Bridgeway Capital Management LLC Makes New Investment in Kingsway Financial Services Inc. (NYSE:KFS)

Bridgeway Capital Management LLC bought a new stake in shares of Kingsway Financial Services Inc. (NYSE:KFS) (TSE:KFS) in the fourth quarter, Holdings Channel reports. The fund bought 49,000 shares of the insurance provider’s stock, valued at approximately $410,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Mirabella Financial Services LLP bought a new position in shares of Kingsway Financial Services in the fourth quarter worth approximately $13,392,000. JPMorgan Chase & Co. increased its position in shares of Kingsway Financial Services by 368.2% during the third quarter. JPMorgan Chase & Co. now owns 28,532 shares of the insurance provider’s stock valued at $236,000 after acquiring an additional 22,438 shares in the last quarter. Citadel Advisors LLC purchased a new position in Kingsway Financial Services in the 4th quarter worth approximately $144,000. Barclays PLC lifted its position 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 acquiring an additional 13,975 shares in the last quarter. Finally, Townsquare Capital LLC bought a new position in Kingsway Financial Services in the 4th quarter valued at approximately $108,000. Institutional investors own 72.38% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered Kingsway Financial Services from a “hold” rating to a “sell” rating in a report on Monday.

Kingsway Financial Services Stock Up 0.0%

NYSE KFS opened at $9.00 on Tuesday. Kingsway Financial Services Inc. has a one year low of $7.06 and a one year high of $9.58. The stock has a 50-day moving average of $8.05 and a 200 day moving average of $8.27. The company has a current ratio of 0.41, a quick ratio of 0.41 and a debt-to-equity ratio of 1.20.

Kingsway Financial Services (NYSE:KFS) (TSE:KFS) last announced its quarterly earnings results on Thursday, May 8th. The insurance provider reported ($0.13) EPS for the quarter. Kingsway Financial Services had a negative return on equity of 7.83% and a negative net margin of 3.63%.

Insider Buying and Selling

In other Kingsway Financial Services news, Director Joseph Stilwell sold 1,000,000 shares of the business’s stock in a transaction on Wednesday, March 26th. The shares were sold at an average price of $8.00, for a total transaction of $8,000,000.00. Following the completion of the sale, the director now directly owns 498,937 shares in the company, valued at approximately $3,991,496. The trade was a 66.71% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 53.83% of the stock is currently owned by corporate insiders.

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.