Kingsway Financial Services Inc (NYSE:KWY - Get Free Report) Director Joseph Stilwell sold 100,000 shares of the business's stock in a transaction that occurred on Thursday, August 13th. The shares were sold at an average price of $10.00, for a total value of $1,000,000.00. Following the completion of the sale, the director directly owned 267,018 shares of the company's stock, valued at approximately $2,670,180. The trade was a 27.25% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
Kingsway Financial Services Price Performance
Shares of KWY opened at $9.79 on Tuesday. The firm has a market cap of $283.22 million, a PE ratio of -32.63 and a beta of 0.24. The firm's 50 day moving average price is $9.86 and its 200 day moving average price is $11.24. 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.
Kingsway Financial Services (NYSE:KWY - Get Free Report) last posted its earnings results on Thursday, August 6th. The company reported ($0.03) earnings per share (EPS) for the quarter. The business had revenue of $39.44 million during the quarter. Kingsway Financial Services had a negative net margin of 6.69% and a negative return on equity of 61.62%.
Wall Street Analyst Weigh In
Separately, Weiss Ratings upgraded shares of Kingsway Financial Services from a "sell (e+)" rating to a "sell (d-)" rating in a report on Friday, May 29th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, Kingsway Financial Services currently has an average rating of "Sell".
View Our Latest Report on Kingsway Financial Services
Institutional Investors Weigh In On Kingsway Financial Services
A number of large investors have recently added to or reduced their stakes in KWY. Capricorn Fund Managers Ltd bought a new position in shares of Kingsway Financial Services in the first quarter valued at approximately $18,616,000. Greenhaven Road Investment Management L.P. boosted 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 buying an additional 573,993 shares during the period. Waverly Advisors LLC bought a new stake in shares of Kingsway Financial Services during the 1st quarter worth $1,304,000. Vanguard Group Inc. grew its stake in Kingsway Financial Services by 12.5% in the 3rd quarter. Vanguard Group Inc. now owns 948,838 shares of the company's stock valued at $13,872,000 after buying an additional 105,080 shares during the last quarter. Finally, Geode Capital Management LLC grew its stake in Kingsway Financial Services by 20.2% in the 2nd quarter. Geode Capital Management LLC now owns 426,836 shares of the company's stock valued at $5,780,000 after buying an additional 71,720 shares during the last quarter. Institutional investors own 72.38% of the company's stock.
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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