Kingsway Financial Services (NYSE:KFS) Stock Price Down 0.5% – What’s Next?

Kingsway Financial Services Inc. (NYSE:KFS) (TSE:KFS) shares dropped 0.5% during trading on Thursday . The company traded as low as $8.25 and last traded at $8.32. Approximately 18,212 shares traded hands during trading, a decline of 61% from the average daily volume of 46,260 shares. The stock had previously closed at $8.36.

Kingsway Financial Services Trading Up 0.5 %

The business has a fifty day moving average price of $8.88 and a 200 day moving average price of $8.37. The company has a current ratio of 0.41, a quick ratio of 0.41 and a debt-to-equity ratio of 1.20.

Insider Buying and Selling at Kingsway Financial Services

In other news, Director Joseph Stilwell sold 25,000 shares of Kingsway Financial Services stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $8.78, for a total value of $219,500.00. Following the transaction, the director now owns 636,159 shares of the company’s stock, valued at $5,585,476.02. The trade was a 3.78 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In the last 90 days, insiders have purchased 1,007 shares of company stock valued at $9,068. Company insiders own 54.75% of the company’s stock.

Institutional Investors Weigh In On Kingsway Financial Services

Several large investors have recently modified their holdings of the stock. BNP Paribas Financial Markets raised its holdings in shares of Kingsway Financial Services by 36.4% during the third quarter. BNP Paribas Financial Markets now owns 6,526 shares of the insurance provider’s stock valued at $54,000 after acquiring an additional 1,742 shares during the period. Bard Associates Inc. grew its position in Kingsway Financial Services by 0.6% during the 3rd quarter. Bard Associates Inc. now owns 288,113 shares of the insurance provider’s stock worth $2,386,000 after purchasing an additional 1,848 shares in the last quarter. Rhumbline Advisers raised its stake in Kingsway Financial Services by 25.8% during the 2nd quarter. Rhumbline Advisers now owns 12,352 shares of the insurance provider’s stock valued at $102,000 after purchasing an additional 2,534 shares during the period. Annandale Capital LLC lifted its holdings in shares of Kingsway Financial Services by 2.6% in the second quarter. Annandale Capital LLC now owns 128,200 shares of the insurance provider’s stock valued at $1,056,000 after purchasing an additional 3,200 shares in the last quarter. Finally, Belpointe Asset Management LLC boosted its position in shares of Kingsway Financial Services by 0.9% in the second quarter. Belpointe Asset Management LLC now owns 413,593 shares of the insurance provider’s stock worth $3,408,000 after buying an additional 3,644 shares during the period. 72.38% of the stock is owned by institutional investors.

Kingsway Financial Services Company Profile

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.