Kingsway Financial Services (NYSE:KFS) Rating Lowered to Sell at Wall Street Zen

Kingsway Financial Services (NYSE:KFS - Get Free Report) TSE: KFS was downgraded by Wall Street Zen from a "hold" rating to a "sell" rating in a report issued on Wednesday.

Kingsway Financial Services Stock Performance

KFS stock traded up $0.49 on Wednesday, hitting $11.79. 45,841 shares of the company's stock traded hands, compared to its average volume of 53,000. Kingsway Financial Services has a 1-year low of $7.06 and a 1-year high of $11.85. The company has a quick ratio of 0.41, a current ratio of 0.41 and a debt-to-equity ratio of 1.20. The stock has a fifty day moving average of $8.69 and a 200-day moving average of $8.37.

Kingsway Financial Services (NYSE:KFS - Get Free Report) TSE: KFS last released 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 7.83% and a negative net margin of 3.63%.

Insider Buying and Selling at Kingsway Financial Services

In other Kingsway Financial Services news, Director Joseph Stilwell sold 1,000,000 shares of Kingsway Financial Services stock in a transaction that occurred on 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 transaction, the director now directly owns 498,937 shares in the company, valued at approximately $3,991,496. The trade was a 66.71% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 53.83% of the company's stock.

Institutional Trading of Kingsway Financial Services

Hedge funds and other institutional investors have recently modified their holdings of the business. Jane Street Group LLC purchased a new stake in Kingsway Financial Services in the 1st quarter worth about $149,000. Goldman Sachs Group Inc. increased its holdings 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 purchasing an additional 10,350 shares during the period. Nuveen LLC purchased a new stake in shares of Kingsway Financial Services in the first quarter worth approximately $139,000. Virtu Financial LLC acquired a new stake in shares of Kingsway Financial Services during the first quarter worth approximately $132,000. Finally, Greenhaven Road Investment Management L.P. boosted its holdings in shares of 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 purchasing an additional 244,585 shares during the period. Institutional investors and hedge funds 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.