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

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

Several other hedge funds also recently modified their holdings of KINS. American Century Companies Inc. boosted its holdings in shares of Kingstone Companies by 186.6% during the 4th quarter. American Century Companies Inc. now owns 85,358 shares of the insurance provider's stock valued at $1,297,000 after acquiring an additional 55,572 shares in the last quarter. LPL Financial LLC acquired a new stake in shares of Kingstone Companies during the 4th quarter valued at $1,105,000. JPMorgan Chase & Co. boosted its holdings 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 in the last quarter. Arrowstreet Capital Limited Partnership boosted its holdings in shares of Kingstone Companies by 85.3% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 67,625 shares of the insurance provider's stock valued at $1,027,000 after acquiring an additional 31,137 shares in the last quarter. Finally, O Shaughnessy Asset Management LLC boosted its holdings in shares of Kingstone Companies by 132.1% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 70,694 shares of the insurance provider's stock valued at $1,074,000 after acquiring an additional 40,241 shares in the last quarter. Institutional investors and hedge funds own 14.91% of the company's stock.

Wall Street Analyst Weigh In

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

Kingstone Companies Trading Down 3.6%

KINS traded down $0.58 during midday trading on Friday, hitting $15.62. 373,138 shares of the company were exchanged, compared to its average volume of 310,542. The firm has a market capitalization of $218.84 million, a P/E ratio of 9.81 and a beta of 0.52. Kingstone Companies, Inc has a 1-year low of $7.13 and a 1-year high of $22.40. The firm's 50 day moving average price is $15.37 and its 200-day moving average price is $16.24. The company has a quick ratio of 0.47, a current ratio of 0.47 and a debt-to-equity ratio of 0.07.

Kingstone Companies (NASDAQ:KINS - Get Free Report) last announced its earnings results on Thursday, August 7th. The insurance provider reported $0.75 EPS for the quarter, topping the consensus estimate of $0.55 by $0.20. The firm had revenue of $59.80 million for the quarter, compared to the consensus estimate of $45.20 million. Kingstone Companies had a return on equity of 31.92% and a net margin of 12.25%. As a group, equities analysts forecast that Kingstone Companies, Inc will post 1.4 EPS for the current fiscal year.

Kingstone Companies Dividend Announcement

The firm also recently disclosed a -- dividend, which will be paid on Tuesday, August 26th. Stockholders of record on Monday, August 11th will be paid a $0.05 dividend. The ex-dividend date of this dividend is Monday, August 11th.

Insider Activity

In other Kingstone Companies news, Director Thomas Newgarden acquired 12,500 shares of the company's stock in a transaction dated Tuesday, May 27th. The shares were bought at an average cost of $16.77 per share, with a total value of $209,625.00. Following the purchase, the director directly 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 legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 5.10% of the stock is owned by corporate insiders.

Kingstone Companies 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.