Kingsway Financial Services Inc. (NYSE:KFS) Sees Large Decrease in Short Interest

Kingsway Financial Services Inc. (NYSE:KFSGet Free Report) (TSE:KFS) saw a large decline in short interest in the month of May. As of May 31st, there was short interest totalling 325,100 shares, a decline of 8.2% from the May 15th total of 354,200 shares. Based on an average trading volume of 53,100 shares, the days-to-cover ratio is presently 6.1 days. Approximately 1.6% of the shares of the company are sold short.

Institutional Trading of Kingsway Financial Services

Several institutional investors have recently added to or reduced their stakes in KFS. Swedbank AB bought a new stake in shares of Kingsway Financial Services during the 1st quarter valued at $2,085,000. Vanguard Group Inc. lifted its position in shares of Kingsway Financial Services by 3.2% during the 1st quarter. Vanguard Group Inc. now owns 487,353 shares of the insurance provider’s stock valued at $4,065,000 after acquiring an additional 14,981 shares during the period. BNP Paribas Financial Markets lifted its position in shares of Kingsway Financial Services by 193.0% during the 1st quarter. BNP Paribas Financial Markets now owns 9,679 shares of the insurance provider’s stock valued at $81,000 after acquiring an additional 6,376 shares during the period. Greenhaven Road Investment Management L.P. lifted its position in shares of Kingsway Financial Services by 26.2% during the 4th quarter. Greenhaven Road Investment Management L.P. now owns 403,395 shares of the insurance provider’s stock valued at $3,388,000 after acquiring an additional 83,641 shares during the period. Finally, Wasatch Advisors LP lifted its position in shares of Kingsway Financial Services by 14.6% during the 4th quarter. Wasatch Advisors LP now owns 828,552 shares of the insurance provider’s stock valued at $6,960,000 after acquiring an additional 105,751 shares during the period. 72.38% of the stock is currently owned by institutional investors.

Kingsway Financial Services Stock Down 0.2 %

Shares of NYSE KFS traded down $0.02 during midday trading on Wednesday, hitting $8.04. 107,002 shares of the company’s stock were exchanged, compared to its average volume of 96,329. The company’s 50 day moving average price is $8.31 and its 200 day moving average price is $8.43. Kingsway Financial Services has a 12 month low of $6.25 and a 12 month high of $9.48. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.57 and a current ratio of 0.57.

Kingsway Financial Services (NYSE:KFSGet Free Report) (TSE:KFS) last released its quarterly earnings results on Wednesday, May 8th. The insurance provider reported ($0.08) earnings per share (EPS) for the quarter. The firm had revenue of $26.16 million during the quarter. Kingsway Financial Services had a negative net margin of 6.57% and a negative return on equity of 24.36%.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded Kingsway Financial Services from a “hold” rating to a “sell” rating in a research note on Friday, June 14th.

Get Our Latest Research Report on KFS

About Kingsway Financial Services

(Get Free Report)

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.

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