Insider Buying: Kingsway Financial Services (NYSE:KWY) Director Buys $25,213.76 in Stock

Kingsway Financial Services Inc (NYSE:KWY) Director Joshua Horowitz purchased 2,717 shares of the business’s stock in a transaction on Monday, September 28th. The shares were acquired at an average cost of $9.28 per share, for a total transaction of $25,213.76. Following the completion of the transaction, the director directly owned 383,820 shares in the company, valued at approximately $3,561,849.60. This represents a 0.71% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

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

• On Wednesday, September 30th, Joshua Horowitz acquired 858 shares of Kingsway Financial Services stock. The shares were acquired at an average price of $9.23 per share, with a total value of $7,919.34.
• On Thursday, August 20th, Joshua Horowitz acquired 769 shares of Kingsway Financial Services stock. The stock was bought at an average price of $9.89 per share, with a total value of $7,605.41.
• On Wednesday, August 19th, Joshua Horowitz bought 7,034 shares of Kingsway Financial Services stock. The stock was bought at an average cost of $9.84 per share, for a total transaction of $69,214.56.
• On Tuesday, August 18th, Joshua Horowitz bought 1,300 shares of Kingsway Financial Services stock. The shares were bought at an average price of $9.75 per share, for a total transaction of $12,675.00.

Kingsway Financial Services Stock Up 1.4%

NYSE:KWY opened at $9.46 on Friday. Kingsway Financial Services Inc has a twelve month low of $8.41 and a twelve month high of $16.51. The firm has a market capitalization of $273.68 million, a price-to-earnings ratio of -31.53 and a beta of 0.25. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 4.39. The stock’s 50 day moving average price is $9.70 and its two-hundred day moving average price is $10.43.

Kingsway Financial Services (NYSE:KWY) last released its quarterly earnings data on Thursday, August 6th. The company reported ($0.03) EPS for the quarter. Kingsway Financial Services had a negative net margin of 6.69% and a negative return on equity of 61.62%. The company had revenue of $39.44 million during the quarter.

Analyst Ratings Changes

Separately, Weiss Ratings upgraded shares of Kingsway Financial Services from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Thursday, September 24th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company has an average rating of “Sell”.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of KWY. Greenhaven Road Investment Management L.P. lifted its position 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. Capricorn Fund Managers Ltd bought a new stake in shares of Kingsway Financial Services during the first quarter worth approximately $18,616,000. Renaissance Technologies LLC grew its position in shares of Kingsway Financial Services by 22.3% in the first quarter. Renaissance Technologies LLC now owns 319,670 shares of the company’s stock valued at $3,334,000 after purchasing an additional 58,290 shares during the last quarter. State Street Corp acquired a new position in shares of Kingsway Financial Services in the second quarter valued at approximately $3,105,000. Finally, Waverly Advisors LLC bought a new position in shares of Kingsway Financial Services during the first quarter worth approximately $1,304,000. Institutional investors and hedge funds own 72.38% of the company’s stock.

Kingsway Financial Services Company Profile

Kingsway Financial Services Inc is a specialty insurance and holding company that operates primarily in the United States. The company focuses on niche insurance and insurance-related businesses rather than broad-based personal lines coverage.

Kingsway’s operating businesses include providers of vehicle service agreements and other extended warranty products, as well as specialty insurance and insurance services. Its portfolio has included businesses serving automotive dealers, vehicle owners, commercial customers and other specialized markets.