Key Points
- Director Joshua Horowitz bought more Kingsway Financial Services stock, acquiring 3,800 shares at an average price of $9.91 for a total of $37,658. His direct holdings rose to 372,000 shares after the purchase.
- This follows another recent insider buy by Horowitz, who purchased 700 shares the previous day at $9.95 each, indicating continued insider accumulation.
- Kingsway’s stock remains under pressure: shares opened at $10.01, near the 12-month low of $9.80, and analysts currently rate the stock a “Sell.”
Kingsway Financial Services Inc (NYSE:KWY - Get Free Report) Director Joshua Horowitz acquired 3,800 shares of the business's stock in a transaction dated Friday, May 29th. The stock was purchased at an average price of $9.91 per share, with a total value of $37,658.00. Following the completion of the transaction, the director directly 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 purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
Joshua Horowitz also recently made the following trade(s):
- On Thursday, May 28th, Joshua Horowitz acquired 700 shares of Kingsway Financial Services stock. The stock was purchased at an average price of $9.95 per share, with a total value of $6,965.00.
Kingsway Financial Services Price Performance
KWY stock opened at $10.01 on Tuesday. The firm has a 50 day moving average of $10.87 and a 200-day moving average of $12.73. The company has a current ratio of 1.62, a quick ratio of 1.62 and a debt-to-equity ratio of 3.56. Kingsway Financial Services Inc has a 12 month low of $9.80 and a 12 month high of $16.80. The firm has a market capitalization of $289.79 million, a P/E ratio of -25.02 and a beta of 0.24.
Kingsway Financial Services (NYSE:KWY - Get Free Report) last released its quarterly earnings data on Thursday, May 7th. The company reported ($0.10) EPS for the quarter. Kingsway Financial Services had a negative net margin of 8.83% and a negative return on equity of 72.50%. The firm had revenue of $38.96 million during 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. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, Kingsway Financial Services presently has an average rating of "Sell".
View Our Latest Stock Analysis on KWY
Institutional Investors Weigh In On Kingsway Financial Services
Hedge funds have recently made changes to their positions in the business. Legal & General Group Plc lifted its holdings 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 worth $27,000 after acquiring an additional 800 shares during the last quarter. Tower Research Capital LLC TRC lifted its holdings in shares of Kingsway Financial Services by 220.9% in the 2nd quarter. Tower Research Capital LLC TRC now owns 3,809 shares of the company's stock worth $52,000 after acquiring an additional 2,622 shares during the last quarter. BNP Paribas Financial Markets lifted its holdings in shares of Kingsway Financial Services by 143.7% in the 3rd quarter. BNP Paribas Financial Markets now owns 4,141 shares of the company's stock worth $61,000 after acquiring an additional 2,442 shares during the last quarter. Osaic Holdings Inc. lifted its holdings in shares of Kingsway Financial Services by 17.2% in the 2nd quarter. Osaic Holdings Inc. now owns 6,925 shares of the company's stock worth $94,000 after acquiring an additional 1,015 shares during the last quarter. Finally, Bank of America Corp DE lifted its holdings in shares of Kingsway Financial Services by 36.5% in the 4th quarter. Bank of America Corp DE now owns 12,334 shares of the company's stock worth $103,000 after acquiring an additional 3,300 shares during the last quarter. 72.38% of the stock is currently owned by institutional investors.
Kingsway Financial Services Company Profile
(
Get Free Report)
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.
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