Greenhaven Road Investment Management L.P. boosted its position in shares of Kingsway Financial Services Inc (NYSE:KWY – Free Report) by 43.8% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,884,529 shares of the company’s stock after buying an additional 573,993 shares during the quarter. Kingsway Financial Services accounts for approximately 4.2% of Greenhaven Road Investment Management L.P.’s investment portfolio, making the stock its 5th largest position. Greenhaven Road Investment Management L.P. owned 0.07% of Kingsway Financial Services worth $25,347,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds also recently bought and sold shares of KWY. Legal & General Group Plc lifted its position in shares of Kingsway Financial Services by 66.2% during the second quarter. Legal & General Group Plc now owns 2,009 shares of the company’s stock worth $27,000 after purchasing an additional 800 shares during the last quarter. Tower Research Capital LLC TRC lifted its position in shares of Kingsway Financial Services by 220.9% during the second quarter. Tower Research Capital LLC TRC now owns 3,809 shares of the company’s stock worth $52,000 after purchasing an additional 2,622 shares during the last quarter. BNP Paribas Financial Markets lifted its position in shares of Kingsway Financial Services by 143.7% during the third quarter. BNP Paribas Financial Markets now owns 4,141 shares of the company’s stock worth $61,000 after purchasing an additional 2,442 shares during the last quarter. Osaic Holdings Inc. lifted its position in shares of Kingsway Financial Services by 17.2% during the second quarter. Osaic Holdings Inc. now owns 6,925 shares of the company’s stock worth $94,000 after purchasing an additional 1,015 shares during the last quarter. Finally, Bank of America Corp DE lifted its position in shares of Kingsway Financial Services by 36.5% during the fourth quarter. Bank of America Corp DE now owns 12,334 shares of the company’s stock worth $103,000 after purchasing an additional 3,300 shares during the last quarter. 72.38% of the stock is owned by hedge funds and other institutional investors.
Insider Buying and Selling
In other news, Director Joshua Horowitz bought 3,800 shares of the company’s stock in a transaction that occurred on Friday, May 29th. The shares were purchased at an average price of $9.91 per share, for a total transaction of $37,658.00. Following the completion of the transaction, the director directly owned 372,000 shares in the company, valued at approximately $3,686,520. This represents a 1.03% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO John Taylor Maloney Fitzgerald sold 5,000 shares of the company’s stock in a transaction that occurred on Thursday, May 21st. The shares were sold at an average price of $10.13, for a total value of $50,650.00. Following the completion of the sale, the chief executive officer owned 29,100 shares in the company, valued at approximately $294,783. This represents a 14.66% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders purchased 5,190 shares of company stock worth $52,134. 41.41% of the stock is owned by insiders.
Wall Street Analysts Forecast Growth
Check Out Our Latest Analysis on Kingsway Financial Services
Kingsway Financial Services Stock Performance
Shares of Kingsway Financial Services stock opened at $10.43 on Friday. The company has a market capitalization of $301.95 million, a PE ratio of -26.07 and a beta of 0.23. The company has a debt-to-equity ratio of 3.56, a quick ratio of 1.62 and a current ratio of 1.62. The company has a 50-day simple moving average of $10.87 and a two-hundred day simple moving average of $12.54. Kingsway Financial Services Inc has a one year low of $9.80 and a one year high of $16.80.
Kingsway Financial Services (NYSE:KWY – Get Free Report) last announced its earnings results on Thursday, May 7th. The company reported ($0.10) EPS for the quarter. Kingsway Financial Services had a negative return on equity of 72.50% and a negative net margin of 8.83%.The firm had revenue of $38.96 million during the quarter.
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.
Featured Stories
- Five stocks we like better than Kingsway Financial Services
- SpaceX Rings the Bell and Shatters Every Record
- Adobe Stock Just Got Cheaper—Is Wall Street Missing the Story?
- 3 Dividend Stocks Under $50 That Pay You to Wait Out Inflation
- The 127-Gigawatt Problem: Why AI Needs Its Own Power
Want to see what other hedge funds are holding KWY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Kingsway Financial Services Inc (NYSE:KWY – Free Report).
Receive News & Ratings for Kingsway Financial Services Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kingsway Financial Services and related companies with MarketBeat.com's FREE daily email newsletter.
