SBI Securities Co. Ltd. Buys Shares of 1,701 Kingstone Companies, Inc. (NASDAQ:KINS)

SBI Securities Co. Ltd. purchased a new position in shares of Kingstone Companies, Inc. (NASDAQ:KINS) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 1,701 shares of the insurance provider’s stock, valued at approximately $26,000.

Other hedge funds have also made changes to their positions in the company. Bank of New York Mellon Corp purchased a new position in Kingstone Companies in the fourth quarter valued at approximately $428,000. New York State Common Retirement Fund acquired a new stake in shares of Kingstone Companies during the fourth quarter worth $349,000. Angel Oak Capital Advisors LLC acquired a new stake in Kingstone Companies in the fourth quarter valued at $3,704,000. Baader Bank Aktiengesellschaft acquired a new stake in Kingstone Companies in the fourth quarter valued at $191,000. Finally, Ritholtz Wealth Management increased its position in shares of Kingstone Companies by 138.6% in the fourth quarter. Ritholtz Wealth Management now owns 39,663 shares of the insurance provider’s stock valued at $602,000 after buying an additional 23,040 shares in the last quarter. Institutional investors and hedge funds own 14.91% of the company’s stock.

Kingstone Companies Trading Down 4.2 %

Kingstone Companies stock opened at $13.67 on Friday. The stock has a market cap of $168.81 million, a PE ratio of 10.52 and a beta of 0.71. The stock has a 50-day moving average price of $15.96 and a 200 day moving average price of $13.25. Kingstone Companies, Inc. has a 52 week low of $3.72 and a 52 week high of $19.18. The company has a current ratio of 0.43, a quick ratio of 0.43 and a debt-to-equity ratio of 0.29.

Analyst Ratings Changes

Separately, StockNews.com upgraded Kingstone Companies from a “hold” rating to a “buy” rating in a research report on Wednesday.

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.