Kingstone Companies, Inc. (NASDAQ:KINS) Short Interest Down 62.9% in January

Kingstone Companies, Inc. (NASDAQ:KINS) was the target of a large decline in short interest during the month of January. As of January 31st, there was short interest totalling 260,000 shares, a decline of 62.9% from the January 15th total of 700,400 shares. Currently, 2.8% of the shares of the company are short sold. Based on an average daily volume of 338,200 shares, the short-interest ratio is currently 0.8 days.

Kingstone Companies Stock Down 1.7 %

KINS opened at $17.03 on Thursday. The business has a 50 day moving average price of $15.86 and a two-hundred day moving average price of $12.16. The company has a quick ratio of 0.43, a current ratio of 0.43 and a debt-to-equity ratio of 0.29. The company has a market cap of $210.32 million, a PE ratio of 13.10 and a beta of 0.74. Kingstone Companies has a 52 week low of $2.97 and a 52 week high of $18.93.

Kingstone Companies (NASDAQ:KINS) last posted its quarterly earnings data on Tuesday, November 12th. The insurance provider reported $0.50 EPS for the quarter, meeting the consensus estimate of $0.50. The firm had revenue of $40.77 million during the quarter, compared to the consensus estimate of $41.80 million. Kingstone Companies had a return on equity of 32.55% and a net margin of 10.60%. During the same period in the prior year, the business earned ($0.27) EPS. As a group, research analysts anticipate that Kingstone Companies will post 1.4 EPS for the current year.

Analysts Set New Price Targets

Separately, StockNews.com downgraded Kingstone Companies from a “buy” rating to a “hold” rating in a research note on Wednesday, December 11th.

Insider Activity

In other news, Director Carla D’andre bought 4,000 shares of Kingstone Companies stock in a transaction dated Friday, November 15th. The stock was acquired at an average cost of $10.98 per share, with a total value of $43,920.00. Following the acquisition, the director now owns 4,000 shares of the company’s stock, valued at approximately $43,920. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director William L. Yankus sold 10,253 shares of the business’s stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $16.18, for a total value of $165,893.54. Following the completion of the sale, the director now directly owns 91,834 shares of the company’s stock, valued at $1,485,874.12. The trade was a 10.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 12.20% of the company’s stock.

Hedge Funds Weigh In On Kingstone Companies

Several institutional investors and hedge funds have recently added to or reduced their stakes in KINS. Angel Oak Capital Advisors LLC acquired a new position in Kingstone Companies during the 4th quarter worth approximately $3,704,000. Philadelphia Financial Management of San Francisco LLC acquired a new position in Kingstone Companies during the 3rd quarter worth approximately $1,658,000. Raymond James Financial Inc. acquired a new position in Kingstone Companies during the 4th quarter worth approximately $2,371,000. Evernest Financial Advisors LLC acquired a new position in Kingstone Companies during the 3rd quarter worth approximately $1,184,000. Finally, LPL Financial LLC acquired a new position in Kingstone Companies during the 4th quarter worth approximately $1,105,000. Institutional investors and hedge funds own 14.91% of the company’s stock.

About Kingstone Companies

Kingstone Companies, Inc, through its subsidiary, provides property and casualty insurance products to individuals in the United States. It offers personal line of insurance products, such as homeowners and dwelling fire, cooperative/condominiums, renters, and personal umbrella policies. The company also provides for-hire vehicle physical damage only policies for livery and car service vehicles and taxicabs; and canine legal liability policies.