Kingsway Financial Services (NYSE:KWY) Director Purchases $12,675.00 in Stock

Kingsway Financial Services Inc (NYSE:KWY) Director Joshua Horowitz purchased 1,300 shares of the company’s stock in a transaction that occurred on Tuesday, August 18th. The shares were acquired at an average cost of $9.75 per share, with a total value of $12,675.00. Following the completion of the acquisition, the director directly owned 373,300 shares in the company, valued at approximately $3,639,675. This represents a 0.35% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Joshua Horowitz also recently made the following trade(s):

• On Thursday, August 20th, Joshua Horowitz acquired 769 shares of Kingsway Financial Services stock. The stock was acquired at an average price of $9.89 per share, with a total value of $7,605.41.
• On Wednesday, August 19th, Joshua Horowitz acquired 7,034 shares of Kingsway Financial Services stock. The stock was acquired at an average cost of $9.84 per share, for a total transaction of $69,214.56.
• On Friday, May 29th, Joshua Horowitz bought 3,800 shares of Kingsway Financial Services stock. The shares were acquired at an average price of $9.91 per share, for a total transaction of $37,658.00.
• On Thursday, May 28th, Joshua Horowitz bought 700 shares of Kingsway Financial Services stock. The shares were acquired at an average price of $9.95 per share, for a total transaction of $6,965.00.

Kingsway Financial Services Stock Performance

Shares of NYSE:KWY opened at $10.40 on Friday. The business has a fifty day moving average of $9.84 and a 200-day moving average of $11.17. The company has a debt-to-equity ratio of 4.39, a quick ratio of 1.36 and a current ratio of 1.36. Kingsway Financial Services Inc has a twelve month low of $8.41 and a twelve month high of $16.51. The firm has a market cap of $300.87 million, a PE ratio of -34.67 and a beta of 0.24.

Kingsway Financial Services (NYSE:KWY) last issued its quarterly earnings results on Thursday, August 6th. The company reported ($0.03) earnings per share (EPS) for the quarter. Kingsway Financial Services had a negative return on equity of 61.62% and a negative net margin of 6.69%.The company had revenue of $39.44 million for the quarter.

Analyst Ratings Changes

Separately, Weiss Ratings upgraded shares of Kingsway Financial Services from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Friday, May 29th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company has an average rating of “Sell”.

Institutional Investors Weigh In On Kingsway Financial Services

Institutional investors and hedge funds have recently made changes to their positions in the company. Rhumbline Advisers raised its holdings in Kingsway Financial Services by 2.9% during the 3rd quarter. Rhumbline Advisers now owns 26,495 shares of the company’s stock worth $387,000 after purchasing an additional 741 shares during the last quarter. Legal & General Group Plc boosted its stake in shares of Kingsway Financial Services by 66.2% in the 2nd quarter. Legal & General Group Plc now owns 2,009 shares of the company’s stock valued at $27,000 after purchasing an additional 800 shares during the last quarter. Osaic Holdings Inc. grew its position in shares of Kingsway Financial Services by 17.2% during the 2nd quarter. Osaic Holdings Inc. now owns 6,925 shares of the company’s stock worth $94,000 after buying an additional 1,015 shares during the period. Deutsche Bank AG grew its position 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 buying an additional 1,581 shares during the period. Finally, Bank of America Corp DE raised its stake in shares of Kingsway Financial Services by 4.8% during the second quarter. Bank of America Corp DE now owns 34,992 shares of the company’s stock worth $474,000 after buying an additional 1,592 shares during the last quarter. Institutional investors own 72.38% of the company’s stock.

About Kingsway Financial Services

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.