StockNews.com Downgrades Kingsway Financial Services (NYSE:KFS) to Sell

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 research report issued to clients and investors on Friday.

Kingsway Financial Services Trading Down 2.0 %

Shares of KFS stock traded down $0.16 during trading hours on Friday, reaching $8.00. The company had a trading volume of 32,607 shares, compared to its average volume of 31,548. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.58 and a quick ratio of 0.58. Kingsway Financial Services has a twelve month low of $6.25 and a twelve month high of $9.48. The stock's fifty day simple moving average is $8.60 and its 200 day simple moving average is $8.30.

Insider Activity at Kingsway Financial Services

In related news, Director Joseph Stilwell sold 13,095 shares of the stock in a transaction dated Friday, March 8th. The stock was sold at an average price of $8.84, for a total value of $115,759.80. Following the completion of the transaction, the director now owns 649,432 shares of the company's stock, valued at $5,740,978.88. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Over the last 90 days, insiders acquired 1,903 shares of company stock valued at $16,242. Insiders own 54.75% of the company's stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Strs Ohio lifted its holdings in 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 buying an additional 41,900 shares during the last quarter. Allspring Global Investments Holdings LLC bought a new stake in shares of Kingsway Financial Services in the 3rd quarter worth approximately $159,000. Belpointe Asset Management LLC lifted its holdings in shares of Kingsway Financial Services by 333.4% in the 3rd quarter. Belpointe Asset Management LLC now owns 421,878 shares of the insurance provider's stock worth $3,185,000 after purchasing an additional 324,534 shares during the last quarter. Wasatch Advisors LP lifted its holdings in shares of Kingsway Financial Services by 14.6% in the 4th quarter. Wasatch Advisors LP now owns 828,552 shares of the insurance provider's stock worth $6,960,000 after purchasing an additional 105,751 shares during the last quarter. Finally, Greenhaven Road Investment Management L.P. lifted its holdings in shares of Kingsway Financial Services by 26.2% in the 4th quarter. Greenhaven Road Investment Management L.P. now owns 403,395 shares of the insurance provider's stock worth $3,388,000 after purchasing an additional 83,641 shares during the last quarter. Hedge funds and other institutional investors 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.

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