Kingsway Financial Services (NYSE:KWY) Director Acquires $37,658.00 in Stock

Kingsway Financial Services Inc (NYSE:KWY) Director Joshua Horowitz acquired 3,800 shares of Kingsway Financial Services stock in a transaction that occurred on Friday, May 29th. The shares were bought at an average price of $9.91 per share, for a total transaction of $37,658.00. Following the transaction, the director owned 372,000 shares of the company’s stock, valued at $3,686,520. This represents a 1.03% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Joshua Horowitz also recently made the following trade(s):

• On Thursday, May 28th, Joshua Horowitz acquired 700 shares of Kingsway Financial Services stock. The shares were bought at an average price of $9.95 per share, for a total transaction of $6,965.00.

Kingsway Financial Services Stock Performance

Shares of Kingsway Financial Services stock opened at $9.81 on Thursday. Kingsway Financial Services Inc has a one year low of $9.80 and a one year high of $16.80. The company has a market cap of $284.00 million, a price-to-earnings ratio of -24.52 and a beta of 0.23. The company has a debt-to-equity ratio of 3.56, a quick ratio of 1.62 and a current ratio of 1.62. The business’s 50 day moving average price is $10.86 and its 200 day moving average price is $12.69.

Kingsway Financial Services (NYSE:KWY) last announced its quarterly earnings data on Thursday, May 7th. The company reported ($0.10) EPS for the quarter. Kingsway Financial Services had a negative return on equity of 72.50% and a negative net margin of 8.83%.The company had revenue of $38.96 million for the quarter.

Analyst Ratings Changes

Separately, Weiss Ratings upgraded Kingsway Financial Services from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Friday, May 29th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the company currently has an average rating of “Sell”.

Institutional Investors Weigh In On Kingsway Financial Services

Several hedge funds and other institutional investors have recently added to or reduced their stakes in KWY. Capricorn Fund Managers Ltd acquired a new stake in Kingsway Financial Services during the first quarter worth $18,616,000. Greenhaven Road Investment Management L.P. increased its stake in Kingsway Financial Services by 43.8% during the fourth quarter. Greenhaven Road Investment Management L.P. now owns 1,884,529 shares of the company’s stock worth $25,347,000 after acquiring an additional 573,993 shares during the last quarter. Mirabella Financial Services LLP increased its stake in Kingsway Financial Services by 13.2% during the third quarter. Mirabella Financial Services LLP now owns 2,189,905 shares of the company’s stock worth $32,016,000 after acquiring an additional 255,319 shares during the last quarter. Waverly Advisors LLC acquired a new stake in Kingsway Financial Services during the first quarter worth $1,304,000. Finally, Vanguard Group Inc. increased its stake in Kingsway Financial Services by 12.5% during the third quarter. Vanguard Group Inc. now owns 948,838 shares of the company’s stock worth $13,872,000 after acquiring an additional 105,080 shares during the last quarter. Institutional investors and hedge funds own 72.38% of the company’s stock.

Kingsway Financial Services Company Profile

Kingsway Financial Services Inc is a holding company that operates through a group of subsidiaries focused on extended warranty and specialty insurance-related services. The company’s businesses primarily provide administration, underwriting, and related support services for protection products offered through automotive, consumer, and other markets.

Kingsway has historically operated in the insurance and service contract space, with activities centered on helping businesses and consumers manage risk and protection coverage needs.