Kingsway Financial Services Inc. (NYSE:KFS) Short Interest Up 6.8% in January

Kingsway Financial Services Inc. (NYSE:KFS) (TSE:KFS) was the target of a large increase in short interest in the month of January. As of January 15th, there was short interest totalling 425,000 shares, an increase of 6.8% from the December 31st total of 398,000 shares. Currently, 2.1% of the company’s stock are sold short. Based on an average daily trading volume, of 43,900 shares, the days-to-cover ratio is currently 9.7 days.

Insider Activity at Kingsway Financial Services

In related news, Director Joseph Stilwell sold 25,000 shares of the business’s stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $8.78, for a total value of $219,500.00. Following the transaction, the director now owns 636,159 shares in the company, valued at approximately $5,585,476.02. The trade was a 3.78 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In the last ninety days, insiders have purchased 1,177 shares of company stock worth $10,010. 54.75% of the stock is currently owned by company insiders.

Institutional Trading of Kingsway Financial Services

Several hedge funds and other institutional investors have recently bought and sold shares of the company. BNP Paribas Financial Markets grew its position in shares of Kingsway Financial Services by 36.4% in the 3rd quarter. BNP Paribas Financial Markets now owns 6,526 shares of the insurance provider’s stock worth $54,000 after acquiring an additional 1,742 shares in the last quarter. State Street Corp increased its holdings in shares of Kingsway Financial Services by 4.8% in the 3rd quarter. State Street Corp now owns 151,477 shares of the insurance provider’s stock worth $1,254,000 after acquiring an additional 6,877 shares during the period. JPMorgan Chase & Co. lifted its position in Kingsway Financial Services by 368.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 28,532 shares of the insurance provider’s stock valued at $236,000 after purchasing an additional 22,438 shares during the last quarter. Geode Capital Management LLC boosted its stake in Kingsway Financial Services by 2.0% during the 3rd quarter. Geode Capital Management LLC now owns 347,235 shares of the insurance provider’s stock valued at $2,875,000 after purchasing an additional 6,941 shares during the period. Finally, Barclays PLC grew its position in Kingsway Financial Services by 325.5% in the 3rd quarter. Barclays PLC now owns 18,269 shares of the insurance provider’s stock worth $150,000 after purchasing an additional 13,975 shares during the last quarter. 72.38% of the stock is owned by institutional investors.

Kingsway Financial Services Price Performance

Shares of KFS traded down $0.03 during trading on Tuesday, reaching $7.96. The company’s stock had a trading volume of 5,301 shares, compared to its average volume of 30,899. 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 company has a fifty day moving average of $8.33 and a two-hundred day moving average of $8.40. Kingsway Financial Services has a twelve month low of $7.60 and a twelve month high of $9.58.

Kingsway Financial Services (NYSE:KFS) (TSE:KFS) last posted its quarterly earnings data on Wednesday, November 6th. The insurance provider reported $0.10 EPS for the quarter. The firm had revenue of $27.14 million for the quarter. Kingsway Financial Services had a negative net margin of 3.63% and a negative return on equity of 7.83%.

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.