Kingsway Financial Services (NYSE:KFS) Stock Price Crosses Above 200 Day Moving Average – Should You Sell?

Kingsway Financial Services, Inc. (NYSE:KFS) (TSE:KFS)’s share price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $9.37 and traded as high as $16.62. Kingsway Financial Services shares last traded at $15.98, with a volume of 103,710 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen downgraded shares of Kingsway Financial Services from a “hold” rating to a “sell” rating in a report on Wednesday, May 21st.

Kingsway Financial Services Stock Performance

The business has a 50-day moving average of $12.02 and a two-hundred day moving average of $9.37. The company has a current ratio of 0.41, a quick ratio of 0.41 and a debt-to-equity ratio of 1.85.

Kingsway Financial Services (NYSE:KFS) (TSE:KFS) last announced its quarterly earnings results on Thursday, May 8th. The insurance provider reported ($0.13) EPS for the quarter. Kingsway Financial Services had a negative net margin of 3.92% and a negative return on equity of 37.05%.

Insider Buying and Selling

In other Kingsway Financial Services news, Director Joseph Stilwell sold 32,978 shares of the business’s stock in a transaction that occurred on Monday, June 30th. The shares were sold at an average price of $13.90, for a total transaction of $458,394.20. Following the sale, the director directly owned 481,817 shares of the company’s stock, valued at $6,697,256.30. The trade was a 6.41% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 53.83% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Kingsway Financial Services

Large investors have recently modified their holdings of the business. Private Advisor Group LLC grew its stake in shares of Kingsway Financial Services by 9.5% in the first quarter. Private Advisor Group LLC now owns 13,362 shares of the insurance provider’s stock worth $106,000 after purchasing an additional 1,154 shares during the last quarter. Greenhaven Road Investment Management L.P. lifted its holdings in Kingsway Financial Services by 0.3% during the 4th quarter. Greenhaven Road Investment Management L.P. now owns 511,060 shares of the insurance provider’s stock worth $4,278,000 after buying an additional 1,769 shares during the period. Barclays PLC lifted its stake in shares of Kingsway Financial Services by 10.2% in the fourth quarter. Barclays PLC now owns 20,126 shares of the insurance provider’s stock worth $169,000 after acquiring an additional 1,857 shares during the period. Wells Fargo & Company MN boosted its holdings in Kingsway Financial Services by 50.0% in the fourth quarter. Wells Fargo & Company MN now owns 5,937 shares of the insurance provider’s stock valued at $50,000 after acquiring an additional 1,980 shares during the last quarter. Finally, Bank of America Corp DE increased its position in 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 during the period. Institutional investors own 72.38% of the company’s stock.

About Kingsway Financial Services

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.