Kingsway Financial Services (NYSE:KFS) Director Joseph Stilwell Sells 19,229 Shares

Kingsway Financial Services, Inc. (NYSE:KFS) (TSE:KFS) Director Joseph Stilwell sold 19,229 shares of the company’s stock in a transaction on Monday, December 22nd. The stock was sold at an average price of $12.80, for a total value of $246,131.20. Following the sale, the director directly owned 300,000 shares in the company, valued at $3,840,000. This represents a 6.02% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

Joseph Stilwell also recently made the following trade(s):

• On Tuesday, December 16th, Joseph Stilwell sold 10,429 shares of Kingsway Financial Services stock. The shares were sold at an average price of $12.80, for a total value of $133,491.20.
• On Monday, December 15th, Joseph Stilwell sold 34,269 shares of Kingsway Financial Services stock. The stock was sold at an average price of $12.80, for a total value of $438,643.20.
• On Thursday, December 11th, Joseph Stilwell sold 67,500 shares of Kingsway Financial Services stock. The shares were sold at an average price of $12.80, for a total value of $864,000.00.
• On Tuesday, December 9th, Joseph Stilwell sold 20,000 shares of Kingsway Financial Services stock. The shares were sold at an average price of $12.80, for a total value of $256,000.00.
• On Monday, December 8th, Joseph Stilwell sold 35,000 shares of Kingsway Financial Services stock. The stock was sold at an average price of $12.82, for a total value of $448,700.00.

Kingsway Financial Services Stock Down 2.1%

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

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

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Kingsway Financial Services in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company currently has an average rating of “Sell”.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Greenhaven Road Investment Management L.P. raised its stake in Kingsway Financial Services by 73.4% during the 2nd quarter. Greenhaven Road Investment Management L.P. now owns 1,310,536 shares of the insurance provider’s stock worth $17,745,000 after acquiring an additional 554,891 shares in the last quarter. Mirabella Financial Services LLP grew its holdings in shares of Kingsway Financial Services by 13.2% during the third quarter. Mirabella Financial Services LLP now owns 2,189,905 shares of the insurance provider’s stock worth $32,016,000 after purchasing an additional 255,319 shares during the last quarter. Vanguard Group Inc. increased its position in shares of Kingsway Financial Services by 12.5% during the third quarter. Vanguard Group Inc. now owns 948,838 shares of the insurance provider’s stock worth $13,872,000 after purchasing an additional 105,080 shares in the last quarter. 1060 Capital LLC purchased a new stake in shares of Kingsway Financial Services in the 2nd quarter valued at about $1,021,000. Finally, Geode Capital Management LLC lifted its holdings in shares of Kingsway Financial Services by 20.2% in the 2nd quarter. Geode Capital Management LLC now owns 426,836 shares of the insurance provider’s stock valued at $5,780,000 after purchasing an additional 71,720 shares during the last quarter. 72.38% of the stock is owned by hedge funds and other institutional investors.

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).