Kingsway Financial Services (NYSE:KFS) CEO Sells $399,600.00 in Stock

Kingsway Financial Services, Inc. (NYSE:KFS) (TSE:KFS) CEO John Taylor Maloney Fitzgerald sold 30,000 shares of the business’s stock in a transaction that occurred on Tuesday, December 23rd. The stock was sold at an average price of $13.32, for a total value of $399,600.00. Following the completion of the sale, the chief executive officer directly owned 1,459,534 shares in the company, valued at approximately $19,440,992.88. This represents a 2.01% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

John Taylor Maloney Fitzgerald also recently made the following trade(s):

• On Tuesday, December 16th, John Taylor Maloney Fitzgerald bought 195 shares of Kingsway Financial Services stock. The stock was bought at an average cost of $12.82 per share, for a total transaction of $2,499.90.
• On Friday, November 28th, John Taylor Maloney Fitzgerald purchased 192 shares of Kingsway Financial Services stock. The shares were bought at an average price of $13.03 per share, with a total value of $2,501.76.
• On Thursday, October 30th, John Taylor Maloney Fitzgerald purchased 177 shares of Kingsway Financial Services stock. The stock was bought at an average cost of $14.08 per share, with a total value of $2,492.16.
• On Wednesday, October 15th, John Taylor Maloney Fitzgerald acquired 157 shares of Kingsway Financial Services stock. The shares were purchased at an average price of $15.92 per share, with a total value of $2,499.44.
• On Tuesday, September 30th, John Taylor Maloney Fitzgerald bought 171 shares of Kingsway Financial Services stock. The stock was acquired at an average cost of $14.63 per share, with a total value of $2,501.73.

Kingsway Financial Services Stock Performance

Shares of KFS stock traded down $0.29 during trading hours on Monday, reaching $13.61. The company had a trading volume of 68,861 shares, compared to its average volume of 64,211. The firm has a market cap of $394.15 million, a PE ratio of -37.81 and a beta of 0.32. The business has a fifty day moving average price of $13.33 and a 200-day moving average price of $13.99. Kingsway Financial Services, Inc. has a one year low of $7.06 and a one year high of $16.80. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.39 and a current ratio of 0.39.

Kingsway Financial Services (NYSE:KFS) (TSE:KFS) last announced its earnings results on Thursday, November 6th. The insurance provider reported ($0.10) earnings per share for the quarter. Kingsway Financial Services had a negative net margin of 8.55% and a negative return on equity of 76.94%.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Kingsway Financial Services in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, Kingsway Financial Services currently has an average rating of “Sell”.

Hedge Funds Weigh In On Kingsway Financial Services

A number of hedge funds have recently made changes to their positions in the business. Greenhaven Road Investment Management L.P. raised its stake in Kingsway Financial Services by 73.4% during the 2nd quarter. Greenhaven Road Investment Management L.P. now owns 1,310,536 shares of the insurance provider’s stock valued at $17,745,000 after purchasing an additional 554,891 shares during the period. Mirabella Financial Services LLP grew its holdings in Kingsway Financial Services by 13.2% during the 3rd quarter. Mirabella Financial Services LLP now owns 2,189,905 shares of the insurance provider’s stock valued at $32,016,000 after buying an additional 255,319 shares in the last quarter. Vanguard Group Inc. lifted its holdings in shares of Kingsway Financial Services by 12.5% in the third quarter. Vanguard Group Inc. now owns 948,838 shares of the insurance provider’s stock worth $13,872,000 after buying an additional 105,080 shares in the last quarter. 1060 Capital LLC bought a new position in shares of Kingsway Financial Services during the second quarter worth $1,021,000. Finally, Geode Capital Management LLC boosted its holdings in shares of Kingsway Financial Services by 20.2% during the 2nd quarter. Geode Capital Management LLC now owns 426,836 shares of the insurance provider’s stock valued at $5,780,000 after purchasing an additional 71,720 shares during the last quarter. Institutional investors own 72.38% of the company’s stock.

Kingsway Financial Services Company Profile

Kingsway Financial Services, Inc (NYSE: KFS) is a specialty finance company focused on the acquisition, origination and servicing of residential mortgage loans and related assets in the United States. Through strategic portfolio purchases and direct origination channels, Kingsway builds a diversified mix of mortgage assets, including prime, non-QM and other specialty loan products.

The company’s principal activities include investing in and managing mortgage servicing rights (MSRs), holding mortgage loans for investment, and acquiring residential mortgage-backed securities (RMBS).