Insider Selling: Kingsway Financial Services (NYSE:KWY) CEO Sells $51,500.00 in Stock

Kingsway Financial Services Inc (NYSE:KWY) CEO John Taylor Maloney Fitzgerald sold 5,000 shares of the stock in a transaction dated Tuesday, May 19th. The shares were sold at an average price of $10.30, for a total transaction of $51,500.00. Following the completion of the sale, the chief executive officer directly owned 29,100 shares in the company, valued at approximately $299,730. The trade was a 14.66% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

John Taylor Maloney Fitzgerald also recently made the following trade(s):

• On Thursday, May 21st, John Taylor Maloney Fitzgerald sold 5,000 shares of Kingsway Financial Services stock. The shares were sold at an average price of $10.13, for a total transaction of $50,650.00.
• On Thursday, April 30th, John Taylor Maloney Fitzgerald acquired 229 shares of Kingsway Financial Services stock. The stock was acquired at an average cost of $10.93 per share, for a total transaction of $2,502.97.
• On Wednesday, April 15th, John Taylor Maloney Fitzgerald acquired 211 shares of Kingsway Financial Services stock. The stock was acquired at an average cost of $11.85 per share, for a total transaction of $2,500.35.
• On Friday, March 13th, John Taylor Maloney Fitzgerald acquired 234 shares of Kingsway Financial Services stock. The stock was acquired at an average cost of $10.71 per share, for a total transaction of $2,506.14.
• On Friday, February 27th, John Taylor Maloney Fitzgerald purchased 202 shares of Kingsway Financial Services stock. The shares were purchased at an average cost of $12.34 per share, for a total transaction of $2,492.68.

Kingsway Financial Services Price Performance

Kingsway Financial Services stock opened at $10.06 on Friday. Kingsway Financial Services Inc has a 12-month low of $9.84 and a 12-month high of $16.80. The stock has a market capitalization of $291.24 million, a P/E ratio of -25.15 and a beta of 0.27. The firm’s 50-day moving average is $10.96 and its two-hundred day moving average is $12.87. The company has a debt-to-equity ratio of 3.56, a current ratio of 1.62 and a quick ratio of 1.62.

Kingsway Financial Services (NYSE:KWY) last released its quarterly earnings results on Thursday, May 7th. The company reported ($0.10) earnings per share (EPS) for the quarter. Kingsway Financial Services had a negative return on equity of 72.50% and a negative net margin of 8.83%.The firm had revenue of $38.96 million for the quarter.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings cut shares of Kingsway Financial Services from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Monday, May 4th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Sell”.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Bank of America Corp DE lifted its holdings in shares of Kingsway Financial Services by 6.7% during the 1st quarter. Bank of America Corp DE now owns 46,605 shares of the company’s stock worth $486,000 after acquiring an additional 2,923 shares during the period. Waverly Advisors LLC purchased a new position in shares of Kingsway Financial Services during the 1st quarter worth about $1,304,000. Renaissance Technologies LLC lifted its holdings in shares of Kingsway Financial Services by 22.3% during the 1st quarter. Renaissance Technologies LLC now owns 319,670 shares of the company’s stock worth $3,334,000 after acquiring an additional 58,290 shares during the period. Capricorn Fund Managers Ltd purchased a new position in shares of Kingsway Financial Services during the 1st quarter worth about $18,616,000. Finally, Invesco Ltd. lifted its holdings in shares of Kingsway Financial Services by 10.7% during the 4th quarter. Invesco Ltd. now owns 19,839 shares of the company’s stock worth $267,000 after acquiring an additional 1,916 shares during the period. 72.38% of the stock is currently owned by hedge funds and other institutional investors.

About Kingsway Financial Services

Kingsway Financial Services Inc is a holding company that operates through a group of subsidiaries focused on extended warranty and specialty insurance-related services. The company’s businesses primarily provide administration, underwriting, and related support services for protection products offered through automotive, consumer, and other markets.

Kingsway has historically operated in the insurance and service contract space, with activities centered on helping businesses and consumers manage risk and protection coverage needs.