Kingsway Financial Services (NYSE:KWY) CEO John Taylor Maloney Fitzgerald Sells 5,000 Shares of Stock

Kingsway Financial Services Inc (NYSE:KWY) CEO John Taylor Maloney Fitzgerald sold 5,000 shares of the business’s stock in a transaction dated Thursday, May 21st. The shares were sold at an average price of $10.13, for a total value of $50,650.00. Following the completion of the sale, the chief executive officer owned 29,100 shares in the company, valued at approximately $294,783. This trade represents a 14.66% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

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

• On Tuesday, May 19th, John Taylor Maloney Fitzgerald sold 5,000 shares of Kingsway Financial Services stock. The shares were sold at an average price of $10.30, for a total value of $51,500.00.
• On Thursday, April 30th, John Taylor Maloney Fitzgerald purchased 229 shares of Kingsway Financial Services stock. The stock was purchased at an average price of $10.93 per share, for a total transaction of $2,502.97.
• On Wednesday, April 15th, John Taylor Maloney Fitzgerald purchased 211 shares of Kingsway Financial Services stock. The stock was purchased at an average price of $11.85 per share, for a total transaction of $2,500.35.
• On Friday, March 13th, John Taylor Maloney Fitzgerald purchased 234 shares of Kingsway Financial Services stock. The stock was purchased at an average price of $10.71 per share, for a total transaction of $2,506.14.
• On Friday, February 27th, John Taylor Maloney Fitzgerald bought 202 shares of Kingsway Financial Services stock. The shares were bought at an average price of $12.34 per share, for a total transaction of $2,492.68.

Kingsway Financial Services Stock Performance

KWY opened at $10.06 on Friday. Kingsway Financial Services Inc has a 52-week low of $9.84 and a 52-week high of $16.80. The firm has a market capitalization of $291.24 million, a PE ratio of -25.15 and a beta of 0.27. The company has a debt-to-equity ratio of 3.56, a quick ratio of 1.62 and a current ratio of 1.62. The business’s 50-day simple moving average is $10.96 and its 200 day simple moving average is $12.88.

Kingsway Financial Services (NYSE:KWY) last released its 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 company had revenue of $38.96 million for the quarter.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings lowered Kingsway Financial Services from a “sell (d-)” rating to a “sell (e+)” rating in a report on Monday, May 4th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company has an average rating of “Sell”.

Institutional Trading of Kingsway Financial Services

Institutional investors and hedge funds have recently bought and sold shares of the stock. Capricorn Fund Managers Ltd bought a new stake in Kingsway Financial Services in the first quarter valued at approximately $18,616,000. Greenhaven Road Investment Management L.P. raised its stake in Kingsway Financial Services by 43.8% in the fourth quarter. Greenhaven Road Investment Management L.P. now owns 1,884,529 shares of the company’s stock valued at $25,347,000 after buying an additional 573,993 shares during the period. Mirabella Financial Services LLP raised its stake in Kingsway Financial Services by 13.2% in the third quarter. Mirabella Financial Services LLP now owns 2,189,905 shares of the company’s stock valued at $32,016,000 after buying an additional 255,319 shares during the period. Waverly Advisors LLC bought a new stake in Kingsway Financial Services in the first quarter valued at approximately $1,304,000. Finally, Vanguard Group Inc. raised its stake in Kingsway Financial Services by 12.5% in the third quarter. Vanguard Group Inc. now owns 948,838 shares of the company’s stock valued at $13,872,000 after buying an additional 105,080 shares during the period. Institutional investors own 72.38% of the company’s stock.

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.