Short Interest in Kingsway Financial Services Inc. (NYSE:KFS) Decreases By 33.7%

Kingsway Financial Services Inc. (NYSE:KFS – Get Rating) (TSE:KFS) was the target of a large drop in short interest in March. As of March 31st, there was short interest totalling 12,200 shares, a drop of 33.7% from the March 15th total of 18,400 shares. Approximately 0.1% of the company’s stock are short sold. Based on an average daily volume of 14,300 shares, the short-interest ratio is currently 0.9 days.

Shares of KFS opened at $5.36 on Friday. The firm’s 50 day moving average is $5.38 and its 200-day moving average is $5.40. The company has a quick ratio of 0.20, a current ratio of 0.20 and a debt-to-equity ratio of 49.82. Kingsway Financial Services has a 12-month low of $4.28 and a 12-month high of $5.80.

Kingsway Financial Services (NYSE:KFS – Get Rating) (TSE:KFS) last announced its quarterly earnings data on Monday, February 28th. The insurance provider reported $0.19 EPS for the quarter. Kingsway Financial Services had a net margin of 0.43% and a return on equity of 167.08%. The firm had revenue of $26.79 million for the quarter.

In related news, Director Joseph Stilwell acquired 10,000 shares of the firm’s stock in a transaction on Wednesday, March 16th. The stock was bought at an average cost of $5.50 per share, with a total value of $55,000.00. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Over the last ninety days, insiders have purchased 76,222 shares of company stock valued at $417,945. Company insiders own 49.11% of the company’s stock.

Several institutional investors have recently modified their holdings of the company. Geode Capital Management LLC bought a new position in Kingsway Financial Services during the third quarter worth $120,000. BlackRock Inc. increased its holdings in Kingsway Financial Services by 193.8% in the 3rd quarter. BlackRock Inc. now owns 37,512 shares of the insurance provider’s stock valued at $201,000 after buying an additional 24,743 shares during the period. Belpointe Asset Management LLC increased its holdings in Kingsway Financial Services by 3.3% in the 4th quarter. Belpointe Asset Management LLC now owns 80,305 shares of the insurance provider’s stock valued at $440,000 after buying an additional 2,553 shares during the period. Finally, Stilwell Value LLC grew its holdings in shares of Kingsway Financial Services by 4.4% in the 4th quarter. Stilwell Value LLC now owns 7,218,970 shares of the insurance provider’s stock worth $39,560,000 after purchasing an additional 301,118 shares during the last quarter. Institutional investors and hedge funds own 72.31% of the company’s stock.

Kingsway Financial Services Company Profile (Get Rating)

Kingsway Financial Services Inc, through its subsidiaries, engages in the extended warranty business services, asset management, and real estate businesses. The company operates through three segments: Extended Warranty, Leased Real Estate, 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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