Rhumbline Advisers Has $82,000 Holdings in Kingsway Financial Services, Inc. (NYSE:KFS)

Rhumbline Advisers lessened its position in Kingsway Financial Services, Inc. (NYSE:KFSFree Report) (TSE:KFS) by 14.7% during the 1st quarter, HoldingsChannel.com reports. The fund owned 10,327 shares of the insurance provider’s stock after selling 1,777 shares during the period. Rhumbline Advisers’ holdings in Kingsway Financial Services were worth $82,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently bought and sold shares of KFS. Wells Fargo & Company MN grew its position in shares of Kingsway Financial Services by 50.0% in the fourth quarter. Wells Fargo & Company MN now owns 5,937 shares of the insurance provider’s stock valued at $50,000 after purchasing an additional 1,980 shares during the last quarter. Private Advisor Group LLC bought a new stake in Kingsway Financial Services during the 4th quarter valued at approximately $102,000. Bank of America Corp DE boosted its stake in Kingsway Financial Services by 36.5% during the 4th quarter. Bank of America Corp DE now owns 12,334 shares of the insurance provider’s stock valued at $103,000 after purchasing an additional 3,300 shares during the period. Townsquare Capital LLC acquired a new stake in Kingsway Financial Services in the 4th quarter valued at approximately $108,000. Finally, Citadel Advisors LLC bought a new position in Kingsway Financial Services in the 4th quarter worth approximately $144,000. Institutional investors and hedge funds own 72.38% of the company’s stock.

Kingsway Financial Services Stock Up 7.2%

NYSE:KFS opened at $14.31 on Friday. The company has a current ratio of 0.41, a quick ratio of 0.41 and a debt-to-equity ratio of 1.85. Kingsway Financial Services, Inc. has a one year low of $7.06 and a one year high of $14.38. The company has a fifty day moving average price of $11.23 and a 200 day moving average price of $9.11.

Kingsway Financial Services (NYSE:KFSGet Free Report) (TSE:KFS) last posted its quarterly earnings data on Thursday, May 8th. The insurance provider reported ($0.13) earnings per share (EPS) for the quarter. Kingsway Financial Services had a negative return on equity of 37.05% and a negative net margin of 3.92%.

Wall Street Analyst Weigh In

Separately, Wall Street Zen cut Kingsway Financial Services from a “hold” rating to a “sell” rating in a research report on Wednesday, May 21st.

Check Out Our Latest Analysis on Kingsway Financial Services

About Kingsway Financial Services

(Free Report)

Kingsway Financial Services Inc, through its subsidiaries, engages in the extended warranty and business services in the United States. The company operates through two segments, Extended Warranty and Kingsway Search Xcelerator. The Extended Warranty segment markets, sells, and administers vehicle service agreements and related products for new and used automobiles, motorcycles, and ATVs.

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Want to see what other hedge funds are holding KFS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Kingsway Financial Services, Inc. (NYSE:KFSFree Report) (TSE:KFS).

Institutional Ownership by Quarter for Kingsway Financial Services (NYSE:KFS)

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