Kingstone Companies, Inc (NASDAQ:KINS) Position Lifted by De Lisle Partners LLP

Key Points

• De Lisle Partners LLP significantly increased its holdings in Kingstone Companies, Inc., raising its stake by 139.3% to approximately $1.6 million in value after acquiring 55,710 additional shares.
• Kingstone Companies announced a dividend of $0.05 per share, set to be paid on August 26th, with an ex-dividend date on August 11th, reflecting a dividend payout ratio of 12.58%.
• Shares of Kingstone Companies are currently trading at $15.94, with a market cap of $223.29 million and a PE ratio of 10.03, indicating a potential undervaluation in comparison to market benchmarks.

De Lisle Partners LLP raised its stake in shares of Kingstone Companies, Inc (NASDAQ:KINS - Free Report) by 139.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 95,710 shares of the insurance provider's stock after acquiring an additional 55,710 shares during the quarter. De Lisle Partners LLP owned approximately 0.70% of Kingstone Companies worth $1,593,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in KINS. Marshall Wace LLP boosted its stake in Kingstone Companies by 223.5% during the 4th quarter. Marshall Wace LLP now owns 282,181 shares of the insurance provider's stock valued at $4,286,000 after acquiring an additional 194,952 shares during the last quarter. Raymond James Financial Inc. bought a new position in shares of Kingstone Companies in the 4th quarter worth about $2,371,000. LPL Financial LLC bought a new position in shares of Kingstone Companies in the 4th quarter worth about $1,105,000. Renaissance Technologies LLC lifted its position in shares of Kingstone Companies by 15.5% in the 4th quarter. Renaissance Technologies LLC now owns 515,989 shares of the insurance provider's stock worth $7,838,000 after buying an additional 69,400 shares during the last quarter. Finally, Palisades Investment Partners LLC bought a new position in shares of Kingstone Companies in the 4th quarter worth about $913,000. 14.91% of the stock is currently owned by institutional investors.

Insider Activity

In other Kingstone Companies news, Director Thomas Newgarden acquired 12,500 shares of the stock in a transaction dated Tuesday, May 27th. The shares were bought at an average price 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 approximately $867,260.55. This trade represents a 31.88% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 5.10% of the stock is owned by corporate insiders.

Kingstone Companies Trading Up 0.9%

Shares of NASDAQ:KINS opened at $15.94 on Tuesday. The company has a market cap of $223.29 million, a PE ratio of 10.03 and a beta of 0.57. The company's 50-day moving average price is $15.45 and its 200 day moving average price is $16.20. Kingstone Companies, Inc has a fifty-two week low of $6.26 and a fifty-two week 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.

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

Kingstone Companies Announces Dividend

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. Kingstone Companies's dividend payout ratio is currently 12.58%.

Wall Street Analyst Weigh In

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

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.

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