Kingstone Companies, Inc. (NASDAQ:KINS) Short Interest Down 6.3% in February

Kingstone Companies, Inc. (NASDAQ:KINS – Get Rating) saw a large drop in short interest during the month of February. As of February 28th, there was short interest totalling 16,500 shares, a drop of 6.3% from the February 13th total of 17,600 shares. Based on an average daily volume of 39,600 shares, the short-interest ratio is presently 0.4 days. Currently, 0.2% of the shares of the company are sold short.

Kingstone Companies Price Performance

NASDAQ KINS opened at $1.15 on Wednesday. The company has a quick ratio of 0.45, a current ratio of 0.45 and a debt-to-equity ratio of 0.77. The company has a market cap of $12.24 million, a PE ratio of -0.74 and a beta of 0.47. Kingstone Companies has a 52 week low of $0.69 and a 52 week high of $5.44. The firm’s 50-day simple moving average is $1.53 and its two-hundred day simple moving average is $1.94.

Wall Street Analysts Forecast Growth

Separately, Piper Sandler lowered Kingstone Companies from an “overweight” rating to a “neutral” rating and reduced their price objective for the company from $2.45 to $1.60 in a report on Monday, February 13th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the business. Millennium Management LLC bought a new position in shares of Kingstone Companies in the fourth quarter worth $122,000. Salzhauer Michael lifted its holdings in Kingstone Companies by 47.4% during the 4th quarter. Salzhauer Michael now owns 150,178 shares of the insurance provider’s stock worth $203,000 after purchasing an additional 48,312 shares in the last quarter. Family Management Corp purchased a new position in Kingstone Companies during the 3rd quarter valued at about $27,000. New England Asset Management Inc. bought a new stake in shares of Kingstone Companies during the third quarter valued at about $398,000. Finally, Advisor Group Holdings Inc. lifted its holdings in shares of Kingstone Companies by 11.7% in the first quarter. Advisor Group Holdings Inc. now owns 63,661 shares of the insurance provider’s stock worth $339,000 after buying an additional 6,679 shares in the last quarter. 46.13% of the stock is owned by institutional investors.

Kingstone Companies Company Profile

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Kingstone Cos., Inc operates as a holding company, which engages in the provision of property and casualty insurance policies to individuals and small businesses through its subsidiary. Its writing business are carried through independent retail and wholesale agents and brokers. The company was founded in 1886 and is headquartered in Kingston, NY.