Greenhaven Road Investment Management L.P. Increases Holdings in Kingsway Financial Services, Inc. (NYSE:KFS)

Greenhaven Road Investment Management L.P. lifted its holdings in Kingsway Financial Services, Inc. (NYSE:KFS - Free Report) TSE: KFS by 47.9% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 755,645 shares of the insurance provider's stock after purchasing an additional 244,585 shares during the quarter. Kingsway Financial Services accounts for approximately 2.4% of Greenhaven Road Investment Management L.P.'s holdings, making the stock its 11th largest position. Greenhaven Road Investment Management L.P. owned approximately 2.74% of Kingsway Financial Services worth $5,985,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. JPMorgan Chase & Co. lifted its position in shares of Kingsway Financial Services by 63.4% during the 4th quarter. JPMorgan Chase & Co. now owns 46,627 shares of the insurance provider's stock worth $390,000 after buying an additional 18,095 shares during the period. Wells Fargo & Company MN boosted its stake in Kingsway Financial Services by 50.0% in the fourth quarter. Wells Fargo & Company MN now owns 5,937 shares of the insurance provider's stock worth $50,000 after purchasing an additional 1,980 shares in the last quarter. Townsquare Capital LLC acquired a new position in Kingsway Financial Services in the fourth quarter worth $108,000. Barclays PLC boosted its stake in Kingsway Financial Services by 10.2% in the fourth quarter. Barclays PLC now owns 20,126 shares of the insurance provider's stock worth $169,000 after purchasing an additional 1,857 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in Kingsway Financial Services by 14.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 89,411 shares of the insurance provider's stock worth $748,000 after purchasing an additional 11,315 shares in the last quarter. Institutional investors own 72.38% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen lowered Kingsway Financial Services from a "hold" rating to a "sell" rating in a research note on Saturday, July 12th.

Insider Buying and Selling at Kingsway Financial Services

In related news, Director Joseph Stilwell sold 128,243 shares of the company's stock in a transaction dated Friday, June 27th. The shares were sold at an average price of $14.03, for a total transaction of $1,799,249.29. Following the completion of the sale, the director owned 487,713 shares of the company's stock, valued at approximately $6,842,613.39. This represents a 20.82% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have bought a total of 523 shares of company stock valued at $7,494 in the last three months. Corporate insiders own 53.83% of the company's stock.

Kingsway Financial Services Price Performance

Shares of NYSE:KFS traded down $0.16 during midday trading on Monday, hitting $14.16. The company had a trading volume of 37,659 shares, compared to its average volume of 55,486. The company has a current ratio of 0.41, a quick ratio of 0.41 and a debt-to-equity ratio of 1.85. Kingsway Financial Services, Inc. has a 12-month low of $7.06 and a 12-month high of $16.80. The company has a fifty day moving average of $13.21 and a two-hundred day moving average of $9.83.

Kingsway Financial Services (NYSE:KFS - Get Free Report) TSE: KFS last announced its quarterly earnings data on Thursday, May 8th. The insurance provider reported ($0.13) earnings per share (EPS) for the quarter. Kingsway Financial Services had a negative return on equity of 37.05% and a negative net margin of 3.92%.

About Kingsway Financial Services

Kingsway Financial Services Inc, through its subsidiaries, engages in the extended warranty and business services in the United States. The company operates through two segments, Extended Warranty and Kingsway Search Xcelerator. The Extended Warranty segment markets, sells, and administers vehicle service agreements and related products for new and used automobiles, motorcycles, and ATVs.