Kingsway Financial Services (NYSE:KFS) CEO John Taylor Maloney Fitzgerald Sells 30,000 Shares of Stock

Kingsway Financial Services, Inc. (NYSE:KFS) (TSE:KFS) CEO John Taylor Maloney Fitzgerald sold 30,000 shares of the company’s stock in a transaction dated Tuesday, December 23rd. The shares were sold at an average price of $13.32, for a total transaction of $399,600.00. Following the completion of the transaction, the chief executive officer owned 1,459,534 shares in the company, valued at $19,440,992.88. This trade represents a 2.01% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

John Taylor Maloney Fitzgerald also recently made the following trade(s):

• On Tuesday, December 16th, John Taylor Maloney Fitzgerald purchased 195 shares of Kingsway Financial Services stock. The stock was bought at an average price of $12.82 per share, for a total transaction of $2,499.90.
• On Friday, November 28th, John Taylor Maloney Fitzgerald bought 192 shares of Kingsway Financial Services stock. The stock was purchased at an average cost of $13.03 per share, for a total transaction of $2,501.76.
• On Thursday, October 30th, John Taylor Maloney Fitzgerald acquired 177 shares of Kingsway Financial Services stock. The shares were purchased at an average price of $14.08 per share, with a total value of $2,492.16.
• On Wednesday, October 15th, John Taylor Maloney Fitzgerald purchased 157 shares of Kingsway Financial Services stock. The shares were acquired at an average cost of $15.92 per share, with a total value of $2,499.44.
• On Tuesday, September 30th, John Taylor Maloney Fitzgerald bought 171 shares of Kingsway Financial Services stock. The shares were acquired at an average cost of $14.63 per share, with a total value of $2,501.73.

Kingsway Financial Services Price Performance

Shares of NYSE:KFS opened at $13.61 on Tuesday. Kingsway Financial Services, Inc. has a one year low of $7.06 and a one year high of $16.80. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.39 and a quick ratio of 0.39. The company has a market cap of $394.09 million, a price-to-earnings ratio of -37.81 and a beta of 0.32. The firm has a 50 day simple moving average of $13.31 and a 200 day simple moving average of $13.99.

Kingsway Financial Services (NYSE:KFS) (TSE:KFS) last announced its quarterly earnings results on Thursday, November 6th. The insurance provider reported ($0.10) EPS for the quarter. Kingsway Financial Services had a negative net margin of 8.55% and a negative return on equity of 76.94%.

Hedge Funds Weigh In On Kingsway Financial Services

Large investors have recently made changes to their positions in the stock. Greenhaven Road Investment Management L.P. lifted its stake in shares of Kingsway Financial Services by 73.4% in the 2nd quarter. Greenhaven Road Investment Management L.P. now owns 1,310,536 shares of the insurance provider’s stock valued at $17,745,000 after acquiring an additional 554,891 shares during the last quarter. Mirabella Financial Services LLP lifted its stake in Kingsway Financial Services by 10.4% in the second quarter. Mirabella Financial Services LLP now owns 1,934,586 shares of the insurance provider’s stock worth $26,194,000 after acquiring an additional 182,496 shares during the period. Goldman Sachs Group Inc. boosted its stake in shares of Kingsway Financial Services by 11.2% during the 1st quarter. Goldman Sachs Group Inc. now owns 102,386 shares of the insurance provider’s stock valued at $811,000 after purchasing an additional 10,350 shares in the last quarter. 1060 Capital LLC bought a new stake in Kingsway Financial Services during the 2nd quarter valued at approximately $1,021,000. Finally, Nuveen LLC bought a new stake in shares of Kingsway Financial Services during the first quarter valued at approximately $139,000. 72.38% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Kingsway Financial Services in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the company presently has an average rating of “Sell”.

Kingsway Financial Services Company Profile

Kingsway Financial Services, Inc (NYSE: KFS) is a specialty finance company focused on the acquisition, origination and servicing of residential mortgage loans and related assets in the United States. Through strategic portfolio purchases and direct origination channels, Kingsway builds a diversified mix of mortgage assets, including prime, non-QM and other specialty loan products.

The company’s principal activities include investing in and managing mortgage servicing rights (MSRs), holding mortgage loans for investment, and acquiring residential mortgage-backed securities (RMBS).