Kingsway Financial Services (NYSE:KFS) Share Price Passes Above Two Hundred Day Moving Average – Should You Sell?

Kingsway Financial Services Inc. (NYSE:KFS) (TSE:KFS)’s stock price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $8.38 and traded as high as $8.46. Kingsway Financial Services shares last traded at $8.39, with a volume of 240,718 shares changing hands.

Kingsway Financial Services Price Performance

The stock has a fifty day moving average of $8.88 and a 200-day moving average of $8.39. The company has a quick ratio of 0.41, a current ratio of 0.41 and a debt-to-equity ratio of 1.20.

Insiders Place Their Bets

In other news, Director Joseph Stilwell sold 365,000 shares of the company’s stock in a transaction on Wednesday, December 18th. The stock was sold at an average price of $8.43, for a total transaction of $3,076,950.00. Following the transaction, the director now owns 593,743 shares of the company’s stock, valued at $5,005,253.49. This represents a 38.07 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Over the last three months, insiders purchased 1,007 shares of company stock valued at $9,068. Insiders own 54.75% of the company’s stock.

Hedge Funds Weigh In On Kingsway Financial Services

A number of hedge funds and other institutional investors have recently bought and sold shares of KFS. DHK Financial Advisors Inc. bought a new position in Kingsway Financial Services during the second quarter worth about $303,000. Barclays PLC raised its position in shares of Kingsway Financial Services by 325.5% in the 3rd quarter. Barclays PLC now owns 18,269 shares of the insurance provider’s stock valued at $150,000 after acquiring an additional 13,975 shares during the period. 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 worth $2,875,000 after acquiring an additional 6,941 shares during the last quarter. State Street Corp boosted its stake in Kingsway Financial Services by 4.8% during 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 last quarter. Finally, Bank of New York Mellon Corp grew its holdings in Kingsway Financial Services by 21.9% during the second quarter. Bank of New York Mellon Corp now owns 37,793 shares of the insurance provider’s stock valued at $311,000 after purchasing an additional 6,778 shares during the period. 72.38% of the stock is owned by institutional investors.

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.