Joshua Horowitz Buys 1,300 Shares of Kingsway Financial Services (NYSE:KWY) Stock

Kingsway Financial Services Inc (NYSE:KWY) Director Joshua Horowitz acquired 1,300 shares of the stock in a transaction that occurred on Tuesday, August 18th. The stock was acquired at an average cost of $9.75 per share, for a total transaction of $12,675.00. Following the completion of the purchase, the director owned 373,300 shares in the company, valued at $3,639,675. The trade was a 0.35% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Joshua Horowitz also recently made the following trade(s):

• On Thursday, August 20th, Joshua Horowitz bought 769 shares of Kingsway Financial Services stock. The shares were acquired at an average price of $9.89 per share, with a total value of $7,605.41.
• On Wednesday, August 19th, Joshua Horowitz bought 7,034 shares of Kingsway Financial Services stock. The shares were acquired at an average price of $9.84 per share, with a total value of $69,214.56.
• On Friday, May 29th, Joshua Horowitz bought 3,800 shares of Kingsway Financial Services stock. The shares were acquired at an average price of $9.91 per share, with a total value of $37,658.00.
• On Thursday, May 28th, Joshua Horowitz purchased 700 shares of Kingsway Financial Services stock. The stock was acquired at an average cost of $9.95 per share, for a total transaction of $6,965.00.

Kingsway Financial Services Stock Up 3.7%

Shares of NYSE KWY opened at $10.40 on Friday. The firm’s 50-day moving average is $9.84 and its two-hundred day moving average is $11.18. The company has a market capitalization of $300.87 million, a PE ratio of -34.67 and a beta of 0.24. Kingsway Financial Services Inc has a 12-month low of $8.41 and a 12-month high of $16.51. The company has a debt-to-equity ratio of 4.39, a current ratio of 1.36 and a quick ratio of 1.36.

Kingsway Financial Services (NYSE:KWY) last issued its quarterly earnings data on Thursday, August 6th. The company reported ($0.03) earnings per share for the quarter. Kingsway Financial Services had a negative return on equity of 61.62% and a negative net margin of 6.69%.The business had revenue of $39.44 million for the quarter.

Institutional Investors Weigh In On Kingsway Financial Services

Several hedge funds have recently modified their holdings of the company. Bank of America Corp DE boosted its stake 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 purchasing an additional 2,923 shares during the last quarter. Waverly Advisors LLC acquired a new position in shares of Kingsway Financial Services in the first quarter valued at approximately $1,304,000. Renaissance Technologies LLC lifted its stake in shares of Kingsway Financial Services by 22.3% during the first quarter. Renaissance Technologies LLC now owns 319,670 shares of the company’s stock valued at $3,334,000 after buying an additional 58,290 shares during the period. Capricorn Fund Managers Ltd purchased a new position in shares of Kingsway Financial Services during the first quarter valued at approximately $18,616,000. Finally, Invesco Ltd. lifted its stake in shares of Kingsway Financial Services by 10.7% during the fourth quarter. Invesco Ltd. now owns 19,839 shares of the company’s stock valued at $267,000 after buying an additional 1,916 shares during the period. 72.38% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings raised Kingsway Financial Services from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Friday, May 29th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Kingsway Financial Services presently has an average rating of “Sell”.

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.