Kingstone Companies (NASDAQ:KINS) Share Price Passes Below 200-Day Moving Average - What's Next?

Kingstone Companies, Inc (NASDAQ:KINS - Get Free Report)'s share price crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $16.16 and traded as low as $15.38. Kingstone Companies shares last traded at $15.92, with a volume of 139,445 shares traded.

Wall Street Analyst Weigh In

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

Kingstone Companies Trading Up 0.2%

The company has a market cap of $221.33 million, a P/E ratio of 9.94 and a beta of 0.57. The firm's 50 day moving average is $15.47 and its two-hundred day moving average is $16.17. The company has a quick ratio of 0.47, a current ratio of 0.47 and a debt-to-equity ratio of 0.07.

Kingstone Companies (NASDAQ:KINS - Get Free Report) last issued its quarterly earnings results on Thursday, May 8th. The insurance provider reported $0.17 EPS for the quarter. Kingstone Companies had a net margin of 12.25% and a return on equity of 31.92%. As a group, equities research analysts anticipate that Kingstone Companies, Inc will post 1.4 EPS for the current year.

Kingstone Companies Announces Dividend

The business also recently disclosed a -- dividend, which will be paid on Tuesday, August 26th. Stockholders of record on Monday, August 11th will be issued a dividend of $0.05 per share. The ex-dividend date is Monday, August 11th. Kingstone Companies's dividend payout ratio is currently 12.58%.

Insiders Place Their Bets

In other Kingstone Companies news, Director Thomas Newgarden purchased 12,500 shares of the firm's stock in a transaction on Tuesday, May 27th. The stock was acquired at an average price of $16.77 per share, for a total transaction of $209,625.00. Following the purchase, the director owned 51,715 shares of the company's stock, valued at $867,260.55. This trade represents a 31.88% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Company insiders own 5.10% of the company's stock.

Hedge Funds Weigh In On Kingstone Companies

A number of hedge funds have recently added to or reduced their stakes in the stock. Janney Montgomery Scott LLC lifted its position in shares of Kingstone Companies by 15.3% during the second quarter. Janney Montgomery Scott LLC now owns 18,763 shares of the insurance provider's stock valued at $289,000 after purchasing an additional 2,488 shares in the last quarter. Palisades Investment Partners LLC grew its stake in Kingstone Companies by 128.1% in the 2nd quarter. Palisades Investment Partners LLC now owns 139,592 shares of the insurance provider's stock valued at $2,151,000 after purchasing an additional 78,387 shares during the period. Sheets Smith Wealth Management purchased a new stake in shares of Kingstone Companies during the 2nd quarter valued at $352,000. Goldman Sachs Group Inc. boosted its stake in Kingstone Companies by 62.2% in the first quarter. Goldman Sachs Group Inc. now owns 65,392 shares of the insurance provider's stock valued at $1,089,000 after acquiring an additional 25,074 shares during the last quarter. Finally, Acadian Asset Management LLC bought a new position in Kingstone Companies during the first quarter valued at $495,000. Institutional investors and hedge funds own 14.91% of the company's stock.

Kingstone Companies Company 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.