Wall Street Zen Downgrades Kingsway Financial Services (NYSE:KFS) to Sell

Wall Street Zen lowered shares of Kingsway Financial Services (NYSE:KFS - Free Report) TSE: KFS from a hold rating to a sell rating in a research note issued to investors on Saturday.

Kingsway Financial Services Price Performance

NYSE KFS traded down $0.03 during trading hours on Friday, reaching $14.36. 39,436 shares of the company's stock were exchanged, compared to its average volume of 55,232. The company has a debt-to-equity ratio of 1.85, a current ratio of 0.41 and a quick ratio of 0.41. Kingsway Financial Services has a one year low of $7.06 and a one year high of $16.80. The company's 50-day moving average is $12.67 and its two-hundred day moving average is $9.62.

Kingsway Financial Services (NYSE:KFS - Get Free Report) TSE: KFS last posted its quarterly earnings results on Thursday, May 8th. The insurance provider reported ($0.13) earnings per share (EPS) for the quarter. Kingsway Financial Services had a negative return on equity of 37.05% and a negative net margin of 3.92%.

Insider Buying and Selling

In other news, Director Joseph Stilwell sold 32,978 shares of the stock in a transaction that occurred on Monday, June 30th. The stock was sold at an average price of $13.90, for a total value of $458,394.20. Following the sale, the director directly owned 481,817 shares in the company, valued at approximately $6,697,256.30. This represents a 6.41% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 53.83% of the company's stock.

Hedge Funds Weigh In On Kingsway Financial Services

Large investors have recently bought and sold shares of the business. Private Advisor Group LLC raised its stake in shares of Kingsway Financial Services by 9.5% during the 1st quarter. Private Advisor Group LLC now owns 13,362 shares of the insurance provider's stock worth $106,000 after buying an additional 1,154 shares in the last quarter. Greenhaven Road Investment Management L.P. increased its position in shares of Kingsway Financial Services by 0.3% during the fourth quarter. Greenhaven Road Investment Management L.P. now owns 511,060 shares of the insurance provider's stock worth $4,278,000 after acquiring an additional 1,769 shares during the last quarter. Barclays PLC lifted its stake in Kingsway Financial Services by 10.2% during the fourth quarter. Barclays PLC now owns 20,126 shares of the insurance provider's stock worth $169,000 after purchasing an additional 1,857 shares during the last quarter. Wells Fargo & Company MN grew its holdings in shares of Kingsway Financial Services by 50.0% during the fourth quarter. Wells Fargo & Company MN now owns 5,937 shares of the insurance provider's stock valued at $50,000 after purchasing an additional 1,980 shares during the last quarter. Finally, Bank of America Corp DE boosted its position in shares of Kingsway Financial Services by 36.5% during the fourth quarter. Bank of America Corp DE now owns 12,334 shares of the insurance provider's stock worth $103,000 after buying an additional 3,300 shares during the period. Institutional investors and hedge funds own 72.38% of the company's stock.

Kingsway Financial Services Company Profile

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.