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

Kingsway Financial Services Inc. (NYSE:KFSGet Free Report) (TSE:KFS) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $8.08 and traded as high as $8.40. Kingsway Financial Services shares last traded at $8.30, with a volume of 44,464 shares changing hands.

Kingsway Financial Services Price Performance

The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 0.55. The company’s 50 day simple moving average is $8.69 and its two-hundred day simple moving average is $8.08.

Insiders Place Their Bets

In other Kingsway Financial Services news, Director Joseph Stilwell sold 7,300 shares of the firm’s stock in a transaction on Monday, March 11th. The shares were sold at an average price of $8.76, for a total value of $63,948.00. Following the completion of 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 SEC, which is available at this link. Over the last quarter, insiders purchased 1,437 shares of company stock valued at $12,196. Insiders own 60.05% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Barclays PLC grew its position in Kingsway Financial Services by 621.3% during the fourth quarter. Barclays PLC now owns 15,082 shares of the insurance provider’s stock valued at $127,000 after buying an additional 12,991 shares during the period. Nuveen Asset Management LLC boosted its position in Kingsway Financial Services by 25.5% during the fourth quarter. Nuveen Asset Management LLC now owns 15,529 shares of the insurance provider’s stock worth $130,000 after acquiring an additional 3,155 shares during the last quarter. Greenhaven Road Investment Management L.P. boosted its position in Kingsway Financial Services by 26.2% during the fourth quarter. Greenhaven Road Investment Management L.P. now owns 403,395 shares of the insurance provider’s stock worth $3,388,000 after acquiring an additional 83,641 shares during the last quarter. Royal Bank of Canada boosted its position in Kingsway Financial Services by 12.5% during the fourth quarter. Royal Bank of Canada now owns 13,957 shares of the insurance provider’s stock worth $117,000 after acquiring an additional 1,548 shares during the last quarter. Finally, Wasatch Advisors LP boosted its position in Kingsway Financial Services by 14.6% during the fourth quarter. Wasatch Advisors LP now owns 828,552 shares of the insurance provider’s stock worth $6,960,000 after acquiring an additional 105,751 shares during the last quarter. Hedge funds and other institutional investors own 72.38% of the company’s stock.

Kingsway Financial Services Company Profile

(Get 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.

Further Reading

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