Insider Selling: Kingsway Financial Services (NYSE:KFS) Director Sells 25,000 Shares of Stock

Key Points

• Director Joseph Stilwell of Kingsway Financial Services sold 25,000 shares at an average price of $14.41, totaling $360,250, reducing his ownership by 5.11%.
• The company reported a negative earnings per share of ($0.13) in its latest quarterly results, alongside a negative net margin of 4.46%.
• Analysts at Wall Street Zen upgraded Kingsway Financial Services from a "sell" rating to a "hold" rating as of August 9th.

Kingsway Financial Services, Inc. (NYSE:KFS - Get Free Report) TSE: KFS Director Joseph Stilwell sold 25,000 shares of the stock in a transaction that occurred on Monday, September 8th. The shares were sold at an average price of $14.41, for a total value of $360,250.00. Following the sale, the director directly owned 464,342 shares of the company's stock, valued at $6,691,168.22. The trade was a 5.11% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Joseph Stilwell also recently made the following trade(s):

• On Friday, August 22nd, Joseph Stilwell sold 75,000 shares of Kingsway Financial Services stock. The shares were sold at an average price of $14.18, for a total value of $1,063,500.00.
• On Monday, August 18th, Joseph Stilwell sold 71,429 shares of Kingsway Financial Services stock. The stock was sold at an average price of $14.04, for a total value of $1,002,863.16.
• On Monday, June 30th, Joseph Stilwell sold 32,978 shares of Kingsway Financial Services stock. The stock was sold at an average price of $13.90, for a total transaction of $458,394.20.
• On Friday, June 27th, Joseph Stilwell sold 128,243 shares of Kingsway Financial Services stock. The shares were sold at an average price of $14.03, for a total value of $1,799,249.29.

Kingsway Financial Services Price Performance

Shares of KFS stock traded down $0.24 during trading hours on Wednesday, reaching $14.10. The stock had a trading volume of 35,361 shares, compared to its average volume of 68,108. Kingsway Financial Services, Inc. has a 12 month low of $7.06 and a 12 month high of $16.80. The stock's fifty day simple moving average is $14.32 and its 200 day simple moving average is $11.38. The company has a debt-to-equity ratio of 0.72, a current ratio of 0.54 and a quick ratio of 0.54.

Kingsway Financial Services (NYSE:KFS - Get Free Report) TSE: KFS last released its quarterly earnings results on Thursday, August 7th. The insurance provider reported ($0.13) earnings per share for the quarter. Kingsway Financial Services had a negative net margin of 4.46% and a negative return on equity of 40.69%.

Hedge Funds Weigh In On Kingsway Financial Services

A number of institutional investors have recently bought and sold shares of the company. Osaic Holdings Inc. increased its position in shares of Kingsway Financial Services by 17.2% during the second quarter. Osaic Holdings Inc. now owns 6,925 shares of the insurance provider's stock valued at $94,000 after acquiring an additional 1,015 shares during the last quarter. Tower Research Capital LLC TRC raised its position in Kingsway Financial Services by 220.9% in the second quarter. Tower Research Capital LLC TRC now owns 3,809 shares of the insurance provider's stock valued at $52,000 after purchasing an additional 2,622 shares during the period. Bank of America Corp DE lifted its stake in Kingsway Financial Services by 4.8% during the second quarter. Bank of America Corp DE now owns 34,992 shares of the insurance provider's stock worth $474,000 after purchasing an additional 1,592 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Kingsway Financial Services by 27.4% during the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,924 shares of the insurance provider's stock worth $134,000 after buying an additional 2,132 shares during the period. Finally, 1060 Capital LLC acquired a new stake in shares of Kingsway Financial Services in the second quarter valued at $1,021,000. 72.38% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, Wall Street Zen raised Kingsway Financial Services from a "sell" rating to a "hold" rating in a report on Saturday, August 9th.

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.

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