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

Kingsway Financial Services Inc. (NYSE:KFS) (TSE:KFS)’s share price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $8.38 and traded as high as $8.46. Kingsway Financial Services shares last traded at $8.39, with a volume of 240,718 shares.

Kingsway Financial Services Trading Up 1.1 %

The firm’s 50 day moving average is $8.89 and its 200 day moving average is $8.38. The company has a quick ratio of 0.41, a current ratio of 0.41 and a debt-to-equity ratio of 1.20.

Insider Buying and Selling at Kingsway Financial Services

In related news, Director Joseph Stilwell sold 25,000 shares of Kingsway Financial Services stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $8.78, for a total value of $219,500.00. Following the sale, the director now owns 636,159 shares in the company, valued at $5,585,476.02. The trade was a 3.78 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Over the last quarter, insiders have bought 1,007 shares of company stock worth $9,068. 54.75% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Kingsway Financial Services

A number of large investors have recently modified their holdings of the stock. BNP Paribas Financial Markets lifted its holdings 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 buying an additional 1,742 shares during the period. Rhumbline Advisers raised its position in shares of Kingsway Financial Services by 25.8% in the 2nd 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. Barclays PLC lifted its stake in shares of Kingsway Financial Services by 325.5% in the 3rd quarter. Barclays PLC now owns 18,269 shares of the insurance provider’s stock valued at $150,000 after purchasing an additional 13,975 shares during the period. DHK Financial Advisors Inc. bought a new stake in shares of Kingsway Financial Services during the second quarter valued at approximately $303,000. Finally, Bank of New York Mellon Corp grew its stake in Kingsway Financial Services by 21.9% in the second quarter. Bank of New York Mellon Corp now owns 37,793 shares of the insurance provider’s stock worth $311,000 after purchasing an additional 6,778 shares during the period. 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.