Kingsway Financial Services (NYSE:KFS) Stock Rating Lowered by StockNews.com

Kingsway Financial Services (NYSE:KFS - Get Free Report) TSE: KFS was downgraded by StockNews.com from a "hold" rating to a "sell" rating in a note issued to investors on Wednesday.

Kingsway Financial Services Stock Performance

NYSE:KFS opened at $11.20 on Wednesday. The business has a 50 day simple moving average of $8.37 and a 200 day simple moving average of $8.32. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.41 and a current ratio of 0.41. Kingsway Financial Services has a 12-month low of $7.06 and a 12-month high of $11.30.

Kingsway Financial Services (NYSE:KFS - Get Free Report) TSE: KFS last announced its quarterly earnings results on Thursday, May 8th. The insurance provider reported ($0.13) earnings per share (EPS) for the quarter. Kingsway Financial Services had a negative net margin of 3.63% and a negative return on equity of 7.83%.

Insider Buying and Selling at Kingsway Financial Services

In related news, Director Joseph Stilwell sold 1,000,000 shares of Kingsway Financial Services 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. The trade was a 66.71% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 53.83% of the stock is owned by company insiders.

Institutional Trading of Kingsway Financial Services

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Mirabella Financial Services LLP bought a new stake in Kingsway Financial Services during the fourth quarter worth approximately $13,392,000. Greenhaven Road Investment Management L.P. increased its position in shares of Kingsway Financial Services by 47.9% during the 1st quarter. Greenhaven Road Investment Management L.P. now owns 755,645 shares of the insurance provider's stock valued at $5,985,000 after purchasing an additional 244,585 shares during the period. 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 valued at $2,478,000 after buying an additional 7,946 shares during the period. Northern Trust Corp grew its holdings in Kingsway Financial Services by 9.8% during 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 period. Finally, Goldman Sachs Group Inc. grew its holdings in 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 worth $811,000 after acquiring an additional 10,350 shares during the period. 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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