Kingsway Financial Services (NYSE:KFS) Share Price Crosses Above 200 Day Moving Average – Should You Sell?

Kingsway Financial Services Inc. (NYSE:KFS) (TSE:KFS) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $8.40 and traded as high as $8.43. Kingsway Financial Services shares last traded at $8.38, with a volume of 15,477 shares changing hands.

Kingsway Financial Services Trading Down 0.7 %

The stock’s 50-day simple moving average is $8.82 and its 200-day simple moving average is $8.40. The company has a current ratio of 0.41, a quick ratio of 0.41 and a debt-to-equity ratio of 1.20.

Insider Buying and Selling

In other news, Director Joseph Stilwell sold 365,000 shares of the company’s stock in a transaction that occurred on Wednesday, December 18th. The shares were sold at an average price of $8.43, for a total transaction of $3,076,950.00. Following the completion of the sale, the director now owns 593,743 shares of the company’s stock, valued at approximately $5,005,253.49. This represents a 38.07 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders have purchased 1,007 shares of company stock valued at $9,068 over the last 90 days. 54.75% of the stock is owned by corporate insiders.

Institutional Trading of Kingsway Financial Services

Several institutional investors and hedge funds have recently modified their holdings of KFS. Belpointe Asset Management LLC raised its stake in Kingsway Financial Services by 0.9% during the second quarter. Belpointe Asset Management LLC now owns 413,593 shares of the insurance provider’s stock worth $3,408,000 after acquiring an additional 3,644 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Kingsway Financial Services by 2.0% during the 3rd quarter. Geode Capital Management LLC now owns 347,235 shares of the insurance provider’s stock valued at $2,875,000 after purchasing an additional 6,941 shares during the last quarter. Bard Associates Inc. increased its position in Kingsway Financial Services by 0.6% during the 3rd quarter. Bard Associates Inc. now owns 288,113 shares of the insurance provider’s stock worth $2,386,000 after purchasing an additional 1,848 shares in the last quarter. State Street Corp increased its position in Kingsway Financial Services by 4.8% during the 3rd quarter. State Street Corp now owns 151,477 shares of the insurance provider’s stock worth $1,254,000 after purchasing an additional 6,877 shares in the last quarter. Finally, Annandale Capital LLC lifted its stake in Kingsway Financial Services by 2.6% in the 2nd quarter. Annandale Capital LLC now owns 128,200 shares of the insurance provider’s stock valued at $1,056,000 after purchasing an additional 3,200 shares during the last quarter. 72.38% of the stock is currently owned by institutional investors.

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.