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

Kingsway Financial Services Inc. (NYSE:KFS) (TSE:KFS) saw a significant increase in short interest in 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. Approximately 2.1% of the company’s stock are sold short. Based on an average daily trading volume, of 43,900 shares, the short-interest ratio is currently 9.7 days.

Insider Buying and Selling at Kingsway Financial Services

In other news, Director Joseph Stilwell sold 365,000 shares of Kingsway Financial Services stock in a transaction dated 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 sale, the director now owns 593,743 shares in the company, valued at approximately $5,005,253.49. The trade was a 38.07 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders have acquired a total of 1,177 shares of company stock worth $10,010 over the last ninety days. Corporate 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 made changes to their positions in KFS. Bard Associates Inc. boosted its holdings in Kingsway Financial Services by 0.6% in the 3rd quarter. Bard Associates Inc. now owns 288,113 shares of the insurance provider’s stock valued at $2,386,000 after purchasing an additional 1,848 shares in the last quarter. BNP Paribas Financial Markets boosted its holdings in 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 valued at $54,000 after purchasing an additional 1,742 shares in the last quarter. State Street Corp boosted its holdings in Kingsway Financial Services by 4.8% in the 3rd quarter. State Street Corp now owns 151,477 shares of the insurance provider’s stock valued at $1,254,000 after purchasing an additional 6,877 shares in the last quarter. Barclays PLC boosted its holdings in 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 purchasing an additional 13,975 shares in the last quarter. Finally, Geode Capital Management LLC boosted its stake in shares of 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 in the last quarter. Hedge funds and other institutional investors own 72.38% of the company’s stock.

Kingsway Financial Services Stock Performance

Shares of KFS traded down $0.01 during midday trading on Tuesday, reaching $7.98. 3,425 shares of the stock were exchanged, compared to its average volume of 30,818. The business’s 50-day moving average price is $8.33 and its 200 day moving average price is $8.40. The company has a quick ratio of 0.41, a current ratio of 0.41 and a debt-to-equity ratio of 1.20. 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 released its quarterly earnings results on Wednesday, November 6th. The insurance provider reported $0.10 earnings per share (EPS) for the quarter. Kingsway Financial Services had a negative return on equity of 7.83% and a negative net margin of 3.63%. The firm had revenue of $27.14 million for the quarter.

Kingsway Financial Services Company Profile

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.