Trexquant Investment LP Takes $247,000 Position in Kingstone Companies, Inc. (NASDAQ:KINS)

Trexquant Investment LP acquired a new stake in shares of Kingstone Companies, Inc. (NASDAQ:KINS - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 16,259 shares of the insurance provider's stock, valued at approximately $247,000. Trexquant Investment LP owned about 0.13% of Kingstone Companies as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also made changes to their positions in the stock. JPMorgan Chase & Co. boosted its position in Kingstone Companies by 8.1% during the fourth quarter. JPMorgan Chase & Co. now owns 11,042 shares of the insurance provider's stock worth $168,000 after purchasing an additional 823 shares during the period. Cruiser Capital Advisors LLC boosted its holdings in shares of Kingstone Companies by 3.6% during the 4th quarter. Cruiser Capital Advisors LLC now owns 44,520 shares of the insurance provider's stock worth $676,000 after buying an additional 1,560 shares during the period. SBI Securities Co. Ltd. acquired a new position in Kingstone Companies in the 4th quarter valued at $26,000. Barclays PLC acquired a new position in Kingstone Companies in the 3rd quarter valued at $49,000. Finally, State Street Corp raised its holdings in Kingstone Companies by 22.7% in the 3rd quarter. State Street Corp now owns 30,229 shares of the insurance provider's stock worth $277,000 after acquiring an additional 5,600 shares during the period. Institutional investors and hedge funds own 14.91% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut shares of Kingstone Companies from a "buy" rating to a "hold" rating in a report on Thursday, March 20th.

Kingstone Companies Stock Performance

KINS traded down $0.30 during midday trading on Friday, reaching $17.14. The company's stock had a trading volume of 153,140 shares, compared to its average volume of 201,965. Kingstone Companies, Inc. has a twelve month low of $3.93 and a twelve month high of $19.18. The stock has a market cap of $235.35 million, a P/E ratio of 13.18 and a beta of 0.48. The company has a fifty day simple moving average of $16.22 and a 200 day simple moving average of $14.56. 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 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.