.18, for a total transaction of $165,893.54. Following the transaction, the director now directly owns 91,834 shares of the company's stock, valued at approximately $1,485,874.12. This trade represents a 10.04 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 12.20% of the company's stock.

Hedge Funds Weigh In On Kingstone Companies

Several institutional investors have recently bought and sold shares of KINS. Angel Oak Capital Advisors LLC purchased a new position in Kingstone Companies during the fourth quarter valued at approximately $3,704,000. Marshall Wace LLP increased its holdings in Kingstone Companies by 223.5% during the fourth quarter. Marshall Wace LLP now owns 282,181 shares of the insurance provider's stock valued at $4,286,000 after buying an additional 194,952 shares during the period. Philadelphia Financial Management of San Francisco LLC purchased a new position in Kingstone Companies during the third quarter valued at approximately $1,658,000. Raymond James Financial Inc. purchased a new position in Kingstone Companies during the fourth quarter valued at approximately $2,371,000. Finally, LPL Financial LLC purchased a new position in Kingstone Companies during the fourth quarter valued at approximately $1,105,000. 14.91% of the stock is owned by hedge funds and other institutional investors.

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Wall Street Analysts Forecast Growth

Separately, StockNews.com raised shares of Kingstone Companies from a "hold" rating to a "buy" rating in a research report on Wednesday, February 26th.

Kingstone Companies Trading Down 1.3 %

Shares of NASDAQ:KINS traded down $0.20 during trading on Friday, reaching $14.92. 536,127 shares of the company were exchanged, compared to its average volume of 288,075. The firm has a market capitalization of $184.25 million, a PE ratio of 11.48 and a beta of 0.71. The business's fifty day simple moving average is $16.04 and its 200-day simple moving average is $13.15. Kingstone Companies has a 12-month low of $3.63 and a 12-month high of $19.18. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.43 and a quick ratio of 0.43.

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.