Kingsway Financial Services Inc (NYSE:KWY – Get Free Report) Director Joseph Stilwell sold 100,000 shares of the company’s stock in a transaction that occurred on Thursday, August 13th. The shares were sold at an average price of $10.00, for a total transaction of $1,000,000.00. Following the sale, the director directly owned 267,018 shares of the company’s stock, valued at approximately $2,670,180. This represents a 27.25% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
Kingsway Financial Services Trading Up 1.1%
Shares of Kingsway Financial Services stock opened at $9.90 on Thursday. The company’s fifty day simple moving average is $9.85 and its 200-day simple moving average is $11.21. The stock has a market capitalization of $286.41 million, a PE ratio of -33.00 and a beta of 0.24. Kingsway Financial Services Inc has a 1-year low of $8.41 and a 1-year high of $16.51. 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 posted its quarterly earnings data on Thursday, August 6th. The company reported ($0.03) EPS for the quarter. Kingsway Financial Services had a negative return on equity of 61.62% and a negative net margin of 6.69%.The company had revenue of $39.44 million during the quarter.
Wall Street Analysts Forecast Growth
Check Out Our Latest Report on KWY
Institutional Trading of Kingsway Financial Services
A number of large investors have recently made changes to their positions in KWY. Legal & General Group Plc lifted its stake in shares of Kingsway Financial Services by 66.2% in the 2nd quarter. Legal & General Group Plc now owns 2,009 shares of the company’s stock valued at $27,000 after purchasing an additional 800 shares during the last quarter. Tower Research Capital LLC TRC grew its position in shares of Kingsway Financial Services by 220.9% during the 2nd quarter. Tower Research Capital LLC TRC now owns 3,809 shares of the company’s stock worth $52,000 after buying an additional 2,622 shares in the last quarter. BNP Paribas Financial Markets raised its stake in Kingsway Financial Services by 143.7% in the third quarter. BNP Paribas Financial Markets now owns 4,141 shares of the company’s stock worth $61,000 after buying an additional 2,442 shares in the last quarter. Osaic Holdings Inc. raised its holdings in Kingsway Financial Services by 17.2% in 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 in the last quarter. Finally, Bank of America Corp DE lifted its holdings in shares of Kingsway Financial Services by 36.5% during the 4th quarter. Bank of America Corp DE now owns 12,334 shares of the company’s stock valued at $103,000 after purchasing an additional 3,300 shares during the last quarter. 72.38% of the stock is currently owned by institutional investors.
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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