Kingsway Financial Services (NYSE:KFS) Upgraded to “Hold” at StockNews.com

StockNews.com upgraded shares of Kingsway Financial Services (NYSE:KFS) (TSE:KFS) from a sell rating to a hold rating in a report issued on Thursday.

Kingsway Financial Services Stock Up 6.1 %

KFS opened at $7.86 on Thursday. Kingsway Financial Services has a 12-month low of $7.06 and a 12-month high of $9.58. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.41 and a quick ratio of 0.41. The firm has a 50 day moving average of $7.86 and a two-hundred day moving average of $8.31.

Hedge Funds Weigh In On Kingsway Financial Services

Several institutional investors have recently made changes to their positions in KFS. Wells Fargo & Company MN increased its holdings in shares of Kingsway Financial Services by 50.0% during the 4th quarter. Wells Fargo & Company MN now owns 5,937 shares of the insurance provider’s stock valued at $50,000 after purchasing an additional 1,980 shares in the last quarter. BNP Paribas Financial Markets increased its holdings in shares of Kingsway Financial Services by 36.4% during the 3rd quarter. BNP Paribas Financial Markets now owns 6,526 shares of the insurance provider’s stock valued at $54,000 after purchasing an additional 1,742 shares in the last quarter. Private Advisor Group LLC purchased a new position in shares of Kingsway Financial Services during the 4th quarter valued at approximately $102,000. Bank of America Corp DE increased its holdings in shares of Kingsway Financial Services by 36.5% during the 4th quarter. Bank of America Corp DE now owns 12,334 shares of the insurance provider’s stock valued at $103,000 after purchasing an additional 3,300 shares in the last quarter. Finally, Townsquare Capital LLC purchased a new position in shares of Kingsway Financial Services during the 4th quarter valued at approximately $108,000. 72.38% of the stock is owned by hedge funds and other institutional investors.

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.