Millennium Management LLC Increases Stock Holdings in Kingstone Companies, Inc. (NASDAQ:KINS)

Millennium Management LLC increased its position in shares of Kingstone Companies, Inc. (NASDAQ:KINS - Free Report) by 155.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 48,866 shares of the insurance provider's stock after purchasing an additional 29,742 shares during the period. Millennium Management LLC owned 0.40% of Kingstone Companies worth $742,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the business. JPMorgan Chase & Co. boosted its position 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 worth $168,000 after acquiring an additional 823 shares in the last quarter. Jump Financial LLC lifted its stake in Kingstone Companies by 6.6% during the fourth quarter. Jump Financial LLC now owns 23,996 shares of the insurance provider's stock worth $364,000 after purchasing an additional 1,495 shares during the last quarter. Cruiser Capital Advisors LLC boosted its holdings in Kingstone Companies by 3.6% in the fourth quarter. Cruiser Capital Advisors LLC now owns 44,520 shares of the insurance provider's stock valued at $676,000 after purchasing an additional 1,560 shares in the last quarter. SBI Securities Co. Ltd. purchased a new position in Kingstone Companies in the fourth quarter valued at approximately $26,000. Finally, Tower Research Capital LLC TRC raised its holdings in Kingstone Companies by 370.6% during the fourth quarter. Tower Research Capital LLC TRC now owns 2,847 shares of the insurance provider's stock worth $43,000 after purchasing an additional 2,242 shares in the last quarter. Hedge funds and other institutional investors own 14.91% of the company's stock.

Insider Activity

In related news, Director Thomas Newgarden purchased 12,500 shares of the company's stock in a transaction that occurred on Tuesday, May 27th. The shares were purchased at an average price of $16.77 per share, for a total transaction of $209,625.00. Following the transaction, the director now directly owns 51,715 shares of the company's stock, valued at approximately $867,260.55. The trade was a 31.88% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 12.20% of the company's stock.

Wall Street Analyst Weigh In

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

Kingstone Companies Stock Performance

Shares of Kingstone Companies stock traded up $0.32 on Tuesday, hitting $15.36. The stock had a trading volume of 271,405 shares, compared to its average volume of 255,988. The stock has a market cap of $215.13 million, a price-to-earnings ratio of 11.82 and a beta of 0.60. The company has a current ratio of 0.43, a quick ratio of 0.43 and a debt-to-equity ratio of 0.29. Kingstone Companies, Inc. has a 52-week low of $4.65 and a 52-week high of $22.40. The company's 50 day moving average price is $16.92 and its 200 day moving average price is $16.31.

Kingstone Companies (NASDAQ:KINS - Get Free Report) last announced its earnings results on Thursday, May 8th. The insurance provider reported $0.17 EPS for the quarter. Kingstone Companies had a net margin of 10.60% and a return on equity of 32.55%. On average, research analysts anticipate that Kingstone Companies, Inc. will post 1.4 EPS for the current year.

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.