Kingsway Financial Services (NYSE:KFS) Stock Passes Above 200-Day Moving Average – What’s Next?

Kingsway Financial Services Inc. (NYSE:KFS) (TSE:KFS) shares passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $8.38 and traded as high as $8.46. Kingsway Financial Services shares last traded at $8.39, with a volume of 240,718 shares trading hands.

Kingsway Financial Services Stock Performance

The stock’s fifty day moving average price is $8.89 and its 200 day moving average price is $8.38. The company has a quick ratio of 0.41, a current ratio of 0.41 and a debt-to-equity ratio of 1.20.

Insiders Place Their Bets

In related news, Director Joseph Stilwell sold 25,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $8.78, for a total value of $219,500.00. Following the completion of the sale, the director now owns 636,159 shares in the company, valued at $5,585,476.02. The trade was a 3.78 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Insiders bought a total of 1,007 shares of company stock valued at $9,068 over the last 90 days. Insiders own 54.75% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the business. DHK Financial Advisors Inc. bought a new position in shares of Kingsway Financial Services during the 2nd quarter valued at $303,000. Barclays PLC grew its stake in shares of Kingsway Financial Services by 325.5% during the third quarter. Barclays PLC now owns 18,269 shares of the insurance provider’s stock valued at $150,000 after buying an additional 13,975 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of Kingsway Financial Services by 2.0% in the third quarter. Geode Capital Management LLC now owns 347,235 shares of the insurance provider’s stock worth $2,875,000 after buying an additional 6,941 shares during the period. State Street Corp lifted its stake in shares of Kingsway Financial Services by 4.8% in the 3rd quarter. State Street Corp now owns 151,477 shares of the insurance provider’s stock valued at $1,254,000 after acquiring an additional 6,877 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its stake in shares of Kingsway Financial Services by 21.9% in the 2nd quarter. Bank of New York Mellon Corp now owns 37,793 shares of the insurance provider’s stock valued at $311,000 after acquiring an additional 6,778 shares during the last quarter. 72.38% of the stock is owned by hedge funds and other institutional investors.

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.