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Kingsway Financial Services Inc. (NYSE:KFS – Get Rating) (TSE:KFS) was the target of a significant decrease in short interest in the month of May. As of May 15th, there was short interest totalling 6,700 shares, a decrease of 29.5% from the April 30th total of 9,500 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 14,100 shares, the short-interest ratio is presently 0.5 days.
Separately, TheStreet raised shares of Kingsway Financial Services from a “d+” rating to a “c” rating in a research note on Wednesday, May 4th.
KFS opened at $5.39 on Friday. The company has a fifty day simple moving average of $5.44 and a 200 day simple moving average of $5.39. The firm has a market cap of $130.09 million, a price-to-earnings ratio of -38.50 and a beta of -0.17. Kingsway Financial Services has a twelve month low of $4.70 and a twelve month high of $5.80. The company has a current ratio of 0.21, a quick ratio of 0.21 and a debt-to-equity ratio of 16.37.
Kingsway Financial Services (NYSE:KFS – Get Rating) (TSE:KFS) last released its quarterly earnings results on Friday, May 6th. The insurance provider reported $0.06 earnings per share for the quarter. The business had revenue of $26.12 million during the quarter. Kingsway Financial Services had a negative net margin of 3.02% and a positive return on equity of 163.46%.
In other news, Director Joseph Stilwell acquired 10,000 shares of Kingsway Financial Services stock in a transaction that occurred on Wednesday, March 16th. The shares were acquired at an average price of $5.50 per share, with a total value of $55,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have purchased 76,871 shares of company stock worth $421,530 in the last three months. Insiders own 56.40% of the company’s stock.
A number of hedge funds have recently made changes to their positions in KFS. State Street Corp grew its holdings in Kingsway Financial Services by 48.1% during the 1st quarter. State Street Corp now owns 20,949 shares of the insurance provider’s stock worth $115,000 after acquiring an additional 6,801 shares in the last quarter. Geode Capital Management LLC acquired a new position in Kingsway Financial Services during the 3rd quarter worth $120,000. BlackRock Inc. grew its holdings in Kingsway Financial Services by 193.8% during the 3rd quarter. BlackRock Inc. now owns 37,512 shares of the insurance provider’s stock worth $201,000 after acquiring an additional 24,743 shares in the last quarter. Belpointe Asset Management LLC grew its holdings in Kingsway Financial Services by 3.3% during the 4th quarter. Belpointe Asset Management LLC now owns 80,305 shares of the insurance provider’s stock worth $440,000 after acquiring an additional 2,553 shares in the last quarter. Finally, Vanguard Group Inc. grew its holdings in Kingsway Financial Services by 17.1% during the 1st quarter. Vanguard Group Inc. now owns 547,719 shares of the insurance provider’s stock worth $3,012,000 after acquiring an additional 79,836 shares in the last quarter. 74.59% of the stock is owned by institutional investors.
Kingsway Financial Services Company Profile (Get Rating)
Kingsway Financial Services Inc, through its subsidiaries, engages in the extended warranty business services, asset management, and real estate businesses. The company operates through three segments: Extended Warranty, Leased Real Estate, 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.
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