Kingsway Financial Services Inc. (NYSE:KFS) Short Interest Update

Kingsway Financial Services Inc. (NYSE:KFS) (TSE:KFS) was the target of a significant increase in short interest in the month of January. As of January 15th, there was short interest totalling 425,000 shares, an increase of 6.8% from the December 31st total of 398,000 shares. Currently, 2.1% of the company’s stock are short sold. Based on an average daily volume of 43,900 shares, the days-to-cover ratio is presently 9.7 days.

Kingsway Financial Services Stock Performance

Shares of NYSE:KFS traded down $0.02 during trading on Tuesday, reaching $7.97. 7,217 shares of the stock traded hands, compared to its average volume of 30,977. The stock has a 50-day moving average of $8.33 and a two-hundred day moving average of $8.40. Kingsway Financial Services has a 52-week low of $7.60 and a 52-week high of $9.58. 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 posted its quarterly earnings results on Wednesday, November 6th. The insurance provider reported $0.10 EPS for the quarter. Kingsway Financial Services had a negative net margin of 3.63% and a negative return on equity of 7.83%. The firm had revenue of $27.14 million for the quarter.

Insiders Place Their Bets

In other news, Director Joseph Stilwell sold 25,000 shares of the stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $8.78, for a total transaction of $219,500.00. Following the sale, the director now owns 636,159 shares in the company, valued at $5,585,476.02. This represents a 3.78 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Over the last quarter, insiders have acquired 1,177 shares of company stock worth $10,010. 54.75% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Kingsway Financial Services

A number of institutional investors have recently made changes to their positions in KFS. Private Advisor Group LLC purchased a new stake in Kingsway Financial Services in the fourth quarter worth approximately $102,000. JPMorgan Chase & Co. boosted its holdings in Kingsway Financial Services by 368.2% in the third quarter. JPMorgan Chase & Co. now owns 28,532 shares of the insurance provider’s stock worth $236,000 after purchasing an additional 22,438 shares during the last quarter. Barclays PLC boosted its holdings in Kingsway Financial Services by 325.5% in the third quarter. Barclays PLC now owns 18,269 shares of the insurance provider’s stock worth $150,000 after purchasing an additional 13,975 shares during the last quarter. Geode Capital Management LLC boosted its holdings in Kingsway Financial Services by 2.0% in the third quarter. Geode Capital Management LLC now owns 347,235 shares of the insurance provider’s stock worth $2,875,000 after purchasing an additional 6,941 shares during the last quarter. Finally, State Street Corp boosted its holdings in Kingsway Financial Services by 4.8% in the third quarter. State Street Corp now owns 151,477 shares of the insurance provider’s stock worth $1,254,000 after purchasing an additional 6,877 shares during the last quarter. Hedge funds and other institutional investors own 72.38% of the company’s stock.

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.