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

Kingsway Financial Services Inc (NYSE:KWY) Director Joshua Horowitz acquired 1,300 shares of the business’s stock in a transaction dated Tuesday, August 18th. The stock was acquired at an average cost of $9.75 per share, with a total value of $12,675.00. Following the purchase, the director directly owned 373,300 shares in the company, valued at $3,639,675. This represents a 0.35% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

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

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

Kingsway Financial Services Stock Up 2.1%

KWY opened at $10.10 on Friday. Kingsway Financial Services Inc has a 12 month low of $8.41 and a 12 month high of $16.51. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 4.39. The business’s 50-day moving average price is $9.84 and its 200-day moving average price is $11.20. The company has a market cap of $292.19 million, a P/E ratio of -33.67 and a beta of 0.24.

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

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 note on Friday, May 29th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock currently has an average rating of “Sell”.

Institutional Investors Weigh In On Kingsway Financial Services

Several institutional investors and hedge funds have recently bought and sold shares of the business. Bank of America Corp DE grew its position in shares of Kingsway Financial Services by 36.5% in the 4th quarter. Bank of America Corp DE now owns 12,334 shares of the company’s stock worth $103,000 after buying an additional 3,300 shares during the last quarter. Goldman Sachs Group Inc. raised its holdings in shares of Kingsway Financial Services by 11.2% during the first quarter. Goldman Sachs Group Inc. now owns 102,386 shares of the company’s stock valued at $811,000 after acquiring an additional 10,350 shares in the last quarter. Jane Street Group LLC bought a new position in shares of Kingsway Financial Services during the first quarter valued at approximately $149,000. Geode Capital Management LLC lifted its stake in Kingsway Financial Services by 20.2% in the second quarter. Geode Capital Management LLC now owns 426,836 shares of the company’s stock worth $5,780,000 after acquiring an additional 71,720 shares during the period. Finally, Legal & General Group Plc lifted its stake in Kingsway Financial Services by 66.2% in the second quarter. Legal & General Group Plc now owns 2,009 shares of the company’s stock worth $27,000 after acquiring an additional 800 shares during the period. Hedge funds and other institutional investors own 72.38% of the company’s stock.

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.