Kingsway Financial Services, Inc. $KFS Holdings Increased by Mirabella Financial Services LLP

Mirabella Financial Services LLP grew its holdings in Kingsway Financial Services, Inc. (NYSE:KFS) (TSE:KFS) by 13.2% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,189,905 shares of the insurance provider’s stock after purchasing an additional 255,319 shares during the period. Kingsway Financial Services comprises about 1.0% of Mirabella Financial Services LLP’s investment portfolio, making the stock its 8th biggest holding. Mirabella Financial Services LLP owned 7.56% of Kingsway Financial Services worth $32,016,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of KFS. Alliancebernstein L.P. boosted its position in shares of Kingsway Financial Services by 17.2% during the third quarter. Alliancebernstein L.P. now owns 14,960 shares of the insurance provider’s stock valued at $219,000 after buying an additional 2,200 shares during the last quarter. BNP Paribas Financial Markets increased its holdings in Kingsway Financial Services by 143.7% in the 3rd quarter. BNP Paribas Financial Markets now owns 4,141 shares of the insurance provider’s stock worth $61,000 after buying an additional 2,442 shares in the last quarter. Russell Investments Group Ltd. raised its position in Kingsway Financial Services by 170.2% in the 3rd quarter. Russell Investments Group Ltd. now owns 9,093 shares of the insurance provider’s stock worth $133,000 after buying an additional 5,728 shares during the last quarter. Vanguard Group Inc. lifted its stake in Kingsway Financial Services by 12.5% during the 3rd quarter. Vanguard Group Inc. now owns 948,838 shares of the insurance provider’s stock valued at $13,872,000 after acquiring an additional 105,080 shares during the period. Finally, Rhumbline Advisers boosted its holdings in shares of Kingsway Financial Services by 2.9% during the 3rd quarter. Rhumbline Advisers now owns 26,495 shares of the insurance provider’s stock valued at $387,000 after acquiring an additional 741 shares during the last quarter. 72.38% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Kingsway Financial Services in a research note on Thursday, January 22nd. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the company currently has an average rating of “Sell”.

Kingsway Financial Services Stock Performance

KFS stock opened at $10.69 on Tuesday. The company has a debt-to-equity ratio of 4.07, a current ratio of 2.50 and a quick ratio of 2.50. Kingsway Financial Services, Inc. has a 1 year low of $7.25 and a 1 year high of $16.80. The company has a market cap of $309.60 million, a P/E ratio of -24.86 and a beta of 0.22. The stock’s fifty day moving average price is $12.55 and its 200-day moving average price is $13.36.

Kingsway Financial Services (NYSE:KFS) (TSE:KFS) last posted its earnings results on Thursday, March 12th. The insurance provider reported ($0.07) earnings per share for the quarter. The firm had revenue of $38.53 million during the quarter. Kingsway Financial Services had a negative net margin of 10.07% and a negative return on equity of 86.90%.

Insider Activity at Kingsway Financial Services

In related news, CEO John Taylor Maloney Fitzgerald sold 30,000 shares of the firm’s stock in a transaction on Tuesday, December 23rd. The stock was sold at an average price of $13.32, for a total value of $399,600.00. Following the transaction, the chief executive officer directly owned 1,459,534 shares of the company’s stock, valued at approximately $19,440,992.88. This trade represents a 2.01% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Joseph Stilwell sold 19,229 shares of Kingsway Financial Services stock in a transaction on Monday, December 22nd. The shares were sold at an average price of $12.80, for a total value of $246,131.20. Following the transaction, the director owned 300,000 shares in the company, valued at $3,840,000. This trade represents a 6.02% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders acquired 804 shares of company stock worth $10,009 over the last quarter. Insiders own 53.83% of the company’s stock.

Kingsway Financial Services Company Profile

Kingsway Financial Services, Inc (NYSE: KFS) is a specialty finance company focused on the acquisition, origination and servicing of residential mortgage loans and related assets in the United States. Through strategic portfolio purchases and direct origination channels, Kingsway builds a diversified mix of mortgage assets, including prime, non-QM and other specialty loan products.

The company’s principal activities include investing in and managing mortgage servicing rights (MSRs), holding mortgage loans for investment, and acquiring residential mortgage-backed securities (RMBS).