Renaissance Technologies LLC Purchases 58,290 Shares of Kingsway Financial Services Inc $KWY

Renaissance Technologies LLC boosted its position in Kingsway Financial Services Inc (NYSE:KWY) by 22.3% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 319,670 shares of the company’s stock after purchasing an additional 58,290 shares during the period. Renaissance Technologies LLC owned about 1.10% of Kingsway Financial Services worth $3,334,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of KWY. Capricorn Fund Managers Ltd acquired a new stake in shares of Kingsway Financial Services in the first quarter valued at approximately $18,616,000. Greenhaven Road Investment Management L.P. increased its holdings in shares of Kingsway Financial Services by 43.8% during the 4th quarter. Greenhaven Road Investment Management L.P. now owns 1,884,529 shares of the company’s stock worth $25,347,000 after acquiring an additional 573,993 shares during the last quarter. Deutsche Bank AG increased its holdings in shares of Kingsway Financial Services by 9.8% during the 4th quarter. Deutsche Bank AG now owns 17,669 shares of the company’s stock worth $238,000 after acquiring an additional 1,581 shares during the last quarter. State of Wisconsin Investment Board bought a new stake in Kingsway Financial Services in the 4th quarter valued at $235,000. Finally, Alliancebernstein L.P. raised its stake in Kingsway Financial Services by 17.2% in the 3rd quarter. Alliancebernstein L.P. now owns 14,960 shares of the company’s stock valued at $219,000 after acquiring an additional 2,200 shares during the period. Institutional investors own 72.38% of the company’s stock.

Insider Buying and Selling at Kingsway Financial Services

In other Kingsway Financial Services news, CEO John Taylor Maloney Fitzgerald sold 5,000 shares of the stock in a transaction on Thursday, May 21st. The stock was sold at an average price of $10.13, for a total transaction of $50,650.00. Following the transaction, the chief executive officer owned 29,100 shares in the company, valued at $294,783. This trade represents a 14.66% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Joshua Horowitz bought 3,800 shares of Kingsway Financial Services stock in a transaction dated Friday, May 29th. The stock was acquired at an average cost of $9.91 per share, with a total value of $37,658.00. Following the transaction, the director owned 372,000 shares of the company’s stock, valued at $3,686,520. This trade represents a 1.03% increase in their position. The SEC filing for this purchase provides additional information. Insiders purchased a total of 5,507 shares of company stock valued at $54,628 over the last 90 days. 41.41% of the stock is currently owned by corporate insiders.

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 research report on Friday, May 29th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, Kingsway Financial Services currently has an average rating of “Sell”.

Kingsway Financial Services Stock Up 11.5%

Kingsway Financial Services stock opened at $10.12 on Friday. The company’s 50-day moving average price is $9.88 and its two-hundred day moving average price is $11.37. The company has a quick ratio of 1.62, a current ratio of 1.62 and a debt-to-equity ratio of 3.56. The stock has a market cap of $292.97 million, a P/E ratio of -33.73 and a beta of 0.24. Kingsway Financial Services Inc has a twelve month low of $8.41 and a twelve month high of $16.51.

Kingsway Financial Services (NYSE:KWY) last issued its quarterly earnings data on Thursday, August 6th. The company reported ($0.03) earnings per share (EPS) for the quarter. The firm had revenue of $39.44 million for the quarter. Kingsway Financial Services had a negative return on equity of 59.97% and a negative net margin of 6.69%.

Kingsway Financial Services Company Profile

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.