Greenhaven Road Investment Management L.P. Acquires 244,585 Shares of Kingsway Financial Services, Inc. (NYSE:KFS)

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

A number of other hedge funds have also recently made changes to their positions in the business. Mirabella Financial Services LLP purchased a new stake in Kingsway Financial Services during the 4th quarter worth approximately $13,392,000. Northern Trust Corp increased its holdings in Kingsway Financial Services by 9.8% in the fourth quarter. Northern Trust Corp now owns 141,751 shares of the insurance provider's stock valued at $1,186,000 after buying an additional 12,691 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Kingsway Financial Services by 14.5% during 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 during the last quarter. Bridgeway Capital Management LLC acquired a new stake in Kingsway Financial Services in the fourth quarter valued at about $410,000. Finally, 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 valued at $390,000 after acquiring an additional 18,095 shares during the period. Institutional investors own 72.38% of the company's stock.

Insider Transactions at Kingsway Financial Services

In related news, Director Joseph Stilwell sold 32,978 shares of the business's stock in a transaction dated Monday, June 30th. The stock was sold at an average price of $13.90, for a total value of $458,394.20. Following the sale, the director directly owned 481,817 shares in the company, valued at approximately $6,697,256.30. The trade was a 6.41% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Over the last three months, insiders have acquired 523 shares of company stock valued at $7,494. Company insiders own 54.75% of the company's stock.

Analyst Ratings Changes

Separately, Wall Street Zen cut shares of Kingsway Financial Services from a "hold" rating to a "sell" rating in a research report on Saturday, July 12th.

Kingsway Financial Services Stock Down 0.4%

Shares of NYSE:KFS traded down $0.06 during mid-day trading on Wednesday, hitting $14.38. The stock had a trading volume of 9,697 shares, compared to its average volume of 55,377. Kingsway Financial Services, Inc. has a 12-month low of $7.06 and a 12-month high of $16.80. The company has a quick ratio of 0.41, a current ratio of 0.41 and a debt-to-equity ratio of 1.85. The company's 50 day moving average is $13.42 and its 200-day moving average is $9.90.

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

Kingsway Financial Services Company Profile

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.