Squarepoint Ops LLC Invests $331,000 in Kingstone Companies, Inc. (NASDAQ:KINS)

Squarepoint Ops LLC bought a new stake in Kingstone Companies, Inc. (NASDAQ:KINS - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 21,762 shares of the insurance provider's stock, valued at approximately $331,000. Squarepoint Ops LLC owned 0.18% of Kingstone Companies as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Angel Oak Capital Advisors LLC acquired a new stake in shares of Kingstone Companies in the fourth quarter valued at $3,704,000. Marshall Wace LLP grew its stake in shares of Kingstone Companies by 223.5% in the fourth quarter. Marshall Wace LLP now owns 282,181 shares of the insurance provider's stock valued at $4,286,000 after buying an additional 194,952 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Kingstone Companies in the fourth quarter valued at $2,371,000. LPL Financial LLC acquired a new stake in shares of Kingstone Companies in the fourth quarter valued at $1,105,000. Finally, Renaissance Technologies LLC grew its stake in shares of Kingstone Companies by 15.5% in the fourth quarter. Renaissance Technologies LLC now owns 515,989 shares of the insurance provider's stock valued at $7,838,000 after buying an additional 69,400 shares in the last quarter. Hedge funds and other institutional investors own 14.91% of the company's stock.

Wall Street Analyst Weigh In

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

Insider Transactions at Kingstone Companies

In other Kingstone Companies news, Director Thomas Newgarden acquired 12,500 shares of the stock in a transaction dated Tuesday, May 27th. The stock was acquired at an average cost of $16.77 per share, with a total value of $209,625.00. Following the transaction, the director now owns 51,715 shares in the company, valued at $867,260.55. The trade was a 31.88% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 12.20% of the company's stock.

Kingstone Companies Stock Up 2.1%

KINS traded up $0.32 on Tuesday, hitting $15.36. 271,405 shares of the company were exchanged, compared to its average volume of 255,988. Kingstone Companies, Inc. has a twelve month low of $4.65 and a twelve month high of $22.40. The company 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. The firm has a 50-day moving average price of $16.92 and a two-hundred day moving average price of $16.31.

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