Kingstone Companies (NASDAQ:KINS) Stock Price Crosses Below 200-Day Moving Average - Time to Sell?

Kingstone Companies, Inc (NASDAQ:KINS - Get Free Report) shares passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $16.28 and traded as low as $14.86. Kingstone Companies shares last traded at $15.00, with a volume of 185,080 shares traded.

Analyst Upgrades and Downgrades

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

Kingstone Companies Price Performance

The stock's 50 day simple moving average is $16.79 and its 200-day simple moving average is $16.25. The stock has a market capitalization of $210.57 million, a price-to-earnings ratio of 9.45 and a beta of 0.60. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.47 and a quick ratio of 0.47.

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

Insider Transactions at Kingstone Companies

In other Kingstone Companies news, Director Thomas Newgarden acquired 12,500 shares of Kingstone Companies stock in a transaction on Tuesday, May 27th. The shares were purchased at an average cost of $16.77 per share, with a total value of $209,625.00. Following the completion of the purchase, the director now owns 51,715 shares in the company, valued at $867,260.55. The trade was a 31.88% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 12.20% of the stock is owned by company insiders.

Hedge Funds Weigh In On Kingstone Companies

Several hedge funds have recently modified their holdings of the stock. SBI Securities Co. Ltd. acquired a new position in shares of Kingstone Companies during the 4th quarter worth approximately $26,000. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of Kingstone Companies during the 1st quarter worth about $39,000. Tower Research Capital LLC TRC boosted its holdings in shares of Kingstone Companies by 370.6% during the 4th quarter. Tower Research Capital LLC TRC now owns 2,847 shares of the insurance provider's stock worth $43,000 after buying an additional 2,242 shares during the period. State of Wyoming acquired a new stake in Kingstone Companies during the fourth quarter worth approximately $103,000. Finally, JPMorgan Chase & Co. grew its position in shares of Kingstone Companies by 8.1% in the fourth quarter. JPMorgan Chase & Co. now owns 11,042 shares of the insurance provider's stock valued at $168,000 after purchasing an additional 823 shares during the last quarter. Institutional investors 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.