Insider Buying: Kingstone Companies Director Buys 1,000 Shares of Stock (KINS)
Kingstone Companies (NASDAQ:KINS) Director Floyd R. Tupper purchased 1,000 shares of the stock in a transaction that occurred on Monday, August 25th. The stock was purchased at an average price of $7.10 per share, for a total transaction of $7,100.00. Following the completion of the transaction, the director now directly owns 19,644 shares of the company’s stock, valued at approximately $139,472. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Separately, analysts at Compass Point raised their price target on shares of Kingstone Companies from $7.50 to $8.50 in a research note on Thursday, August 14th. They now have a “buy” rating on the stock.
Kingstone Companies (NASDAQ:KINS) opened at 7.15 on Wednesday. Kingstone Companies has a 52 week low of $4.59 and a 52 week high of $7.896. The stock has a 50-day moving average of $6.94 and a 200-day moving average of $6.77. The company has a market cap of $52.2 million and a P/E ratio of 12.00.
Kingstone Companies (NASDAQ:KINS) last issued its quarterly earnings data on Tuesday, August 12th. The company reported $0.17 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.18 by $0.01. Analysts expect that Kingstone Companies will post $0.68 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Monday, September 15th. Shareholders of record on Friday, August 29th will be paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 2.80%. The ex-dividend date is Wednesday, August 27th. This is a positive change from Kingstone Companies’s previous quarterly dividend of $0.04.
Kingstone Companies, Inc (NASDAQ:KINS) is engaged in offering property and casualty insurance products to small businesses and individuals in New York State through its wholly owned subsidiary, Kingstone Insurance Company (KICO).
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