Kingsway Financial Services, Inc. $KFS is Mirabella Financial Services LLP’s 8th Largest Position

Mirabella Financial Services LLP grew its position in Kingsway Financial Services, Inc. (NYSE:KFS) (TSE:KFS) by 13.2% in the third quarter, HoldingsChannel.com reports. The firm owned 2,189,905 shares of the insurance provider’s stock after acquiring an additional 255,319 shares during the period. Kingsway Financial Services accounts for approximately 1.0% of Mirabella Financial Services LLP’s investment portfolio, making the stock its 8th biggest holding. Mirabella Financial Services LLP owned 0.08% of Kingsway Financial Services worth $32,016,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently modified their holdings of KFS. Ameritas Investment Partners Inc. raised its stake in Kingsway Financial Services by 110.6% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 1,851 shares of the insurance provider’s stock valued at $25,000 after purchasing an additional 972 shares during the period. Legal & General Group Plc grew its holdings in Kingsway Financial Services by 66.2% during the 2nd quarter. Legal & General Group Plc now owns 2,009 shares of the insurance provider’s stock valued at $27,000 after buying an additional 800 shares in the last quarter. Police & Firemen s Retirement System of New Jersey bought a new stake in shares of Kingsway Financial Services during the second quarter valued at approximately $42,000. Tower Research Capital LLC TRC lifted its holdings in shares of Kingsway Financial Services by 220.9% in the second quarter. Tower Research Capital LLC TRC now owns 3,809 shares of the insurance provider’s stock worth $52,000 after buying an additional 2,622 shares in the last quarter. Finally, BNP Paribas Financial Markets lifted its holdings in shares of Kingsway Financial Services by 143.7% in the third quarter. BNP Paribas Financial Markets now owns 4,141 shares of the insurance provider’s stock worth $61,000 after buying an additional 2,442 shares in the last quarter. Hedge funds and other institutional investors own 72.38% of the company’s stock.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Kingsway Financial Services in a report on Thursday, January 22nd. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Kingsway Financial Services presently has a consensus rating of “Sell”.

Kingsway Financial Services Price Performance

Kingsway Financial Services stock opened at $10.69 on Tuesday. Kingsway Financial Services, Inc. has a 12-month low of $7.25 and a 12-month high of $16.80. The company has a current ratio of 2.50, a quick ratio of 2.50 and a debt-to-equity ratio of 4.07. The firm has a 50-day moving average price of $12.55 and a 200-day moving average price of $13.36. The firm has a market capitalization of $309.60 million, a PE ratio of -24.86 and a beta of 0.22.

Kingsway Financial Services (NYSE:KFS) (TSE:KFS) last issued its quarterly earnings results on Thursday, March 12th. The insurance provider reported ($0.07) EPS for the quarter. Kingsway Financial Services had a negative net margin of 10.07% and a negative return on equity of 86.90%. The firm had revenue of $38.53 million for the quarter.

Insider Buying and Selling

In related news, CEO John Taylor Maloney Fitzgerald sold 30,000 shares of the business’s stock in a transaction on Tuesday, December 23rd. The stock was sold at an average price of $13.32, for a total transaction of $399,600.00. Following the completion of the transaction, the chief executive officer owned 1,459,534 shares in the company, valued at $19,440,992.88. The trade was a 2.01% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Joseph Stilwell sold 19,229 shares of the company’s stock in a transaction on Monday, December 22nd. The shares were sold at an average price of $12.80, for a total value of $246,131.20. Following the completion of the transaction, the director directly owned 300,000 shares in the company, valued at $3,840,000. This trade represents a 6.02% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have bought 804 shares of company stock worth $10,009. Insiders own 53.83% of the company’s stock.

Kingsway Financial Services Profile

Kingsway Financial Services, Inc (NYSE: KFS) is a specialty finance company focused on the acquisition, origination and servicing of residential mortgage loans and related assets in the United States. Through strategic portfolio purchases and direct origination channels, Kingsway builds a diversified mix of mortgage assets, including prime, non-QM and other specialty loan products.

The company’s principal activities include investing in and managing mortgage servicing rights (MSRs), holding mortgage loans for investment, and acquiring residential mortgage-backed securities (RMBS).