Insider Selling: Kingsway Financial Services Inc. (NYSE:KFS) Director Sells 25,000 Shares of Stock

Kingsway Financial Services Inc. (NYSE:KFS) (TSE:KFS) Director Joseph Stilwell sold 25,000 shares of the company’s stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $8.78, for a total value of $219,500.00. Following the completion of the sale, the director now directly owns 636,159 shares of the company’s stock, valued at approximately $5,585,476.02. This trade represents a 3.78 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Kingsway Financial Services Price Performance

NYSE:KFS traded up $0.01 during midday trading on Thursday, reaching $9.01. The stock had a trading volume of 46,553 shares, compared to its average volume of 46,848. Kingsway Financial Services Inc. has a 12-month low of $7.06 and a 12-month high of $9.58. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.41 and a current ratio of 0.41. The firm has a fifty day simple moving average of $8.65 and a two-hundred day simple moving average of $8.32.

Hedge Funds Weigh In On Kingsway Financial Services

A number of institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. lifted its stake in shares of Kingsway Financial Services by 3.2% in the first 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 in the last quarter. Belpointe Asset Management LLC lifted its holdings in Kingsway Financial Services by 0.9% in the second quarter. Belpointe Asset Management LLC now owns 413,593 shares of the insurance provider’s stock worth $3,408,000 after purchasing an additional 3,644 shares during the period. Geode Capital Management LLC raised its stake in shares of Kingsway Financial Services by 2.0% in the 3rd quarter. Geode Capital Management LLC now owns 347,235 shares of the insurance provider’s stock worth $2,875,000 after buying an additional 6,941 shares in the last quarter. Bard Associates Inc. boosted its holdings in Kingsway Financial Services by 0.6% during the third quarter. Bard Associates Inc. now owns 288,113 shares of the insurance provider’s stock worth $2,386,000 after buying an additional 1,848 shares in the last quarter. Finally, Swedbank AB purchased a new stake in shares of Kingsway Financial Services during the first quarter valued at $2,085,000. 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.