Kingsway Financial Services (NYSE:KFS) Stock Price Down 0.5% – What’s Next?

Shares of Kingsway Financial Services Inc. (NYSE:KFS) (TSE:KFS) dropped 0.5% during trading on Thursday . The company traded as low as $8.25 and last traded at $8.32. Approximately 18,212 shares changed hands during mid-day trading, a decline of 61% from the average daily volume of 46,260 shares. The stock had previously closed at $8.36.

Kingsway Financial Services Trading Up 0.5 %

The company’s fifty day moving average is $8.88 and its two-hundred day moving average is $8.37. The company has a current ratio of 0.41, a quick ratio of 0.41 and a debt-to-equity ratio of 1.20.

Insiders Place Their Bets

In other Kingsway Financial Services news, Director Joseph Stilwell sold 25,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $8.78, for a total value of $219,500.00. Following the transaction, the director now directly owns 636,159 shares of the company’s stock, valued at $5,585,476.02. This represents a 3.78 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders purchased a total of 1,007 shares of company stock worth $9,068 in the last 90 days. 54.75% of the stock is owned by company insiders.

Hedge Funds Weigh In On Kingsway Financial Services

Several large investors have recently modified their holdings of KFS. DHK Financial Advisors Inc. acquired a new stake in shares of Kingsway Financial Services during the second quarter worth $303,000. Vanguard Group Inc. raised its stake in Kingsway Financial Services by 3.2% during the first quarter. Vanguard Group Inc. now owns 487,353 shares of the insurance provider’s stock worth $4,065,000 after acquiring an additional 14,981 shares during the period. Barclays PLC lifted its holdings in Kingsway Financial Services by 325.5% in the third quarter. Barclays PLC now owns 18,269 shares of the insurance provider’s stock worth $150,000 after acquiring an additional 13,975 shares during the last quarter. Geode Capital Management LLC lifted its holdings in Kingsway Financial Services by 2.0% in the third quarter. Geode Capital Management LLC now owns 347,235 shares of the insurance provider’s stock worth $2,875,000 after acquiring an additional 6,941 shares during the last quarter. Finally, State Street Corp boosted its stake in Kingsway Financial Services by 4.8% in the third quarter. State Street Corp now owns 151,477 shares of the insurance provider’s stock valued at $1,254,000 after acquiring an additional 6,877 shares during the period. 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.