Kingsway Financial Services (NYSE:KWY) Director Joshua Horowitz Purchases 7,034 Shares of Stock

Kingsway Financial Services Inc (NYSE:KWY) Director Joshua Horowitz acquired 7,034 shares of Kingsway Financial Services stock in a transaction that occurred on Wednesday, August 19th. The shares were bought at an average cost of $9.84 per share, with a total value of $69,214.56. Following the transaction, the director owned 380,334 shares in the company, valued at $3,742,486.56. This represents a 1.88% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available 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 bought at an average cost of $9.89 per share, for a total transaction of $7,605.41.
• On Tuesday, August 18th, Joshua Horowitz purchased 1,300 shares of Kingsway Financial Services stock. The shares were bought at an average price of $9.75 per share, with a total value of $12,675.00.
• On Friday, May 29th, Joshua Horowitz purchased 3,800 shares of Kingsway Financial Services stock. The stock was purchased at an average price of $9.91 per share, for a total transaction of $37,658.00.
• On Thursday, May 28th, Joshua Horowitz acquired 700 shares of Kingsway Financial Services stock. The shares were purchased at an average price of $9.95 per share, with a total value of $6,965.00.

Kingsway Financial Services Trading Up 2.1%

NYSE:KWY opened at $10.10 on Friday. Kingsway Financial Services Inc has a 52 week low of $8.41 and a 52 week high of $16.51. The company’s 50 day moving average price is $9.84 and its 200-day moving average price is $11.20. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 4.39. The stock has a market cap of $292.19 million, a price-to-earnings ratio of -33.67 and a beta of 0.24.

Kingsway Financial Services (NYSE:KWY) last issued its quarterly earnings data 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 Analyst Weigh In

Separately, Weiss Ratings raised shares of Kingsway Financial Services from a “sell (e+)” rating to a “sell (d-)” rating in a report on Friday, May 29th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Kingsway Financial Services has a consensus rating of “Sell”.

Hedge Funds Weigh In On Kingsway Financial Services

A number of large investors have recently bought and sold shares of KWY. Legal & General Group Plc increased its stake in Kingsway Financial Services by 66.2% in the 2nd quarter. Legal & General Group Plc now owns 2,009 shares of the company’s stock worth $27,000 after buying an additional 800 shares during the period. Tower Research Capital LLC TRC raised its holdings in shares of Kingsway Financial Services by 220.9% in the second quarter. Tower Research Capital LLC TRC now owns 3,809 shares of the company’s stock valued at $52,000 after acquiring an additional 2,622 shares in the last quarter. BNP Paribas Financial Markets lifted its position in shares of Kingsway Financial Services by 143.7% in the 3rd quarter. BNP Paribas Financial Markets now owns 4,141 shares of the company’s stock worth $61,000 after purchasing an additional 2,442 shares during the period. Osaic Holdings Inc. boosted its position in Kingsway Financial Services by 17.2% during the 2nd quarter. Osaic Holdings Inc. now owns 6,925 shares of the company’s stock valued at $94,000 after acquiring an additional 1,015 shares in the last quarter. Finally, Bank of America Corp DE grew its stake in Kingsway Financial Services by 36.5% in the fourth quarter. Bank of America Corp DE now owns 12,334 shares of the company’s stock valued at $103,000 after purchasing an additional 3,300 shares during the last quarter. Hedge funds and other institutional investors own 72.38% of the company’s stock.

Kingsway Financial Services Company Profile

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.