Angel Oak Capital Advisors LLC Sells 84,990 Shares of Kingstone Companies, Inc $KINS

Angel Oak Capital Advisors LLC lowered its holdings in Kingstone Companies, Inc (NASDAQ:KINS) by 38.2% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 137,249 shares of the insurance provider’s stock after selling 84,990 shares during the quarter. Kingstone Companies comprises approximately 3.0% of Angel Oak Capital Advisors LLC’s investment portfolio, making the stock its 6th largest holding. Angel Oak Capital Advisors LLC owned about 0.98% of Kingstone Companies worth $2,115,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the business. LPL Financial LLC grew its holdings in shares of Kingstone Companies by 62.8% during the first quarter. LPL Financial LLC now owns 118,436 shares of the insurance provider’s stock valued at $1,972,000 after buying an additional 45,686 shares during the last quarter. GSA Capital Partners LLP bought a new position in Kingstone Companies in the 1st quarter valued at about $542,000. De Lisle Partners LLP lifted its position in Kingstone Companies by 139.3% in the 1st quarter. De Lisle Partners LLP now owns 95,710 shares of the insurance provider’s stock valued at $1,593,000 after acquiring an additional 55,710 shares in the last quarter. XTX Topco Ltd boosted its stake in Kingstone Companies by 32.7% during the 1st quarter. XTX Topco Ltd now owns 32,949 shares of the insurance provider’s stock valued at $549,000 after purchasing an additional 8,113 shares during the last quarter. Finally, American Century Companies Inc. increased its holdings in Kingstone Companies by 89.6% during the 1st quarter. American Century Companies Inc. now owns 161,809 shares of the insurance provider’s stock worth $2,694,000 after purchasing an additional 76,451 shares in the last quarter. Institutional investors and hedge funds own 14.91% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the company. Weiss Ratings restated a “hold (c+)” rating on shares of Kingstone Companies in a report on Wednesday, October 8th. Wall Street Zen cut Kingstone Companies from a “strong-buy” rating to a “buy” rating in a research note on Saturday, November 8th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat, Kingstone Companies has an average rating of “Hold”.

Kingstone Companies Stock Performance

Shares of KINS opened at $14.67 on Friday. The stock has a 50 day moving average of $14.47 and a 200 day moving average of $15.25. The company has a market capitalization of $207.45 million, a price-to-earnings ratio of 7.34 and a beta of 0.47. Kingstone Companies, Inc has a 12 month low of $10.52 and a 12 month high of $22.40. The company has a current ratio of 0.46, a quick ratio of 0.46 and a debt-to-equity ratio of 0.05.

Kingstone Companies (NASDAQ:KINS) last announced its quarterly earnings data on Thursday, November 6th. The insurance provider reported $0.73 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.61 by $0.12. The firm had revenue of $55.65 million during the quarter, compared to the consensus estimate of $53.20 million. Kingstone Companies had a return on equity of 33.21% and a net margin of 14.84%. As a group, sell-side analysts forecast that Kingstone Companies, Inc will post 1.4 earnings per share for the current year.

Kingstone Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 26th. Shareholders of record on Tuesday, November 11th will be given a $0.05 dividend. The ex-dividend date of this dividend is Monday, November 10th. This represents a $0.20 annualized dividend and a yield of 1.4%. Kingstone Companies’s payout ratio is currently 9.13%.

Kingstone Companies Profile

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.