Kingsway Financial Services (NYSE:KFS) Stock Price Passes Above 200 Day Moving Average of $8.08

Kingsway Financial Services Inc. (NYSE:KFS) (TSE:KFS)’s share price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $8.08 and traded as high as $8.55. Kingsway Financial Services shares last traded at $8.48, with a volume of 17,989 shares.

Kingsway Financial Services Stock Up 1.3 %

The company has a debt-to-equity ratio of 0.55, a current ratio of 0.58 and a quick ratio of 0.58. The stock’s 50-day moving average price is $8.61 and its 200 day moving average price is $8.08.

Insider Transactions at Kingsway Financial Services

In other Kingsway Financial Services news, Director Joseph Stilwell sold 7,300 shares of the business’s stock in a transaction on Monday, March 11th. The stock was sold at an average price of $8.76, for a total transaction of $63,948.00. Following the transaction, the director now owns 648,797 shares of the company’s stock, valued at $5,683,461.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders have purchased a total of 1,429 shares of company stock worth $12,194 in the last ninety days. Insiders own 60.05% of the company’s stock.

Hedge Funds Weigh In On Kingsway Financial Services

Institutional investors have recently bought and sold shares of the company. BlackRock Inc. raised its stake in shares of Kingsway Financial Services by 1,533.7% in the 2nd quarter. BlackRock Inc. now owns 434,437 shares of the insurance provider’s stock valued at $3,541,000 after acquiring an additional 407,844 shares during the period. Belpointe Asset Management LLC increased its position in shares of Kingsway Financial Services by 333.4% during the third quarter. Belpointe Asset Management LLC now owns 421,878 shares of the insurance provider’s stock worth $3,185,000 after purchasing an additional 324,534 shares in the last quarter. Vanguard Group Inc. grew its stake in Kingsway Financial Services by 42.9% during the 3rd quarter. Vanguard Group Inc. now owns 942,538 shares of the insurance provider’s stock worth $7,116,000 after buying an additional 283,010 shares during the last quarter. Stilwell Value LLC grew its position in shares of Kingsway Financial Services by 2.4% during the first quarter. Stilwell Value LLC now owns 7,391,464 shares of the insurance provider’s stock worth $40,653,000 after acquiring an additional 172,494 shares during the last quarter. Finally, Geode Capital Management LLC increased its holdings in shares of Kingsway Financial Services by 71.7% in the 2nd quarter. Geode Capital Management LLC now owns 258,685 shares of the insurance provider’s stock valued at $2,108,000 after acquiring an additional 108,054 shares during the period. 72.38% of the stock is owned by hedge funds and other institutional investors.

Kingsway Financial Services Company Profile

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.