Ritholtz Wealth Management Sells 4,924 Shares of Kingsway Financial Services Inc. (NYSE:KFS)

Ritholtz Wealth Management lowered its stake in shares of Kingsway Financial Services Inc. (NYSE:KFSFree Report) (TSE:KFS) by 28.3% during the fourth quarter, Holdings Channel reports. The fund owned 12,475 shares of the insurance provider’s stock after selling 4,924 shares during the period. Ritholtz Wealth Management’s holdings in Kingsway Financial Services were worth $105,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. California State Teachers Retirement System acquired a new position in Kingsway Financial Services during the 2nd quarter valued at about $29,000. Citigroup Inc. acquired a new position in Kingsway Financial Services during the 4th quarter valued at about $34,000. Wells Fargo & Company MN lifted its position in Kingsway Financial Services by 4,215.4% during the 2nd quarter. Wells Fargo & Company MN now owns 4,488 shares of the insurance provider’s stock valued at $37,000 after purchasing an additional 4,384 shares during the period. BNP Paribas Arbitrage SNC acquired a new position in Kingsway Financial Services during the 2nd quarter valued at about $38,000. Finally, Barclays PLC acquired a new position in Kingsway Financial Services during the 1st quarter valued at about $64,000. 72.38% of the stock is currently owned by institutional investors and hedge funds.

Kingsway Financial Services Price Performance

Kingsway Financial Services stock opened at $8.45 on Thursday. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.58 and a current ratio of 0.58. Kingsway Financial Services Inc. has a 1 year low of $6.25 and a 1 year high of $9.48. The company’s 50-day moving average is $8.67 and its two-hundred day moving average is $8.07.

Insider Buying and Selling at Kingsway Financial Services

In other Kingsway Financial Services news, Director Joseph Stilwell sold 13,095 shares of the company’s stock in a transaction dated Friday, March 8th. The shares were sold at an average price of $8.84, for a total transaction of $115,759.80. Following the transaction, the director now directly owns 649,432 shares in the company, valued at approximately $5,740,978.88. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In the last three months, insiders have acquired 1,928 shares of company stock worth $16,256. Company insiders own 60.05% of the company’s stock.

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

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