Key Points
- Director Joseph Stilwell sold 19,229 shares on Dec. 22 at $12.80, and in total sold about 186,427 shares in December for roughly $2.39 million.
- Following the Dec. 22 transaction Stilwell now directly owns 300,000 shares (valued at ~$3.84 million), a 6.02% reduction in his stake from before the sale.
- Kingsway Financial Services shows weak fundamentals — market cap ~$394 million, last-quarter EPS of -$0.10, negative margins/ROE — and the stock carries an average analyst rating of "Sell" (Weiss Ratings: sell (d-)).
Kingsway Financial Services, Inc. (NYSE:KFS - Get Free Report) (TSE:KFS) Director Joseph Stilwell sold 19,229 shares of the stock in a transaction that occurred 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 completion of the sale, the director directly owned 300,000 shares of the company's stock, valued at $3,840,000. The trade was a 6.02% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.
Joseph Stilwell also recently made the following trade(s):
- On Tuesday, December 16th, Joseph Stilwell sold 10,429 shares of Kingsway Financial Services stock. The shares were sold at an average price of $12.80, for a total transaction of $133,491.20.
- On Monday, December 15th, Joseph Stilwell sold 34,269 shares of Kingsway Financial Services stock. The stock was sold at an average price of $12.80, for a total transaction of $438,643.20.
- On Thursday, December 11th, Joseph Stilwell sold 67,500 shares of Kingsway Financial Services stock. The stock was sold at an average price of $12.80, for a total transaction of $864,000.00.
- On Tuesday, December 9th, Joseph Stilwell sold 20,000 shares of Kingsway Financial Services stock. The shares were sold at an average price of $12.80, for a total transaction of $256,000.00.
- On Monday, December 8th, Joseph Stilwell sold 35,000 shares of Kingsway Financial Services stock. The stock was sold at an average price of $12.82, for a total transaction of $448,700.00.
Kingsway Financial Services Stock Performance
NYSE KFS opened at $13.61 on Tuesday. The firm has a market cap of $394.09 million, a P/E ratio of -37.81 and a beta of 0.32. Kingsway Financial Services, Inc. has a 52-week low of $7.06 and a 52-week high of $16.80. The business's 50-day moving average price is $13.31 and its 200 day moving average price is $13.99. The company has a quick ratio of 0.39, a current ratio of 0.39 and a debt-to-equity ratio of 0.74.
Kingsway Financial Services (NYSE:KFS - Get Free Report) (TSE:KFS) last posted its quarterly earnings data on Thursday, November 6th. The insurance provider reported ($0.10) EPS for the quarter. Kingsway Financial Services had a negative net margin of 8.55% and a negative return on equity of 76.94%.
Institutional Trading of Kingsway Financial Services
A number of institutional investors have recently modified their holdings of KFS. Greenhaven Road Investment Management L.P. grew its holdings in Kingsway Financial Services by 73.4% during the second quarter. Greenhaven Road Investment Management L.P. now owns 1,310,536 shares of the insurance provider's stock worth $17,745,000 after acquiring an additional 554,891 shares during the period. Mirabella Financial Services LLP lifted its holdings in Kingsway Financial Services by 13.2% in the third quarter. Mirabella Financial Services LLP now owns 2,189,905 shares of the insurance provider's stock valued at $32,016,000 after acquiring an additional 255,319 shares during the period. Vanguard Group Inc. boosted its position in shares of Kingsway Financial Services by 12.5% during the 3rd quarter. Vanguard Group Inc. now owns 948,838 shares of the insurance provider's stock worth $13,872,000 after purchasing an additional 105,080 shares in the last quarter. 1060 Capital LLC acquired a new position in shares of Kingsway Financial Services during the 2nd quarter worth $1,021,000. Finally, Geode Capital Management LLC increased its holdings in shares of Kingsway Financial Services by 20.2% in the 2nd quarter. Geode Capital Management LLC now owns 426,836 shares of the insurance provider's stock valued at $5,780,000 after purchasing an additional 71,720 shares in the last quarter. 72.38% of the stock is currently owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
Separately, Weiss Ratings reissued a "sell (d-)" rating on shares of Kingsway Financial Services in a research note on Wednesday, October 8th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Kingsway Financial Services presently has an average rating of "Sell".
Read Our Latest Stock Analysis on KFS
Kingsway Financial Services Company Profile
(
Get Free Report)
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).
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