Kingsway Financial Services Inc. (NYSE:KFS) Director Sells $8,000,000.00 in Stock

Kingsway Financial Services Inc. (NYSE:KFS) (TSE:KFS) Director Joseph Stilwell sold 1,000,000 shares of the stock in a transaction dated Wednesday, March 26th. The stock was sold at an average price of $8.00, for a total transaction of $8,000,000.00. Following the sale, the director now owns 498,937 shares of the company’s stock, valued at $3,991,496. This trade represents a 66.71 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

Kingsway Financial Services Price Performance

Shares of NYSE KFS opened at $8.13 on Friday. The stock has a fifty day moving average price of $7.84 and a 200 day moving average price of $8.30. Kingsway Financial Services Inc. has a 1-year low of $7.06 and a 1-year high of $9.58. The company has a quick ratio of 0.41, a current ratio of 0.41 and a debt-to-equity ratio of 1.20.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised Kingsway Financial Services from a “sell” rating to a “hold” rating in a research note on Thursday, March 20th.

Institutional Trading of Kingsway Financial Services

Several hedge funds have recently made changes to their positions in the company. Wells Fargo & Company MN increased its stake in shares of Kingsway Financial Services by 50.0% during the fourth quarter. Wells Fargo & Company MN now owns 5,937 shares of the insurance provider’s stock worth $50,000 after acquiring an additional 1,980 shares during the period. BNP Paribas Financial Markets boosted its holdings in Kingsway Financial Services by 36.4% in 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 stake in Kingsway Financial Services in the 4th quarter valued at approximately $102,000. 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 worth $103,000 after purchasing an additional 3,300 shares during the period. Finally, Townsquare Capital LLC purchased a new position in shares of Kingsway Financial Services during the 4th quarter worth approximately $108,000. Institutional investors and hedge funds 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.