Kingstone Companies CEO Barry Goldstein Acquires 1,000 Shares (KINS)
Kingstone Companies (NASDAQ:KINS) CEO Barry Goldstein bought 1,000 shares of the stock on the open market in a transaction dated Wednesday, September 3rd. The stock was purchased at an average price of $7.37 per share, for a total transaction of $7,370.00. Following the completion of the transaction, the chief executive officer now directly owns 788,000 shares in the company, valued at approximately $5,807,560. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link.
Kingstone Companies (NASDAQ:KINS) traded down 0.54% during mid-day trading on Wednesday, hitting $7.35. The stock had a trading volume of 27,255 shares. Kingstone Companies has a one year low of $4.59 and a one year high of $7.896. The stock’s 50-day moving average is $6.98 and its 200-day moving average is $6.77. The company has a market cap of $53.6 million and a price-to-earnings ratio of 12.40.
Kingstone Companies (NASDAQ:KINS) last announced its earnings results 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. On average, analysts predict that Kingstone Companies will post $0.68 earnings per share 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 2.72%. The ex-dividend date is Wednesday, August 27th. This is a positive change from Kingstone Companies’s previous quarterly dividend of $0.04.
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, 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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