Kingsway Financial Services (NYSE:KFS) Stock Crosses Above Two Hundred Day Moving Average - Should You Sell?

Key Points

• Kingsway Financial Services' stock (NYSE:KFS) recently crossed above its 200-day moving average of $12.65, reaching a high of $16.23 during trading.
• Analysts have mixed ratings on the stock; while Wall Street Zen upgraded it to a "hold", Weiss Ratings maintains a "sell (d-)" rating, contributing to the average rating of "Sell."
• Insider trading activity shows Director Joseph Stilwell sold 75,000 shares recently, while institutional investors own approximately 72.38% of the company's stock.

Kingsway Financial Services, Inc. (NYSE:KFS - Get Free Report) TSE: KFS shares crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $12.65 and traded as high as $16.23. Kingsway Financial Services shares last traded at $15.28, with a volume of 73,114 shares traded.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. Wall Street Zen raised Kingsway Financial Services from a "sell" rating to a "hold" rating in a research note on Saturday, August 9th. Weiss Ratings reissued a "sell (d-)" rating on shares of Kingsway Financial Services in a research note on Wednesday, October 8th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company has an average rating of "Sell".

Kingsway Financial Services Stock Down 3.9%

The business has a 50 day simple moving average of $14.40 and a 200-day simple moving average of $12.65. The company has a quick ratio of 0.54, a current ratio of 0.54 and a debt-to-equity ratio of 0.72.

Kingsway Financial Services (NYSE:KFS - Get Free Report) TSE: KFS last released its quarterly earnings results on Thursday, August 7th. The insurance provider reported ($0.13) EPS for the quarter. Kingsway Financial Services had a negative return on equity of 40.69% and a negative net margin of 4.46%.

Insider Buying and Selling at Kingsway Financial Services

In other news, Director Joseph Stilwell sold 75,000 shares of the stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $14.18, for a total transaction of $1,063,500.00. Following the completion of the sale, the director owned 466,893 shares of the company's stock, valued at $6,620,542.74. This represents a 13.84% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In the last ninety days, insiders have purchased 1,041 shares of company stock valued at $15,015 and have sold 239,429 shares valued at $3,409,173. 53.83% of the stock is owned by company insiders.

Hedge Funds Weigh In On Kingsway Financial Services

A number of large investors have recently added to or reduced their stakes in the company. Osaic Holdings Inc. raised its stake in shares of Kingsway Financial Services by 17.2% in the 2nd quarter. Osaic Holdings Inc. now owns 6,925 shares of the insurance provider's stock valued at $94,000 after purchasing an additional 1,015 shares during the period. Tower Research Capital LLC TRC grew its holdings in shares of Kingsway Financial Services by 220.9% during the second quarter. Tower Research Capital LLC TRC now owns 3,809 shares of the insurance provider's stock worth $52,000 after buying an additional 2,622 shares in the last quarter. Bank of America Corp DE grew its holdings in shares of Kingsway Financial Services by 4.8% during the second quarter. Bank of America Corp DE now owns 34,992 shares of the insurance provider's stock worth $474,000 after buying an additional 1,592 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Kingsway Financial Services by 27.4% in the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,924 shares of the insurance provider's stock valued at $134,000 after buying an additional 2,132 shares during the last quarter. Finally, 1060 Capital LLC bought a new stake in Kingsway Financial Services in the 2nd quarter valued at approximately $1,021,000. Institutional investors 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.

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