Shares of Kingsway Financial Services Inc. (NYSE:KFS - Get Free Report) TSE: KFS crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $8.08 and traded as high as $8.55. Kingsway Financial Services shares last traded at $8.48, with a volume of 17,989 shares.
Kingsway Financial Services Stock Performance
The business has a 50-day moving average price of $8.60 and a 200-day moving average price of $8.09. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 0.55.
Insider Transactions at Kingsway Financial Services
In related news, Director Joseph Stilwell sold 13,095 shares of the company's stock in a transaction on Friday, March 8th. The stock was sold at an average price of $8.84, for a total value of $115,759.80. Following the transaction, the director now directly owns 649,432 shares of the company's stock, valued at approximately $5,740,978.88. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Over the last three months, insiders have acquired 1,429 shares of company stock valued at $12,194. Corporate insiders own 56.40% of the company's stock.
Institutional Investors Weigh In On Kingsway Financial Services
Hedge funds have recently added to or reduced their stakes in the business. Belpointe Asset Management LLC boosted its holdings in Kingsway Financial Services by 333.4% in the third quarter. Belpointe Asset Management LLC now owns 421,878 shares of the insurance provider's stock valued at $3,185,000 after purchasing an additional 324,534 shares during the last quarter. Strs Ohio boosted its stake in shares of Kingsway Financial Services by 1,904.5% during the 3rd quarter. Strs Ohio now owns 44,100 shares of the insurance provider's stock worth $332,000 after acquiring an additional 41,900 shares in the last quarter. Allspring Global Investments Holdings LLC purchased a new stake in shares of Kingsway Financial Services during the 3rd quarter worth about $159,000. Citigroup Inc. boosted its stake in shares of Kingsway Financial Services by 161.5% during the 1st quarter. Citigroup Inc. now owns 11,214 shares of the insurance provider's stock worth $99,000 after acquiring an additional 6,926 shares in the last quarter. Finally, Morgan Stanley boosted its stake in shares of Kingsway Financial Services by 708.7% during the 4th quarter. Morgan Stanley now owns 8,144 shares of the insurance provider's stock worth $65,000 after acquiring an additional 7,137 shares in the last quarter. 72.38% of the stock is owned by hedge funds and other institutional investors.
About Kingsway Financial Services
(
Get Free Report)
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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