50,540 Shares in Kingstone Companies, Inc. (NASDAQ:KINS) Purchased by 683 Capital Management LLC

683 Capital Management LLC acquired a new position in Kingstone Companies, Inc. (NASDAQ:KINS - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 50,540 shares of the insurance provider's stock, valued at approximately $768,000. 683 Capital Management LLC owned approximately 0.41% of Kingstone Companies at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. SBI Securities Co. Ltd. acquired a new position in shares of Kingstone Companies during the fourth quarter valued at about $26,000. Ritholtz Wealth Management increased its position in shares of Kingstone Companies by 138.6% in the 4th quarter. Ritholtz Wealth Management now owns 39,663 shares of the insurance provider's stock valued at $602,000 after acquiring an additional 23,040 shares during the period. Raymond James Financial Inc. purchased a new position in Kingstone Companies in the 4th quarter worth $2,371,000. Barclays PLC acquired a new stake in Kingstone Companies during the 3rd quarter worth about $49,000. Finally, Bank of New York Mellon Corp acquired a new position in shares of Kingstone Companies in the fourth quarter valued at about $428,000. 14.91% of the stock is currently owned by hedge funds and other institutional investors.

Kingstone Companies Stock Performance

Shares of KINS stock traded up $0.30 on Tuesday, hitting $18.62. The company had a trading volume of 404,538 shares, compared to its average volume of 220,372. Kingstone Companies, Inc. has a twelve month low of $4.01 and a twelve month high of $20.16. The company has a quick ratio of 0.43, a current ratio of 0.43 and a debt-to-equity ratio of 0.29. The firm has a market cap of $255.67 million, a P/E ratio of 14.32 and a beta of 0.60. The company has a 50-day moving average price of $16.41 and a 200-day moving average price of $15.35.

Analyst Ratings Changes

Separately, StockNews.com lowered shares of Kingstone Companies from a "buy" rating to a "hold" rating in a research report on Thursday, March 20th.

Kingstone Companies Company Profile

Kingstone Companies, Inc, through its subsidiary, provides property and casualty insurance products to individuals in the United States. It offers personal line of insurance products, such as homeowners and dwelling fire, cooperative/condominiums, renters, and personal umbrella policies. The company also provides for-hire vehicle physical damage only policies for livery and car service vehicles and taxicabs; and canine legal liability policies.