Bridgeway Capital Management LLC Invests $410,000 in Kingsway Financial Services Inc. (NYSE:KFS)

Bridgeway Capital Management LLC purchased a new position in Kingsway Financial Services Inc. (NYSE:KFS - Free Report) TSE: KFS during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 49,000 shares of the insurance provider's stock, valued at approximately $410,000. Bridgeway Capital Management LLC owned 0.18% of Kingsway Financial Services at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the stock. Barclays PLC raised its stake in shares of Kingsway Financial Services by 325.5% during the third quarter. Barclays PLC now owns 18,269 shares of the insurance provider's stock valued at $150,000 after acquiring an additional 13,975 shares during the last quarter. JPMorgan Chase & Co. raised its position in Kingsway Financial Services by 368.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 28,532 shares of the insurance provider's stock valued at $236,000 after purchasing an additional 22,438 shares during the last quarter. Private Advisor Group LLC purchased a new stake in Kingsway Financial Services in the 4th quarter worth approximately $102,000. Bard Associates Inc. grew its position in shares of Kingsway Financial Services by 2.8% in the 4th quarter. Bard Associates Inc. now owns 296,059 shares of the insurance provider's stock worth $2,478,000 after buying an additional 7,946 shares during the last quarter. Finally, Wells Fargo & Company MN grew its position in shares of Kingsway Financial Services by 50.0% in the 4th quarter. Wells Fargo & Company MN now owns 5,937 shares of the insurance provider's stock worth $50,000 after buying an additional 1,980 shares during the last quarter. 72.38% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Kingsway Financial Services

In other Kingsway Financial Services news, Director Joseph Stilwell sold 1,000,000 shares of the stock in a transaction on Wednesday, March 26th. The stock was sold at an average price of $8.00, for a total value of $8,000,000.00. Following the completion of 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 53.83% of the company's stock.

Analysts Set New Price Targets

Separately, StockNews.com lowered Kingsway Financial Services from a "hold" rating to a "sell" rating in a research note on Monday.

Kingsway Financial Services Stock Up 0.0%

Shares of NYSE KFS opened at $9.00 on Tuesday. The firm has a fifty day simple moving average of $8.05 and a two-hundred day simple moving average of $8.27. Kingsway Financial Services Inc. has a 12 month low of $7.06 and a 12 month high of $9.58. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.41 and a current ratio of 0.41.

Kingsway Financial Services (NYSE:KFS - Get Free Report) TSE: KFS last released its quarterly earnings results on Thursday, May 8th. The insurance provider reported ($0.13) earnings per share (EPS) for the quarter. Kingsway Financial Services had a negative return on equity of 7.83% and a negative net margin of 3.63%.

Kingsway Financial Services Company Profile

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.

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