Kingsway Financial Services (NYSE:KFS) Share Price Crosses Above 200 Day Moving Average - Time to Sell?

Kingsway Financial Services, Inc. (NYSE:KFS - Get Free Report) TSE: KFS's stock price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $8.83 and traded as high as $13.89. Kingsway Financial Services shares last traded at $13.75, with a volume of 24,294 shares.

Analysts Set New Price Targets

Separately, Wall Street Zen downgraded Kingsway Financial Services from a "hold" rating to a "sell" rating in a research note on Wednesday, May 21st.

Kingsway Financial Services Price Performance

The stock's 50-day moving average price is $10.65 and its 200-day moving average price is $8.93. 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 (NYSE:KFS - Get Free Report) TSE: KFS last issued its quarterly earnings data on Thursday, May 8th. The insurance provider reported ($0.13) earnings per share for the quarter. Kingsway Financial Services had a negative return on equity of 37.05% and a negative net margin of 3.92%.

Insider Activity

In other Kingsway Financial Services news, Director Joseph Stilwell sold 1,000,000 shares of the stock in a transaction dated Wednesday, March 26th. The shares were sold at an average price of $8.00, for a total transaction of $8,000,000.00. Following the sale, the director now directly owns 498,937 shares in the company, valued at $3,991,496. This represents a 66.71% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 53.83% of the stock is owned by company insiders.

Institutional Trading of Kingsway Financial Services

Several large investors have recently made changes to their positions in KFS. Mirabella Financial Services LLP acquired a new stake in shares of Kingsway Financial Services in the 4th quarter valued at $13,392,000. Greenhaven Road Investment Management L.P. raised its stake in Kingsway Financial Services by 47.9% during 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 acquiring an additional 244,585 shares in the last quarter. Bard Associates Inc. lifted its holdings in shares of Kingsway Financial Services by 2.8% in the fourth quarter. Bard Associates Inc. now owns 296,059 shares of the insurance provider's stock worth $2,478,000 after acquiring an additional 7,946 shares during the last quarter. Northern Trust Corp lifted its holdings in shares of 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 acquiring an additional 12,691 shares during the last quarter. Finally, Goldman Sachs Group Inc. lifted its stake in Kingsway Financial Services by 11.2% in the 1st quarter. Goldman Sachs Group Inc. now owns 102,386 shares of the insurance provider's stock valued at $811,000 after purchasing an additional 10,350 shares during the last quarter. 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.