Kingsway Financial Services (NYSE:KFS) Share Price Passes Above Two Hundred Day Moving Average of $5.12

Kingsway Financial Services Inc. (NYSE:KFS) (TSE:KFS) passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $5.12 and traded as high as $5.60. Kingsway Financial Services shares last traded at $5.58, with a volume of 8,450 shares.

The business has a fifty day moving average price of $5.45 and a 200-day moving average price of $5.12. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 10.06.

Kingsway Financial Services (NYSE:KFS) (TSE:KFS) last posted its quarterly earnings data on Thursday, August 5th. The insurance provider reported $0.05 earnings per share (EPS) for the quarter. Kingsway Financial Services had a positive return on equity of 20.59% and a negative net margin of 5.36%. The firm had revenue of $22.10 million during the quarter.

In other Kingsway Financial Services news, Director Joseph Stilwell acquired 8,517 shares of the company’s stock in a transaction on Wednesday, August 18th. The stock was acquired at an average price of $5.36 per share, for a total transaction of $45,651.12. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders have purchased a total of 67,363 shares of company stock valued at $357,915 over the last 90 days. 53.74% of the stock is currently owned by company insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Renaissance Technologies LLC raised its position in shares of Kingsway Financial Services by 0.9% in the 1st quarter. Renaissance Technologies LLC now owns 406,319 shares of the insurance provider’s stock worth $1,889,000 after acquiring an additional 3,700 shares in the last quarter. Citadel Advisors LLC bought a new position in shares of Kingsway Financial Services in the 1st quarter worth approximately $128,000. Vanguard Group Inc. raised its position in shares of Kingsway Financial Services by 348.2% in the 2nd quarter. Vanguard Group Inc. now owns 338,372 shares of the insurance provider’s stock worth $1,692,000 after acquiring an additional 262,884 shares in the last quarter. Finally, Stilwell Value LLC raised its position in shares of Kingsway Financial Services by 6.2% in the 2nd quarter. Stilwell Value LLC now owns 6,799,783 shares of the insurance provider’s stock worth $33,999,000 after acquiring an additional 395,089 shares in the last quarter. Institutional investors and hedge funds own 32.38% of the company’s stock.

About Kingsway Financial Services (NYSE:KFS)

Kingsway Financial Services, Inc operates as a holding company. The firm engages in the provision of financial services. It operates through the following segments: Extended Warranty and Leased Real Estate. The Extended Warranty segment provides after-market vehicle protection services distributed by credit unions.

Further Reading: Trade Deficit

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