Greenhaven Road Investment Management L.P. Increases Stake in Kingsway Financial Services Inc. (NYSE:KFS)

Greenhaven Road Investment Management L.P. boosted its stake in Kingsway Financial Services Inc. (NYSE:KFS) (TSE:KFS) by 0.3% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 511,060 shares of the insurance provider’s stock after buying an additional 1,769 shares during the quarter. Kingsway Financial Services comprises 0.7% of Greenhaven Road Investment Management L.P.’s holdings, making the stock its 11th largest holding. Greenhaven Road Investment Management L.P.’s holdings in Kingsway Financial Services were worth $4,278,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in KFS. BNP Paribas Financial Markets raised its holdings in Kingsway Financial Services by 36.4% in the third quarter. BNP Paribas Financial Markets now owns 6,526 shares of the insurance provider’s stock worth $54,000 after purchasing an additional 1,742 shares in the last quarter. JPMorgan Chase & Co. raised its stake in Kingsway Financial Services by 368.2% during the third quarter. JPMorgan Chase & Co. now owns 28,532 shares of the insurance provider’s stock valued at $236,000 after buying an additional 22,438 shares during the last quarter. Private Advisor Group LLC bought a new stake in Kingsway Financial Services in the fourth quarter worth $102,000. State Street Corp grew its stake in shares of Kingsway Financial Services by 4.8% in the third quarter. State Street Corp now owns 151,477 shares of the insurance provider’s stock worth $1,254,000 after acquiring an additional 6,877 shares during the last quarter. Finally, Geode Capital Management LLC increased its holdings in shares of Kingsway Financial Services by 2.0% during the third quarter. Geode Capital Management LLC now owns 347,235 shares of the insurance provider’s stock valued at $2,875,000 after acquiring an additional 6,941 shares in the last quarter. Institutional investors own 72.38% of the company’s stock.

Kingsway Financial Services Price Performance

KFS stock opened at $8.07 on Friday. The stock’s 50 day simple moving average is $7.80 and its 200 day simple moving average is $8.29. Kingsway Financial Services Inc. has a 12-month low of $7.06 and a 12-month high of $9.58. The company has a quick ratio of 0.41, a current ratio of 0.41 and a debt-to-equity ratio of 1.20.

Insider Activity at Kingsway Financial Services

In other Kingsway Financial Services news, Director Joseph Stilwell sold 1,000,000 shares of the company’s stock in a transaction dated Wednesday, March 26th. The shares were sold at an average price of $8.00, for a total transaction of $8,000,000.00. Following the transaction, the director now owns 498,937 shares in the company, valued at approximately $3,991,496. This represents a 66.71 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders have acquired 945 shares of company stock valued at $7,499 over the last ninety days. Insiders own 54.75% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded shares of Kingsway Financial Services from a “sell” rating to a “hold” rating in a research note on Thursday, March 20th.

About Kingsway Financial Services

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.