Squarepoint Ops LLC Invests $331,000 in Kingstone Companies, Inc. (NASDAQ:KINS)

Squarepoint Ops LLC bought a new stake in Kingstone Companies, Inc. (NASDAQ:KINS) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 21,762 shares of the insurance provider’s stock, valued at approximately $331,000. Squarepoint Ops LLC owned 0.18% of Kingstone Companies as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. SBI Securities Co. Ltd. bought a new position in shares of Kingstone Companies during the fourth quarter valued at approximately $26,000. Tower Research Capital LLC TRC grew its stake in shares of Kingstone Companies by 370.6% in the 4th quarter. Tower Research Capital LLC TRC now owns 2,847 shares of the insurance provider’s stock worth $43,000 after buying an additional 2,242 shares during the last quarter. State of Wyoming bought a new position in Kingstone Companies during the 4th quarter valued at approximately $103,000. JPMorgan Chase & Co. raised its stake in Kingstone Companies by 8.1% during the fourth quarter. JPMorgan Chase & Co. now owns 11,042 shares of the insurance provider’s stock valued at $168,000 after buying an additional 823 shares during the last quarter. Finally, Schonfeld Strategic Advisors LLC purchased a new position in Kingstone Companies during the fourth quarter valued at $211,000. 14.91% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Separately, Wall Street Zen lowered shares of Kingstone Companies from a “buy” rating to a “hold” rating in a research note on Saturday, May 17th.

Insiders Place Their Bets

In related news, Director Thomas Newgarden acquired 12,500 shares of the business’s stock in a transaction on Tuesday, May 27th. The stock was acquired at an average cost of $16.77 per share, with a total value of $209,625.00. Following the acquisition, the director now directly owns 51,715 shares in the company, valued at $867,260.55. This represents a 31.88% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 12.20% of the stock is currently owned by company insiders.

Kingstone Companies Stock Performance

KINS stock opened at $15.23 on Friday. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.43 and a quick ratio of 0.43. Kingstone Companies, Inc. has a 1 year low of $4.65 and a 1 year high of $22.40. The company has a market cap of $213.31 million, a P/E ratio of 11.72 and a beta of 0.60. The stock’s fifty day moving average price is $17.00 and its 200-day moving average price is $16.28.

Kingstone Companies (NASDAQ:KINS) last posted its quarterly earnings data on Thursday, May 8th. The insurance provider reported $0.17 EPS for the quarter. Kingstone Companies had a return on equity of 32.55% and a net margin of 10.60%. On average, equities analysts forecast that Kingstone Companies, Inc. will post 1.4 earnings per share for the current year.

About Kingstone Companies

Kingstone Companies, Inc, through its subsidiary, provides property and casualty insurance products to individuals in the United States. It offers personal line of insurance products, such as homeowners and dwelling fire, cooperative/condominiums, renters, and personal umbrella policies. The company also provides for-hire vehicle physical damage only policies for livery and car service vehicles and taxicabs; and canine legal liability policies.