Kingsway Financial Services (NYSE:KFS) Stock Price Passes Above 200-Day Moving Average - What's Next?

Key Points

• Kingsway Financial Services' stock price has surpassed its 200-day moving average, trading at $14.42, while the 200-day moving average stands at $10.09.
• Wall Street Zen has recently dropped its rating on Kingsway Financial Services from "hold" to "sell," reflecting analysts' concerns about the company's performance.
• Insider trading activity revealed that Director Joseph Stilwell sold over 128,000 shares, reducing his ownership by 20.82%, while corporate insiders still own 54.75% of the company.

Shares of Kingsway Financial Services, Inc. (NYSE:KFS - Get Free Report) TSE: KFS crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $10.09 and traded as high as $14.60. Kingsway Financial Services shares last traded at $14.42, with a volume of 44,925 shares trading hands.

Wall Street Analyst Weigh In

Separately, Wall Street Zen lowered shares of Kingsway Financial Services from a "hold" rating to a "sell" rating in a research note on Saturday, July 12th.

Kingsway Financial Services Trading Down 2.7%

The company has a debt-to-equity ratio of 1.85, a current ratio of 0.41 and a quick ratio of 0.41. The stock's fifty day moving average is $13.93 and its two-hundred day moving average is $10.19.

Kingsway Financial Services (NYSE:KFS - Get Free Report) TSE: KFS last posted its earnings results on Thursday, May 8th. The insurance provider reported ($0.13) earnings per share 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 news, Director Joseph Stilwell sold 128,243 shares of the company's stock in a transaction on 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 $6,842,613.39. This represents a 20.82% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Over the last quarter, insiders have acquired 697 shares of company stock worth $10,003. 53.83% of the stock is owned by insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Nisa Investment Advisors LLC purchased a new stake in Kingsway Financial Services in the 2nd quarter valued at about $26,000. Goldman Sachs Group Inc. increased its position in shares of Kingsway Financial Services by 11.2% during the first quarter. Goldman Sachs Group Inc. now owns 102,386 shares of the insurance provider's stock valued at $811,000 after acquiring an additional 10,350 shares during the last quarter. Jane Street Group LLC purchased a new stake in shares of Kingsway Financial Services during the first quarter valued at approximately $149,000. Nuveen LLC bought a new stake in Kingsway Financial Services during the first quarter worth $139,000. Finally, Virtu Financial LLC purchased a new position in Kingsway Financial Services in the first quarter worth $132,000. 72.38% of the stock is currently owned by hedge funds and other institutional investors.

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.