Kingsway Financial Services - KFS Stock Forecast, Price & News

Kingsway Financial Services Inc., through its subsidiaries, engages in the extended warranty business services, asset management, and real estate businesses. The company operates through three segments: Extended Warranty, Leased Real Estate, 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. This segment also sells new home warranty products, as well as offers uninsured warrant administration services to homebuilders and homeowners; markets and distributes warranty products to manufacturers, distributors, and installers of heating, ventilation and air conditioning, standby generator, commercial LED lighting, and commercial refrigeration equipment; and provides equipment breakdown and maintenance support services to companies. The Leased Real Estate segment owns a parcel of real property consisting of approximately 192 acres located in the State of Texas. The Kingsway Search Xcelerator offers outsourced finance and human resources consulting services, including operational accounting, such as bookkeeping, accounting, financial reporting, and analysis and strategic finance services; technical accounting comprising initial public offerings, SEC reporting, and international consolidation services; human resources, workforce management, and compliance support services; and advisory services. The company offers its products and services through credit unions, dealers, homebuilders, and consumers. Kingsway Financial Services Inc. was incorporated in 1989 and is based in Itasca, Illinois.

Wall Street Analysts Forecast Growth

Separately, TheStreet raised shares of Kingsway Financial Services from a "d+" rating to a "c" rating in a research note on Wednesday, May 4th.

Kingsway Financial Services Stock Performance

KFS traded down $0.09 during trading on Friday, hitting $7.43. The company's stock had a trading volume of 3,493 shares, compared to its average volume of 11,130. The firm has a market cap of $179.36 million, a PE ratio of -32.30 and a beta of -0.15. Kingsway Financial Services has a one year low of $4.85 and a one year high of $8.18. The business's 50 day simple moving average is $5.97 and its 200-day simple moving average is $5.59. The company has a quick ratio of 0.19, a current ratio of 0.19 and a debt-to-equity ratio of 9.67.

Insiders Place Their Bets

In other Kingsway Financial Services news, Director Charles L. Frischer purchased 11,000 shares of Kingsway Financial Services stock in a transaction dated Thursday, June 9th. The stock was acquired at an average price of $5.35 per share, for a total transaction of $58,850.00. Following the acquisition, the director now owns 231,000 shares in the company, valued at approximately $1,235,850. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. In other news, Director Gregory Paul Hannon acquired 28,986 shares of the company's stock in a transaction that occurred on Thursday, June 30th. The stock was purchased at an average price of $5.67 per share, with a total value of $164,350.62. Following the completion of the acquisition, the director now owns 2,624,444 shares of the company's stock, valued at approximately $14,880,597.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Charles L. Frischer bought 11,000 shares of the stock in a transaction on Thursday, June 9th. The shares were bought at an average cost of $5.35 per share, with a total value of $58,850.00. Following the purchase, the director now owns 231,000 shares of the company's stock, valued at $1,235,850. The disclosure for this purchase can be found here. Insiders acquired 166,422 shares of company stock valued at $906,267 in the last three months. Corporate insiders own 56.40% of the company's stock.