Kingstone Companies, Inc. (NASDAQ:KINS) Short Interest Update

Kingstone Companies, Inc. (NASDAQ:KINS) saw a significant decrease in short interest in the month of October. As of October 31st, there was short interest totalling 127,700 shares, a decrease of 9.1% from the October 15th total of 140,500 shares. Based on an average daily trading volume, of 192,300 shares, the short-interest ratio is currently 0.7 days. Currently, 1.5% of the company’s shares are sold short.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded shares of Kingstone Companies from a “buy” rating to a “hold” rating in a research report on Tuesday, November 12th.

Hedge Funds Weigh In On Kingstone Companies

Several institutional investors have recently modified their holdings of the business. Philadelphia Financial Management of San Francisco LLC purchased a new position in Kingstone Companies in the third quarter worth $1,658,000. Evernest Financial Advisors LLC bought a new position in Kingstone Companies during the third quarter valued at about $1,184,000. Wolverine Trading LLC purchased a new stake in Kingstone Companies during the third quarter worth about $304,000. XTX Topco Ltd purchased a new position in Kingstone Companies in the third quarter valued at about $290,000. Finally, Renaissance Technologies LLC grew its position in shares of Kingstone Companies by 5.5% during the 2nd quarter. Renaissance Technologies LLC now owns 369,389 shares of the insurance provider’s stock valued at $1,847,000 after acquiring an additional 19,201 shares during the period. 14.91% of the stock is owned by institutional investors.

Kingstone Companies Stock Up 17.4 %

Shares of NASDAQ KINS traded up $1.90 during trading on Monday, hitting $12.85. 952,470 shares of the company traded hands, compared to its average volume of 86,205. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.37 and a current ratio of 0.37. Kingstone Companies has a fifty-two week low of $1.95 and a fifty-two week high of $13.45. The business’s fifty day moving average is $9.83 and its 200 day moving average is $7.40. The firm has a market capitalization of $142.12 million, a price-to-earnings ratio of 9.88 and a beta of 0.55.

Kingstone Companies (NASDAQ:KINS) last announced its quarterly earnings results on Tuesday, November 12th. The insurance provider reported $0.50 earnings per share for the quarter, meeting the consensus estimate of $0.50. Kingstone Companies had a net margin of 10.60% and a return on equity of 37.53%. The business had revenue of $40.77 million for the quarter, compared to analysts’ expectations of $41.80 million. During the same quarter last year, the firm earned ($0.27) EPS. Equities research analysts predict that Kingstone Companies will post 1.36 earnings per share for the current fiscal year.

About Kingstone Companies

Kingstone Companies, Inc, through its subsidiary, provides property and casualty insurance products to individuals in the United States. It offers personal line of insurance products, such as homeowners and dwelling fire, cooperative/condominiums, renters, and personal umbrella policies. The company also provides for-hire vehicle physical damage only policies for livery and car service vehicles and taxicabs; and canine legal liability policies.