De Lisle Partners LLP Buys 55,710 Shares of Kingstone Companies, Inc (NASDAQ:KINS)

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 increased its holdings in Kingstone Companies, Inc (NASDAQ:KINS - Free Report) by 139.3% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 95,710 shares of the insurance provider's stock after purchasing an additional 55,710 shares during the quarter. De Lisle Partners LLP owned 0.70% of Kingstone Companies worth $1,593,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in the business. Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of Kingstone Companies in the first quarter valued at about $39,000. Tower Research Capital LLC TRC increased its position in shares of 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 acquiring an additional 2,242 shares during the period. State of Wyoming purchased a new position in shares of Kingstone Companies in the fourth quarter valued at about $103,000. JPMorgan Chase & Co. increased its position in shares of 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 acquiring an additional 823 shares during the period. Finally, Schonfeld Strategic Advisors LLC bought a new stake in shares of Kingstone Companies during the 4th quarter valued at about $211,000. Hedge funds and other institutional investors own 14.91% of the company's stock.

Kingstone Companies Stock Down 6.0%

Kingstone Companies stock traded down $0.98 during trading hours on Friday, hitting $15.41. The stock had a trading volume of 247,952 shares, compared to its average volume of 310,313. 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 stock has a market capitalization of $215.86 million, a P/E ratio of 9.69 and a beta of 0.57. Kingstone Companies, Inc has a 12-month low of $6.26 and a 12-month high of $22.40. The stock's 50-day moving average price is $15.44 and its 200-day moving average price is $16.20.

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

Kingstone Companies Announces Dividend

The business also recently disclosed 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 of this dividend is Monday, August 11th. Kingstone Companies's payout ratio is presently 12.58%.

Insider Buying and Selling at Kingstone Companies

In related news, Director Thomas Newgarden acquired 12,500 shares of the firm's stock in a transaction dated Tuesday, May 27th. The stock was purchased 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 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 ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. 5.10% of the stock is owned by insiders.

Wall Street Analyst Weigh In

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.

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.