Kingsway Financial Services (NYSE:KFS) Shares Pass Above 200-Day Moving Average of $8.11

Shares of 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 $8.11 and traded as high as $8.74. Kingsway Financial Services shares last traded at $8.63, with a volume of 43,146 shares traded.

Kingsway Financial Services Trading Up 2.4 %

The company has a debt-to-equity ratio of 0.55, a current ratio of 0.58 and a quick ratio of 0.58. The stock has a 50-day moving average of $8.57 and a 200-day moving average of $8.12.

Insider Buying and Selling

In related news, Director Joseph Stilwell sold 7,300 shares of the stock in a transaction on Monday, March 11th. The stock was sold at an average price of $8.76, for a total value of $63,948.00. Following the sale, the director now owns 648,797 shares in the company, valued at $5,683,461.72. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Over the last quarter, insiders have acquired 1,910 shares of company stock worth $16,254. Corporate insiders own 56.40% of the company’s stock.

Institutional Investors Weigh In On Kingsway Financial Services

A number of institutional investors and hedge funds have recently made changes to their positions in KFS. California State Teachers Retirement System purchased a new stake in shares of Kingsway Financial Services in the second quarter worth $29,000. Citigroup Inc. purchased a new stake in Kingsway Financial Services during the fourth quarter valued at about $34,000. Wells Fargo & Company MN raised its position in Kingsway Financial Services by 4,215.4% during the second quarter. Wells Fargo & Company MN now owns 4,488 shares of the insurance provider’s stock valued at $37,000 after purchasing an additional 4,384 shares in the last quarter. BNP Paribas Arbitrage SNC purchased a new stake in Kingsway Financial Services during the second quarter valued at about $38,000. Finally, Barclays PLC purchased a new stake in Kingsway Financial Services during the first quarter valued at about $64,000. Hedge funds and other institutional investors own 72.38% of the company’s stock.

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.