Kingsway Financial Services (NYSE:KFS) Stock Price Crosses Above 200-Day Moving Average of $8.08

Kingsway Financial Services Inc. (NYSE:KFS) (TSE:KFS)’s share price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $8.08 and traded as high as $8.40. Kingsway Financial Services shares last traded at $8.30, with a volume of 44,464 shares changing hands.

Kingsway Financial Services Stock Performance

The firm has a 50 day simple moving average of $8.69 and a two-hundred day simple moving average of $8.08. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.58 and a current ratio of 0.58.

Insider Buying and Selling

In other news, Director Joseph Stilwell sold 7,300 shares of Kingsway Financial Services stock in a transaction on Monday, March 11th. The stock was sold at an average price of $8.76, for a total transaction of $63,948.00. Following the transaction, the director now owns 648,797 shares in the company, valued at $5,683,461.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders have purchased 1,437 shares of company stock worth $12,196 in the last three months. 60.05% of the stock is currently owned by insiders.

Institutional Trading of Kingsway Financial Services

A number of institutional investors and hedge funds have recently made changes to their positions in KFS. California State Teachers Retirement System bought a new stake in shares of Kingsway Financial Services in the 2nd quarter valued at approximately $29,000. Citigroup Inc. bought a new position in shares of Kingsway Financial Services in the 4th quarter worth $34,000. Wells Fargo & Company MN raised its stake in Kingsway Financial Services by 4,215.4% during the 2nd quarter. Wells Fargo & Company MN now owns 4,488 shares of the insurance provider’s stock worth $37,000 after buying an additional 4,384 shares during the period. BNP Paribas Arbitrage SNC acquired a new stake in Kingsway Financial Services during the 2nd quarter worth $38,000. Finally, Barclays PLC acquired a new stake in Kingsway Financial Services during the 1st quarter worth $64,000. Institutional investors and hedge funds own 72.38% of the company’s stock.

About Kingsway Financial Services

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.