Kingsway Financial Services (NYSE:KWY) Trading Up 0.2% - What's Next?

Key Points

• Kingsway Financial Services shares rose 0.2% to $9.67 in Thursday trading, while volume was 38% below the average. The stock remains below its 200-day moving average of $10.89.
• Analysts maintain a negative outlook: Weiss Ratings reaffirmed a “sell (D-)” rating, and MarketBeat reports a consensus rating of “Sell.” The company reported a quarterly loss of $0.03 per share, a negative net margin of 6.69%, and negative return on equity of 61.62%.
• Insider activity was mixed, with Director Joshua Horowitz purchasing 7,034 shares while Director Joseph Stilwell sold 100,000 shares. Insiders own 41.41% of the company, and institutional investors hold 72.38%.

Kingsway Financial Services Inc (NYSE:KWY - Get Free Report)'s stock price was up 0.2% during trading on Thursday . The stock traded as high as $9.81 and last traded at $9.67. Approximately 31,229 shares traded hands during mid-day trading, a decline of 38% from the average session volume of 50,389 shares. The stock had previously closed at $9.65.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Kingsway Financial Services in a report on Wednesday, August 26th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, Kingsway Financial Services currently has a consensus rating of "Sell".

Kingsway Financial Services Stock Up 0.2%

The firm's fifty day moving average is $9.76 and its two-hundred day moving average is $10.89. The firm has a market cap of $279.75 million, a price-to-earnings ratio of -32.23 and a beta of 0.25. The company has a debt-to-equity ratio of 4.39, a current ratio of 1.36 and a quick ratio of 1.36.

Kingsway Financial Services (NYSE:KWY - Get Free Report) last released its earnings results on Thursday, August 6th. The company reported ($0.03) EPS for the quarter. Kingsway Financial Services had a negative net margin of 6.69% and a negative return on equity of 61.62%. The company had revenue of $39.44 million for the quarter.

Insider Buying and Selling

In other news, Director Joshua Horowitz bought 7,034 shares of the business's stock in a transaction on Wednesday, August 19th. The stock was purchased at an average cost of $9.84 per share, for a total transaction of $69,214.56. Following the completion of the transaction, the director directly owned 380,334 shares of the company's stock, valued at approximately $3,742,486.56. This trade represents a 1.88% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Joseph Stilwell sold 100,000 shares of the stock in a transaction on Thursday, August 13th. The shares were sold at an average price of $10.00, for a total value of $1,000,000.00. Following the transaction, the director directly owned 267,018 shares of the company's stock, valued at approximately $2,670,180. The trade was a 27.25% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have purchased 10,353 shares of company stock worth $101,997 in the last quarter. Company insiders own 41.41% of the company's stock.

Institutional Trading of Kingsway Financial Services

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Squarepoint Ops LLC acquired a new stake in shares of Kingsway Financial Services in the second quarter valued at $791,000. Citadel Advisors LLC acquired a new position in Kingsway Financial Services during the second quarter worth about $1,197,000. California State Teachers Retirement System bought a new stake in Kingsway Financial Services in the second quarter worth about $296,000. Bank of America Corp DE raised its position in Kingsway Financial Services by 6.7% in the first quarter. Bank of America Corp DE now owns 46,605 shares of the company's stock worth $486,000 after acquiring an additional 2,923 shares in the last quarter. Finally, Waverly Advisors LLC acquired a new stake in Kingsway Financial Services in the 1st quarter valued at about $1,304,000. Institutional investors own 72.38% of the company's stock.

About Kingsway Financial Services

Kingsway Financial Services Inc is a holding company that operates through a group of subsidiaries focused on extended warranty and specialty insurance-related services. The company's businesses primarily provide administration, underwriting, and related support services for protection products offered through automotive, consumer, and other markets.

Kingsway has historically operated in the insurance and service contract space, with activities centered on helping businesses and consumers manage risk and protection coverage needs.

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