Globeflex Capital L P grew its position in shares of Kingstone Companies Inc (NASDAQ:KINS) by 14.8% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 45,700 shares of the insurance provider’s stock after purchasing an additional 5,900 shares during the quarter. Globeflex Capital L P’s holdings in Kingstone Companies were worth $772,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP raised its holdings in Kingstone Companies by 35.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 239,155 shares of the insurance provider’s stock worth $4,018,000 after purchasing an additional 62,729 shares during the last quarter. Millennium Management LLC bought a new stake in shares of Kingstone Companies in the 4th quarter valued at $198,000. Punch & Associates Investment Management Inc. increased its stake in shares of Kingstone Companies by 7.8% in the 1st quarter. Punch & Associates Investment Management Inc. now owns 169,600 shares of the insurance provider’s stock valued at $2,849,000 after acquiring an additional 12,300 shares in the last quarter. Foundry Partners LLC increased its stake in shares of Kingstone Companies by 2.7% in the 1st quarter. Foundry Partners LLC now owns 357,325 shares of the insurance provider’s stock valued at $6,003,000 after acquiring an additional 9,375 shares in the last quarter. Finally, Next Century Growth Investors LLC increased its stake in shares of Kingstone Companies by 19.9% in the 1st quarter. Next Century Growth Investors LLC now owns 350,457 shares of the insurance provider’s stock valued at $5,887,000 after acquiring an additional 58,148 shares in the last quarter. Hedge funds and other institutional investors own 50.81% of the company’s stock.

Several analysts have recently weighed in on the stock. ValuEngine upgraded shares of Kingstone Companies from a “hold” rating to a “buy” rating in a research note on Friday, August 24th. Boenning Scattergood set a $20.00 price objective on shares of Kingstone Companies and gave the company a “buy” rating in a research note on Wednesday, August 22nd. Finally, Zacks Investment Research lowered shares of Kingstone Companies from a “hold” rating to a “strong sell” rating in a research note on Saturday, July 21st.

NASDAQ:KINS opened at $18.75 on Friday. The firm has a market capitalization of $205.81 million, a PE ratio of 32.17 and a beta of 1.02. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.57 and a quick ratio of 0.57. Kingstone Companies Inc has a twelve month low of $13.20 and a twelve month high of $21.70.

Kingstone Companies (NASDAQ:KINS) last released its quarterly earnings data on Thursday, August 9th. The insurance provider reported $0.26 earnings per share for the quarter, missing the consensus estimate of $0.33 by ($0.07). The company had revenue of $27.55 million during the quarter, compared to the consensus estimate of $29.70 million. Kingstone Companies had a net margin of 5.83% and a return on equity of 7.16%. analysts forecast that Kingstone Companies Inc will post 0.9 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 14th. Stockholders of record on Friday, August 31st will be paid a $0.10 dividend. The ex-dividend date of this dividend is Thursday, August 30th. This represents a $0.40 annualized dividend and a dividend yield of 2.13%. Kingstone Companies’s dividend payout ratio is currently 42.55%.

In related news, Director Carla D’andre acquired 3,000 shares of the stock in a transaction dated Tuesday, August 21st. The stock was bought at an average price of $16.83 per share, for a total transaction of $50,490.00. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders bought a total of 6,000 shares of company stock valued at $100,720 in the last quarter. 10.30% of the stock is currently owned by company insiders.

Kingstone Companies Company Profile

Kingstone Companies, Inc, through its subsidiary, Kingstone Insurance Company, underwrites property and casualty insurance products to small businesses and individuals in New York. The company provides personal lines insurance products, such as homeowners and dwelling fire multi-peril, cooperative/condominium, renter, and personal umbrella policies.

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Institutional Ownership by Quarter for Kingstone Companies (NASDAQ:KINS)

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