Kingstone Companies (NASDAQ:KINS) Shares Pass Below Two Hundred Day Moving Average - What's Next?

Shares of Kingstone Companies, Inc. (NASDAQ:KINS - Get Free Report) crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $16.25 and traded as low as $15.17. Kingstone Companies shares last traded at $15.26, with a volume of 313,553 shares traded.

Wall Street Analyst Weigh In

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

Kingstone Companies Stock Up 1.6%

The stock has a fifty day moving average of $17.00 and a two-hundred day moving average of $16.31. The company has a quick ratio of 0.43, a current ratio of 0.43 and a debt-to-equity ratio of 0.29. The stock has a market cap of $213.31 million, a price-to-earnings ratio of 11.72 and a beta of 0.60.

Kingstone Companies (NASDAQ:KINS - Get Free Report) last released its quarterly earnings data 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%. As a group, analysts predict that Kingstone Companies, Inc. will post 1.4 EPS for the current fiscal year.

Insider Buying and Selling at Kingstone Companies

In other Kingstone Companies news, Director Thomas Newgarden bought 12,500 shares of Kingstone Companies stock in a transaction that occurred on Tuesday, May 27th. The shares were acquired at an average price of $16.77 per share, for a total transaction of $209,625.00. Following the acquisition, the director now owns 51,715 shares of the company's stock, valued at $867,260.55. The trade was a 31.88% increase in their position. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. 12.20% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. SBI Securities Co. Ltd. purchased a new stake in shares of Kingstone Companies in the fourth quarter worth about $26,000. Thurston Springer Miller Herd & Titak Inc. acquired a new position in Kingstone Companies during the 1st quarter worth approximately $39,000. Tower Research Capital LLC TRC lifted its position in 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 acquiring an additional 2,242 shares in the last quarter. State of Wyoming purchased a new position in Kingstone Companies in the 4th quarter worth approximately $103,000. Finally, JPMorgan Chase & Co. grew its position in 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 acquiring an additional 823 shares in the last quarter. 14.91% of the stock is owned by hedge funds and other institutional investors.

About Kingstone Companies

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.