StockNews.com upgraded shares of Kingsway Financial Services (NYSE:KFS – Free Report) (TSE:KFS) from a sell rating to a hold rating in a research report released on Thursday.
Kingsway Financial Services Price Performance
Shares of KFS opened at $7.48 on Thursday. The stock’s 50-day moving average price is $7.87 and its two-hundred day moving average price is $8.31. Kingsway Financial Services has a 12 month low of $7.06 and a 12 month high of $9.58. The company has a quick ratio of 0.41, a current ratio of 0.41 and a debt-to-equity ratio of 1.20.
Institutional Inflows and Outflows
Several hedge funds have recently added to or reduced their stakes in KFS. Wells Fargo & Company MN raised its stake in Kingsway Financial Services by 50.0% during the fourth quarter. Wells Fargo & Company MN now owns 5,937 shares of the insurance provider’s stock worth $50,000 after buying an additional 1,980 shares during the last quarter. BNP Paribas Financial Markets raised 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. Private Advisor Group LLC acquired a new position in shares of Kingsway Financial Services in the 4th quarter valued at about $102,000. Bank of America Corp DE boosted its position in shares of Kingsway Financial Services by 36.5% during the 4th quarter. Bank of America Corp DE now owns 12,334 shares of the insurance provider’s stock valued at $103,000 after purchasing an additional 3,300 shares in the last quarter. Finally, Townsquare Capital LLC acquired a new stake in Kingsway Financial Services during the fourth quarter worth approximately $108,000. Institutional investors own 72.38% of the company’s stock.
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.
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