Kingsway Financial Services (NYSE:KFS) Stock Price Crosses Above 200 Day Moving Average – Should You Sell?

Kingsway Financial Services Inc. (NYSE:KFS) (TSE:KFS)’s stock price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $8.40 and traded as high as $8.43. Kingsway Financial Services shares last traded at $8.38, with a volume of 15,477 shares changing hands.

Kingsway Financial Services Price Performance

The business has a 50-day simple moving average of $8.82 and a 200 day simple moving average of $8.41. The company has a current ratio of 0.41, a quick ratio of 0.41 and a debt-to-equity ratio of 1.20.

Insider Buying and Selling

In other Kingsway Financial Services news, Director Joseph Stilwell sold 365,000 shares of the firm’s stock in a transaction dated Wednesday, December 18th. The shares were sold at an average price of $8.43, for a total value of $3,076,950.00. Following the completion of the sale, the director now directly owns 593,743 shares in the company, valued at $5,005,253.49. This trade represents a 38.07 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Insiders acquired 1,007 shares of company stock valued at $9,068 over the last quarter. 54.75% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in KFS. BNP Paribas Financial Markets grew its stake in Kingsway Financial Services by 36.4% in the third quarter. BNP Paribas Financial Markets now owns 6,526 shares of the insurance provider’s stock worth $54,000 after purchasing an additional 1,742 shares during the period. Annandale Capital LLC grew its position in shares of Kingsway Financial Services by 2.6% in the 2nd quarter. Annandale Capital LLC now owns 128,200 shares of the insurance provider’s stock worth $1,056,000 after buying an additional 3,200 shares during the period. Bard Associates Inc. increased its stake in shares of Kingsway Financial Services by 0.6% in the 3rd quarter. Bard Associates Inc. now owns 288,113 shares of the insurance provider’s stock worth $2,386,000 after acquiring an additional 1,848 shares in the last quarter. Belpointe Asset Management LLC lifted its position in Kingsway Financial Services by 0.9% during the 2nd quarter. Belpointe Asset Management LLC now owns 413,593 shares of the insurance provider’s stock valued at $3,408,000 after acquiring an additional 3,644 shares during the period. Finally, Rhumbline Advisers boosted its stake in Kingsway Financial Services by 25.8% during the second quarter. Rhumbline Advisers now owns 12,352 shares of the insurance provider’s stock worth $102,000 after acquiring an additional 2,534 shares in the last quarter. 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.