Kingsway Financial Services Inc. (NYSE: KFS) Director Acquires $54,000.00 in Stock

Kingsway Financial Services Inc. (NYSE:KFS – Get Rating) (TSE:KFS) Director Joseph Stilwell bought 10,000 shares of the company in a trade that took place on Monday, June 6. The shares were purchased at an average cost of $5.40 per share, for a total transaction of $54,000.00. As a result of the transaction, the administrator now directly owns 4,992,648 shares of the company, valued at approximately $26,960,299.20. The transaction was disclosed in a legal filing with the SEC, which is available via this hyperlink.

Joseph Stilwell has also recently completed the following trade(s):

  • On Wednesday, March 30, Joseph Stilwell purchased 10,000 shares of Kingsway Financial Services. The shares were purchased at an average cost of $5.50 per share, for a total transaction of $55,000.00.
  • On Monday, March 28, Joseph Stilwell purchased 10,000 shares of Kingsway Financial Services. The shares were purchased at an average cost of $5.50 per share, for a total transaction of $55,000.00.
  • On Friday, March 25, Joseph Stilwell purchased 10,000 shares of Kingsway Financial Services. The shares were purchased at an average cost of $5.50 per share, for a total transaction of $55,000.00.
  • On Wednesday, March 23, Joseph Stilwell purchased 10,000 shares of Kingsway Financial Services. The shares were purchased at an average cost of $5.50 per share, for a total transaction of $55,000.00.
  • On Monday, March 21, Joseph Stilwell purchased 2,795 shares of Kingsway Financial Services. The shares were acquired at an average cost of $5.50 per share, for a total transaction of $15,372.50.
  • On Friday March 18, Joseph Stilwell purchased 10,000 shares of Kingsway Financial Services. The shares were acquired at an average cost of $5.50 per share, for a total transaction of $55,000.00.
  • On Wednesday, March 16, Joseph Stilwell purchased 10,000 shares of Kingsway Financial Services. The shares were acquired at an average cost of $5.50 per share, for a total transaction of $55,000.00.
  • On Monday, March 14, Joseph Stilwell purchased 500 shares of Kingsway Financial Services. The shares were acquired at an average cost of $5.54 per share, for a total transaction of $2,770.00.
  • On Thursday, March 10, Joseph Stilwell purchased 1,212 shares of Kingsway Financial Services. The shares were acquired at an average cost of $5.50 per share, for a total transaction of $6,666.00.
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KFS shares traded down $0.06 during trading hours on Wednesday, hitting $5.33. The stock recorded trading volume of 37,912 shares, compared to an average trading volume of 13,902 shares. The company’s fifty-day moving average is $5.43 and its two-hundred-day moving average is $5.38. The company has a quick ratio of 0.21, a current ratio of 0.21 and a debt ratio of 16.37. Kingsway Financial Services Inc. has a 52 week minimum of $4.70 and a 52 week maximum of $5.80.

Kingsway Financial Services (NYSE:KFS – Get Rating) (TSE:KFS) last released its results on Friday, May 6. The insurance provider reported earnings per share of $0.06 for the quarter. Kingsway Financial Services posted a negative net margin of 3.02% and a positive return on equity of 163.46%. The company had revenue of $26.12 million for the quarter.

Separately, TheStreet upgraded shares of Kingsway Financial Services from a “d+” rating to a “c” rating in a Wednesday, May 4 report.

Institutional investors and hedge funds have recently been buying and selling shares of the company. State Street Corp increased its holdings of Kingsway Financial Services shares by 48.1% in Q1. State Street Corp now owns 20,949 shares of the insurance provider worth $115,000 after buying an additional 6,801 shares in the last quarter. Geode Capital Management LLC acquired a new position in Kingsway Financial Services during Q3 worth approximately $120,000. BlackRock Inc. increased its position in Kingsway Financial Services by 193.8% during the third quarter. BlackRock Inc. now owns 37,512 shares of the insurance provider worth $201,000 after buying an additional 24,743 shares last quarter. Belpointe Asset Management LLC increased its position in Kingsway Financial Services by 3.3% during the 4th quarter. Belpointe Asset Management LLC now owns 80,305 shares of the insurance provider worth $440,000 after buying 2,553 additional shares last quarter. Finally, Vanguard Group Inc. increased its position in Kingsway Financial Services by 17.1% during the 1st quarter. Vanguard Group Inc. now owns 547,719 shares of the insurance provider worth $3,012,000 after purchasing an additional 79,836 shares last quarter. 74.59% of the shares are currently held by institutional investors and hedge funds.

Kingsway Financial Services Company Profile (Get an evaluation)

Kingsway Financial Services Inc, through its subsidiaries, is engaged in extended warranty business services, asset management and real estate. The Company operates through three segments: Extended Warranty, Leased Real Estate and Kingsway Search Xcelerator. The Extended Warranty segment markets, sells and administers vehicle service contracts and related products for new and used automobiles, motorcycles and ATVs.

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