Kingstone Companies (NASDAQ:KINS) Share Price Crosses Below 200 Day Moving Average of $4.38

Kingstone Companies, Inc. (NASDAQ:KINSGet Rating)’s stock price crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $4.38 and traded as low as $3.54. Kingstone Companies shares last traded at $3.54, with a volume of 4,481 shares traded.

Wall Street Analysts Forecast Growth

Separately, Piper Sandler reduced their price objective on Kingstone Companies from $7.00 to $5.40 and set a “na” rating for the company in a report on Monday, May 16th.

Kingstone Companies Trading Down 1.7 %

The company has a debt-to-equity ratio of 0.64, a current ratio of 0.44 and a quick ratio of 0.44. The business’s 50-day moving average price is $3.78 and its two-hundred day moving average price is $4.38. The company has a market capitalization of $37.69 million, a price-to-earnings ratio of -1.62 and a beta of 0.70.

Kingstone Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 15th. Stockholders of record on Wednesday, August 31st will be given a $0.04 dividend. The ex-dividend date is Tuesday, August 30th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 4.52%. Kingstone Companies’s payout ratio is -7.34%.

Institutional Investors Weigh In On Kingstone Companies

A hedge fund recently raised its stake in Kingstone Companies stock. Advisor Group Holdings Inc. increased its holdings in Kingstone Companies, Inc. (NASDAQ:KINSGet Rating) by 12.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 56,982 shares of the insurance provider’s stock after buying an additional 6,319 shares during the period. Advisor Group Holdings Inc. owned 0.54% of Kingstone Companies worth $285,000 as of its most recent filing with the Securities and Exchange Commission. 44.93% of the stock is currently owned by hedge funds and other institutional investors.

About Kingstone Companies

(Get Rating)

Kingstone Companies, Inc, through its subsidiary, Kingstone Insurance Company, underwrites property and casualty insurance products to individuals in New York. The company offers personal line of insurance products, including homeowners and dwelling fire multi-peril, cooperative/condominiums, renters, and personal umbrella policies.

Further Reading

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