Kingsway Financial Services Inc. (NYSE:KFS) Director Sells $8,000,000.00 in Stock

Kingsway Financial Services Inc. (NYSE:KFS) (TSE:KFS) Director Joseph Stilwell sold 1,000,000 shares of the stock in a transaction dated Wednesday, March 26th. The shares were sold at an average price of $8.00, for a total value of $8,000,000.00. Following the transaction, the director now directly owns 498,937 shares in the company, valued at approximately $3,991,496. This represents a 66.71 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Kingsway Financial Services Price Performance

NYSE:KFS opened at $8.13 on Friday. Kingsway Financial Services Inc. has a 1 year low of $7.06 and a 1 year high of $9.58. The company has a current ratio of 0.41, a quick ratio of 0.41 and a debt-to-equity ratio of 1.20. The firm’s fifty day simple moving average is $7.84 and its 200 day simple moving average is $8.30.

Hedge Funds Weigh In On Kingsway Financial Services

Several large investors have recently made changes to their positions in the business. Mirabella Financial Services LLP acquired a new position in shares of Kingsway Financial Services during the fourth quarter worth approximately $13,392,000. Bridgeway Capital Management LLC acquired a new stake in Kingsway Financial Services in the 4th quarter worth $410,000. JPMorgan Chase & Co. increased its holdings in shares of Kingsway Financial Services by 368.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 28,532 shares of the insurance provider’s stock worth $236,000 after purchasing an additional 22,438 shares during the period. Citadel Advisors LLC acquired a new position in shares of Kingsway Financial Services during the fourth quarter valued at about $144,000. Finally, Barclays PLC grew its position in Kingsway Financial Services by 325.5% during the third quarter. Barclays PLC now owns 18,269 shares of the insurance provider’s stock worth $150,000 after buying an additional 13,975 shares in the last quarter. Institutional investors and hedge funds own 72.38% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com raised Kingsway Financial Services from a “sell” rating to a “hold” rating in a research report on Thursday, March 20th.

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.