Kingsway Financial Services (NYSE:KFS) Rating Lowered to "Sell" at Wall Street Zen

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

Kingsway Financial Services Stock Up 0.2%

KFS stock traded up $0.03 during trading on Friday, hitting $14.57. 57,206 shares of the stock traded hands, compared to its average volume of 55,362. Kingsway Financial Services has a one year low of $7.06 and a one year high of $16.80. The company has a 50 day simple moving average of $12.67 and a 200 day simple moving average of $9.60. The company has a current ratio of 0.41, a quick ratio of 0.41 and a debt-to-equity ratio of 1.85.

Kingsway Financial Services (NYSE:KFS - Get Free Report) TSE: KFS last announced 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 net margin of 3.92% and a negative return on equity of 37.05%.

Insider Transactions at Kingsway Financial Services

In other Kingsway Financial Services news, Director Joseph Stilwell sold 128,243 shares of the firm's stock in a transaction dated Friday, June 27th. The shares were sold at an average price of $14.03, for a total value of $1,799,249.29. Following the completion of the sale, the director owned 487,713 shares in the company, valued at approximately $6,842,613.39. This trade represents a 20.82% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 53.83% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Kingsway Financial Services

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Wells Fargo & Company MN increased its position in Kingsway Financial Services by 50.0% in the 4th quarter. Wells Fargo & Company MN now owns 5,937 shares of the insurance provider's stock valued at $50,000 after acquiring an additional 1,980 shares in the last quarter. Bank of America Corp DE increased its position in Kingsway Financial Services by 36.5% in the 4th quarter. Bank of America Corp DE now owns 12,334 shares of the insurance provider's stock valued at $103,000 after acquiring an additional 3,300 shares in the last quarter. Private Advisor Group LLC increased its position in Kingsway Financial Services by 9.5% in the 1st quarter. Private Advisor Group LLC now owns 13,362 shares of the insurance provider's stock valued at $106,000 after acquiring an additional 1,154 shares in the last quarter. Townsquare Capital LLC acquired a new stake in Kingsway Financial Services in the 4th quarter valued at about $108,000. Finally, Virtu Financial LLC acquired a new stake in Kingsway Financial Services in the 1st quarter valued at about $132,000. Institutional investors and hedge funds own 72.38% of the company's stock.

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.