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

Key Points

• Kingsway Financial Services' stock price has recently surpassed its 200-day moving average, indicating a potential shift in market performance, with the current stock price at $14.32.
• The company reported a negative earnings per share of ($0.13) in its last quarterly results and has faced challenges with a return on equity of -40.69% and a net margin of -4.46%.
• Insider selling activity includes Director Joseph Stilwell offloading 75,000 shares, marking a 13.84% decrease in ownership, amid a backdrop of varying institutional investment trends.

Kingsway Financial Services, Inc. (NYSE:KFS - Get Free Report) TSE: KFS shares crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $12.09 and traded as high as $14.65. Kingsway Financial Services shares last traded at $14.32, with a volume of 34,370 shares traded.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen upgraded Kingsway Financial Services from a "sell" rating to a "hold" rating in a report on Saturday, August 9th.

Kingsway Financial Services Stock Performance

The business has a 50-day simple moving average of $14.17 and a two-hundred day simple moving average of $12.09. The company has a current ratio of 0.54, a quick ratio of 0.54 and a debt-to-equity ratio of 0.72.

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

Insider Activity at Kingsway Financial Services

In other news, Director Joseph Stilwell sold 75,000 shares of the company's stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $14.18, for a total value of $1,063,500.00. Following the transaction, the director owned 466,893 shares of the company's stock, valued at approximately $6,620,542.74. This represents a 13.84% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Over the last 90 days, insiders purchased 1,214 shares of company stock valued at $17,498 and sold 239,429 shares valued at $3,409,173. Insiders own 53.83% of the company's stock.

Institutional Investors Weigh In On Kingsway Financial Services

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Mirabella Financial Services LLP lifted its stake in Kingsway Financial Services by 10.4% during the second quarter. Mirabella Financial Services LLP now owns 1,934,586 shares of the insurance provider's stock worth $26,194,000 after purchasing an additional 182,496 shares during the last quarter. Greenhaven Road Investment Management L.P. lifted its stake in shares of Kingsway Financial Services by 73.4% in the 2nd quarter. Greenhaven Road Investment Management L.P. now owns 1,310,536 shares of the insurance provider's stock valued at $17,745,000 after acquiring an additional 554,891 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Kingsway Financial Services by 20.2% in the 2nd quarter. Geode Capital Management LLC now owns 426,836 shares of the insurance provider's stock valued at $5,780,000 after acquiring an additional 71,720 shares during the last quarter. Goldman Sachs Group Inc. lifted its stake in shares of 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 acquiring an additional 10,350 shares during the last quarter. Finally, 1060 Capital LLC bought a new position in shares of Kingsway Financial Services in the 2nd quarter valued at $1,021,000. 72.38% of the stock is currently owned by institutional investors.

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.

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