Kingsway Financial Services (NYSE:KFS) Stock Crosses Above 200 Day Moving Average - Here's What Happened

Kingsway Financial Services, Inc. (NYSE:KFS - Get Free Report) TSE: KFS crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $9.37 and traded as high as $16.62. Kingsway Financial Services shares last traded at $15.98, with a volume of 103,710 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen cut shares of Kingsway Financial Services from a "hold" rating to a "sell" rating in a report on Wednesday, May 21st.

Kingsway Financial Services Stock Performance

The stock's fifty day moving average price is $12.31 and its 200 day moving average price is $9.48. 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 posted its quarterly earnings results on Thursday, May 8th. The insurance provider reported ($0.13) 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 Activity at Kingsway Financial Services

In related news, Director Joseph Stilwell sold 32,978 shares of the firm's stock in a transaction that occurred on Monday, June 30th. The shares were sold at an average price of $13.90, for a total value of $458,394.20. Following the sale, the director owned 481,817 shares in the company, valued at approximately $6,697,256.30. This trade represents a 6.41% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 54.75% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Kingsway Financial Services

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Mirabella Financial Services LLP purchased a new stake in Kingsway Financial Services in the fourth quarter worth approximately $13,392,000. Greenhaven Road Investment Management L.P. boosted its holdings in Kingsway Financial Services by 47.9% in the first quarter. Greenhaven Road Investment Management L.P. now owns 755,645 shares of the insurance provider's stock worth $5,985,000 after purchasing an additional 244,585 shares during the last quarter. Northern Trust Corp boosted its holdings in Kingsway Financial Services by 9.8% in the fourth quarter. Northern Trust Corp now owns 141,751 shares of the insurance provider's stock worth $1,186,000 after purchasing an additional 12,691 shares during the last quarter. Goldman Sachs Group Inc. boosted its holdings in Kingsway Financial Services by 11.2% in the first quarter. Goldman Sachs Group Inc. now owns 102,386 shares of the insurance provider's stock worth $811,000 after purchasing an additional 10,350 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in Kingsway Financial Services by 14.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 89,411 shares of the insurance provider's stock worth $748,000 after purchasing an additional 11,315 shares during the last quarter. Hedge funds and other institutional investors 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.