GSA Capital Partners LLP Invests $542,000 in Kingstone Companies, Inc (NASDAQ:KINS)

GSA Capital Partners LLP bought a new stake in Kingstone Companies, Inc (NASDAQ:KINS - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 32,568 shares of the insurance provider's stock, valued at approximately $542,000. GSA Capital Partners LLP owned about 0.24% of Kingstone Companies at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in KINS. Thurston Springer Miller Herd & Titak Inc. acquired a new position in Kingstone Companies in the 1st quarter valued at about $39,000. Tower Research Capital LLC TRC increased its stake in shares of Kingstone Companies by 370.6% during the 4th quarter. Tower Research Capital LLC TRC now owns 2,847 shares of the insurance provider's stock valued at $43,000 after acquiring an additional 2,242 shares during the last quarter. State of Wyoming acquired a new position in shares of Kingstone Companies during the 4th quarter valued at about $103,000. JPMorgan Chase & Co. increased its stake in shares of Kingstone Companies by 8.1% during the 4th quarter. JPMorgan Chase & Co. now owns 11,042 shares of the insurance provider's stock valued at $168,000 after acquiring an additional 823 shares during the last quarter. Finally, Schonfeld Strategic Advisors LLC acquired a new position in shares of Kingstone Companies during the 4th quarter valued at about $211,000. Institutional investors and hedge funds own 14.91% of the company's stock.

Kingstone Companies Trading Up 2.8%

NASDAQ KINS opened at $15.84 on Tuesday. Kingstone Companies, Inc has a 12 month low of $6.27 and a 12 month high of $22.40. The company has a 50-day moving average of $15.40 and a 200-day moving average of $16.24. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.47 and a quick ratio of 0.47. The company has a market cap of $221.92 million, a P/E ratio of 9.96 and a beta of 0.52.

Kingstone Companies (NASDAQ:KINS - Get Free Report) last posted its quarterly earnings data on Thursday, May 8th. The insurance provider reported $0.17 EPS for the quarter. Kingstone Companies had a net margin of 12.25% and a return on equity of 31.92%. As a group, equities analysts predict that Kingstone Companies, Inc will post 1.4 earnings per share for the current year.

Kingstone Companies Announces Dividend

The company also recently announced a -- dividend, which will be paid on Tuesday, August 26th. Stockholders of record on Monday, August 11th will be issued a dividend of $0.05 per share. The ex-dividend date is Monday, August 11th.

Insider Activity

In other news, Director Thomas Newgarden bought 12,500 shares of the firm's stock in a transaction dated Tuesday, May 27th. The stock was acquired at an average price of $16.77 per share, for a total transaction of $209,625.00. Following the acquisition, the director owned 51,715 shares of the company's stock, valued at $867,260.55. This trade represents a 31.88% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Insiders own 5.10% of the company's stock.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen downgraded shares of Kingstone Companies from a "buy" rating to a "hold" rating in a research note on Saturday, May 17th.

About Kingstone Companies

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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