Kingsway Financial Services (NYSE:KFS) Director Sells $246,131.20 in Stock

Kingsway Financial Services, Inc. (NYSE:KFS) (TSE:KFS) Director Joseph Stilwell sold 19,229 shares of the stock in a transaction on Monday, December 22nd. The shares were sold at an average price of $12.80, for a total transaction of $246,131.20. Following the transaction, the director directly owned 300,000 shares in the company, valued at approximately $3,840,000. The trade was a 6.02% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Joseph Stilwell also recently made the following trade(s):

• On Tuesday, December 16th, Joseph Stilwell sold 10,429 shares of Kingsway Financial Services stock. The stock was sold at an average price of $12.80, for a total transaction of $133,491.20.
• On Monday, December 15th, Joseph Stilwell sold 34,269 shares of Kingsway Financial Services stock. The shares were sold at an average price of $12.80, for a total transaction of $438,643.20.
• On Thursday, December 11th, Joseph Stilwell sold 67,500 shares of Kingsway Financial Services stock. The stock was sold at an average price of $12.80, for a total value of $864,000.00.
• On Tuesday, December 9th, Joseph Stilwell sold 20,000 shares of Kingsway Financial Services stock. The shares were sold at an average price of $12.80, for a total value of $256,000.00.
• On Monday, December 8th, Joseph Stilwell sold 35,000 shares of Kingsway Financial Services stock. The shares were sold at an average price of $12.82, for a total value of $448,700.00.

Kingsway Financial Services Price Performance

Shares of NYSE:KFS traded down $0.29 during trading on Monday, reaching $13.61. The stock had a trading volume of 68,861 shares, compared to its average volume of 64,211. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.39 and a current ratio of 0.39. Kingsway Financial Services, Inc. has a 1-year low of $7.06 and a 1-year high of $16.80. The stock has a market cap of $394.15 million, a PE ratio of -37.81 and a beta of 0.32. The business has a fifty day moving average price of $13.33 and a 200-day moving average price of $13.99.

Kingsway Financial Services (NYSE:KFS) (TSE:KFS) last announced its quarterly earnings data on Thursday, November 6th. The insurance provider reported ($0.10) earnings per share for the quarter. Kingsway Financial Services had a negative net margin of 8.55% and a negative return on equity of 76.94%.

Hedge Funds Weigh In On Kingsway Financial Services

Institutional investors have recently bought and sold shares of the company. Ameritas Investment Partners Inc. boosted its holdings in Kingsway Financial Services by 110.6% in 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 last quarter. Nisa Investment Advisors LLC acquired a new position in Kingsway Financial Services in the second quarter valued at approximately $26,000. Legal & General Group Plc lifted its holdings in Kingsway Financial Services by 66.2% in the second quarter. Legal & General Group Plc now owns 2,009 shares of the insurance provider’s stock valued at $27,000 after acquiring an additional 800 shares during the last quarter. Police & Firemen s Retirement System of New Jersey purchased a new position in Kingsway Financial Services in the second quarter worth approximately $42,000. Finally, Tower Research Capital LLC TRC increased its stake in Kingsway Financial Services by 220.9% during the second quarter. Tower Research Capital LLC TRC now owns 3,809 shares of the insurance provider’s stock worth $52,000 after acquiring an additional 2,622 shares during the last quarter. 72.38% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Kingsway Financial Services in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company presently has a consensus rating of “Sell”.

Kingsway Financial Services Company 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).