Kingsway Financial Services Inc (NYSE:KWY – Get Free Report) Director Joshua Horowitz acquired 2,717 shares of the firm’s stock in a transaction on Monday, September 28th. The shares were bought at an average cost of $9.28 per share, with a total value of $25,213.76. Following the completion of the acquisition, the director owned 383,820 shares in the company, valued at $3,561,849.60. This represents a 0.71% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink.
Joshua Horowitz also recently made the following trade(s):
- On Wednesday, September 30th, Joshua Horowitz bought 858 shares of Kingsway Financial Services stock. The stock was bought at an average cost of $9.23 per share, with a total value of $7,919.34.
- On Thursday, August 20th, Joshua Horowitz bought 769 shares of Kingsway Financial Services stock. The stock was bought at an average price of $9.89 per share, for a total transaction of $7,605.41.
- On Wednesday, August 19th, Joshua Horowitz purchased 7,034 shares of Kingsway Financial Services stock. The shares were bought at an average cost of $9.84 per share, for a total transaction of $69,214.56.
- On Tuesday, August 18th, Joshua Horowitz purchased 1,300 shares of Kingsway Financial Services stock. The shares were bought at an average cost of $9.75 per share, for a total transaction of $12,675.00.
Kingsway Financial Services Stock Up 2.5%
NYSE:KWY traded up $0.23 during mid-day trading on Wednesday, reaching $9.42. The stock had a trading volume of 138,506 shares, compared to its average volume of 72,469. The company has a debt-to-equity ratio of 4.39, a current ratio of 1.36 and a quick ratio of 1.36. The stock’s 50 day simple moving average is $9.66 and its two-hundred day simple moving average is $10.49. Kingsway Financial Services Inc has a 1-year low of $8.41 and a 1-year high of $16.51. The company has a market capitalization of $272.53 million, a price-to-earnings ratio of -31.40 and a beta of 0.25.
Hedge Funds Weigh In On Kingsway Financial Services
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Bank of America Corp DE grew its holdings in shares of Kingsway Financial Services by 6.7% during the first quarter. Bank of America Corp DE now owns 46,605 shares of the company’s stock valued at $486,000 after purchasing an additional 2,923 shares during the last quarter. Renaissance Technologies LLC lifted its holdings in shares of Kingsway Financial Services by 22.3% in the 1st quarter. Renaissance Technologies LLC now owns 319,670 shares of the company’s stock worth $3,334,000 after purchasing an additional 58,290 shares during the last quarter. Squarepoint Ops LLC bought a new stake in shares of Kingsway Financial Services in the 2nd quarter worth approximately $791,000. Citadel Advisors LLC acquired a new position in Kingsway Financial Services during the 2nd quarter valued at approximately $1,197,000. Finally, Waverly Advisors LLC acquired a new position in Kingsway Financial Services during the 1st quarter valued at approximately $1,304,000. 72.38% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
Separately, Weiss Ratings raised shares of Kingsway Financial Services from a “sell (e+)” rating to a “sell (d-)” rating in a report on Thursday, September 24th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, Kingsway Financial Services currently has an average rating of “Sell”.
Check Out Our Latest Research Report on Kingsway Financial Services
Kingsway Financial Services Company Profile
Kingsway Financial Services Inc is a specialty insurance and holding company that operates primarily in the United States. The company focuses on niche insurance and insurance-related businesses rather than broad-based personal lines coverage.
Kingsway’s operating businesses include providers of vehicle service agreements and other extended warranty products, as well as specialty insurance and insurance services. Its portfolio has included businesses serving automotive dealers, vehicle owners, commercial customers and other specialized markets.
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