Kingsway Financial Services Inc. (NYSE:KFS – Get Rating) (TSE:KFS) Director Charles L. Frischer purchased 11,000 shares of Kingsway Financial Services in a trade dated Thursday, June 9. The shares were acquired at an average cost of $5.35 per share, for a total transaction of $58,850.00. Following the purchase, the administrator now directly owns 231,000 shares of the company, valued at approximately $1,235,850. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available via this hyperlink.
Shares of NYSE:KFS traded down $0.03 during Thursday’s midday session, hitting $5.30. The stock had a trading volume of 34,661 shares, compared to an average volume of 14,091. The company has a 50-day simple moving average of $5.42 and a two-hundred-day simple moving average of 5, $38. The company has a debt ratio of 16.37, a quick ratio of 0.21 and a current ratio of 0.21. Kingsway Financial Services Inc. has a 12-month low of $4.70 and a 12-month high of $5.80.
Kingsway Financial Services (NYSE:KFS – Get Rating) (TSE:KFS) last announced its quarterly results on Friday, May 6. The insurance provider reported earnings per share of $0.06 for the quarter. The company had revenue of $26.12 million for the quarter. Kingsway Financial Services posted a negative net margin of 3.02% and a positive return on equity of 163.46%.
Separately, TheStreet upgraded shares of Kingsway Financial Services from a ‘d+’ rating to a ‘c’ rating in a Wednesday, May 4 research report.
Several large investors have recently changed their positions in the stock. BlackRock Inc. raised its position in Kingsway Financial Services shares by 5.3% in the fourth quarter. BlackRock Inc. now owns 39,509 shares of the insurance provider valued at $216,000 after acquiring an additional 1,997 shares during the period. Belpointe Asset Management LLC increased its stake 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 purchasing an additional 2,553 shares during the period. State Street Corp increased its stake in Kingsway Financial Services by 48.1% in the first quarter. State Street Corp now owns 20,949 shares of the insurance provider worth $115,000 after purchasing an additional 6,801 shares during the period. Geode Capital Management LLC acquired a new stake in Kingsway Financial Services during Q3 for a value of approximately $120,000. Finally, Vanguard Group Inc. increased its stake 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 during the period. Institutional investors and hedge funds hold 74.59% of the company’s shares.
About Kingsway Financial Services (Get a rating)
Kingsway Financial Services Inc, through its subsidiaries, is engaged in commercial extended warranty 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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