Kingsway Financial Services (NYSE:KFS) Stock Passes Above Two Hundred Day Moving Average – Here’s What Happened

Kingsway Financial Services Inc. (NYSE:KFS) (TSE:KFS) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $8.31 and traded as high as $9.39. Kingsway Financial Services shares last traded at $8.93, with a volume of 44,104 shares changing hands.

Kingsway Financial Services Stock Down 4.6 %

The company has a debt-to-equity ratio of 1.20, a current ratio of 0.41 and a quick ratio of 0.55. The business has a 50-day moving average of $8.53 and a 200-day moving average of $8.31.

Institutional Trading of Kingsway Financial Services

A number of large investors have recently made changes to their positions in the company. BNP Paribas Financial Markets raised its stake in Kingsway Financial Services by 193.0% during the 1st quarter. BNP Paribas Financial Markets now owns 9,679 shares of the insurance provider’s stock valued at $81,000 after acquiring an additional 6,376 shares during the last quarter. Vanguard Group Inc. grew its holdings in shares of Kingsway Financial Services by 3.2% in the 1st quarter. Vanguard Group Inc. now owns 487,353 shares of the insurance provider’s stock worth $4,065,000 after acquiring an additional 14,981 shares during the period. Swedbank AB acquired a new stake in Kingsway Financial Services during the 1st quarter valued at $2,085,000. Bank of New York Mellon Corp grew its holdings in Kingsway Financial Services by 21.9% during the 2nd quarter. Bank of New York Mellon Corp now owns 37,793 shares of the insurance provider’s stock valued at $311,000 after buying an additional 6,778 shares during the last quarter. Finally, Rhumbline Advisers grew its holdings in Kingsway Financial Services by 25.8% during the 2nd quarter. Rhumbline Advisers now owns 12,352 shares of the insurance provider’s stock valued at $102,000 after buying an additional 2,534 shares during the last quarter. 72.38% of the stock is owned by institutional investors and hedge funds.

About Kingsway Financial Services

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.