Angel Oak Capital Advisors LLC cut its stake in shares of Kingstone Companies, Inc (NASDAQ:KINS - Free Report) by 8.9% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 222,239 shares of the insurance provider's stock after selling 21,617 shares during the quarter. Kingstone Companies makes up approximately 4.9% of Angel Oak Capital Advisors LLC's portfolio, making the stock its 4th biggest position. Angel Oak Capital Advisors LLC owned 1.62% of Kingstone Companies worth $3,700,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also made changes to their positions in the company. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of Kingstone Companies during the first quarter worth about $39,000. Tower Research Capital LLC TRC increased its stake in Kingstone Companies by 370.6% in the fourth quarter. Tower Research Capital LLC TRC now owns 2,847 shares of the insurance provider's stock valued at $43,000 after purchasing an additional 2,242 shares during the last quarter. State of Wyoming purchased a new position in Kingstone Companies in the fourth quarter valued at approximately $103,000. JPMorgan Chase & Co. increased its stake in Kingstone Companies by 8.1% in the fourth quarter. JPMorgan Chase & Co. now owns 11,042 shares of the insurance provider's stock valued at $168,000 after purchasing an additional 823 shares during the last quarter. Finally, Schonfeld Strategic Advisors LLC purchased a new position in Kingstone Companies in the fourth quarter valued at approximately $211,000. 14.91% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
Separately, Wall Street Zen lowered shares of Kingstone Companies from a "buy" rating to a "hold" rating in a research note on Saturday, May 17th.
Check Out Our Latest Stock Analysis on Kingstone Companies
Insider Buying and Selling at Kingstone Companies
In other news, Director Thomas Newgarden acquired 12,500 shares of the firm's stock in a transaction dated Tuesday, May 27th. The stock was acquired at an average cost of $16.77 per share, with a total value of $209,625.00. Following the completion of the acquisition, the director owned 51,715 shares of the company's stock, valued at $867,260.55. The trade was a 31.88% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 5.10% of the company's stock.
Kingstone Companies Stock Down 0.4%
Kingstone Companies stock traded down $0.07 during mid-day trading on Tuesday, hitting $15.77. The company had a trading volume of 227,400 shares, compared to its average volume of 310,805. The stock has a market cap of $220.94 million, a price-to-earnings ratio of 7.89 and a beta of 0.52. Kingstone Companies, Inc has a 1 year low of $7.60 and a 1 year high of $22.40. The company has a quick ratio of 0.47, a current ratio of 0.47 and a debt-to-equity ratio of 0.07. The business has a fifty day moving average of $15.34 and a 200 day moving average of $16.25.
Kingstone Companies (NASDAQ:KINS - Get Free Report) last announced its quarterly earnings results on Thursday, August 7th. The insurance provider reported $0.75 EPS for the quarter, beating the consensus estimate of $0.55 by $0.20. The company had revenue of $59.80 million for the quarter, compared to analyst estimates of $45.20 million. Kingstone Companies had a net margin of 14.84% and a return on equity of 36.24%. On average, sell-side analysts expect that Kingstone Companies, Inc will post 1.4 earnings per share for the current fiscal year.
Kingstone Companies Announces Dividend
The company also recently disclosed a -- dividend, which will be paid on Tuesday, August 26th. Stockholders of record on Monday, August 11th will be issued a $0.05 dividend. The ex-dividend date of this dividend is Monday, August 11th.
About Kingstone Companies
(
Free Report)
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.
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