Kingsway Financial Services Inc. (NYSE:KFS) Short Interest Update

Kingsway Financial Services Inc. (NYSE:KFS) (TSE:KFS) saw a large decrease in short interest in the month of June. As of June 15th, there was short interest totalling 305,400 shares, a decrease of 6.1% from the May 31st total of 325,100 shares. Approximately 1.5% of the shares of the stock are sold short. Based on an average daily volume of 57,200 shares, the days-to-cover ratio is presently 5.3 days.

Insider Buying and Selling

In related news, Director Joseph Stilwell sold 100,000 shares of the company’s stock in a transaction dated Friday, June 28th. The stock was sold at an average price of $8.13, for a total value of $813,000.00. Following the completion of the transaction, the director now owns 640,108 shares of the company’s stock, valued at approximately $5,204,078.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In the last 90 days, insiders acquired 2,434 shares of company stock valued at $20,307. 54.75% of the stock is owned by company insiders.

Institutional Trading of Kingsway Financial Services

Several hedge funds have recently modified their holdings of KFS. BNP Paribas Financial Markets increased its holdings in Kingsway Financial Services by 193.0% in the first quarter. BNP Paribas Financial Markets now owns 9,679 shares of the insurance provider’s stock valued at $81,000 after buying an additional 6,376 shares during the last quarter. Strs Ohio increased its holdings in Kingsway Financial Services by 34.5% in the fourth quarter. Strs Ohio now owns 59,300 shares of the insurance provider’s stock valued at $498,000 after buying an additional 15,200 shares during the last quarter. Swedbank AB purchased a new position in shares of Kingsway Financial Services during the first quarter worth about $2,085,000. Belpointe Asset Management LLC grew its holdings in shares of Kingsway Financial Services by 333.4% during the third 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. Finally, Greenhaven Road Investment Management L.P. grew its holdings in shares of Kingsway Financial Services by 26.2% during the fourth 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. 72.38% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, StockNews.com lowered Kingsway Financial Services from a “hold” rating to a “sell” rating in a research report on Friday, June 14th.

Kingsway Financial Services Stock Down 2.7 %

NYSE:KFS traded down $0.22 during trading hours on Wednesday, reaching $8.00. 46,391 shares of the stock were exchanged, compared to its average volume of 46,975. The company has a quick ratio of 0.57, a current ratio of 0.57 and a debt-to-equity ratio of 0.66. The business has a 50-day moving average of $8.24 and a two-hundred day moving average of $8.43. Kingsway Financial Services has a twelve month low of $6.25 and a twelve month high of $9.48.

Kingsway Financial Services (NYSE:KFS) (TSE:KFS) last released its quarterly earnings results on Wednesday, May 8th. The insurance provider reported ($0.08) EPS for the quarter. The firm had revenue of $26.16 million for the quarter. Kingsway Financial Services had a negative return on equity of 24.36% and a negative net margin of 6.57%.

Kingsway Financial Services Company Profile

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.