36,803 Shares in Kingsway Financial Services Inc. (NYSE:KFS) Bought by DHK Financial Advisors Inc.

DHK Financial Advisors Inc. bought a new stake in shares of Kingsway Financial Services Inc. (NYSE:KFS) (TSE:KFS) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 36,803 shares of the insurance provider’s stock, valued at approximately $303,000. DHK Financial Advisors Inc. owned approximately 0.13% of Kingsway Financial Services at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of KFS. BNP Paribas Financial Markets lifted its position in shares of Kingsway Financial Services by 193.0% during the first quarter. BNP Paribas Financial Markets now owns 9,679 shares of the insurance provider’s stock valued at $81,000 after purchasing an additional 6,376 shares in the last quarter. Rhumbline Advisers grew its position in shares of Kingsway Financial Services by 25.8% in the second quarter. Rhumbline Advisers now owns 12,352 shares of the insurance provider’s stock valued at $102,000 after purchasing an additional 2,534 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of 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 buying an additional 6,778 shares in the last quarter. Swedbank AB bought a new position in shares of Kingsway Financial Services in the first quarter worth $2,085,000. Finally, Greenhaven Road Investment Management L.P. boosted its position in shares of Kingsway Financial Services by 26.2% during the 4th quarter. Greenhaven Road Investment Management L.P. now owns 403,395 shares of the insurance provider’s stock valued at $3,388,000 after acquiring an additional 83,641 shares during the last quarter. 72.38% of the stock is owned by institutional investors.

Kingsway Financial Services Stock Up 1.5 %

Shares of NYSE KFS opened at $7.90 on Tuesday. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.55 and a current ratio of 0.55. Kingsway Financial Services Inc. has a 12 month low of $6.25 and a 12 month high of $9.48. The firm has a fifty day simple moving average of $8.13 and a two-hundred day simple moving average of $8.28.

Kingsway Financial Services (NYSE:KFS) (TSE:KFS) last posted its quarterly earnings data on Tuesday, August 6th. The insurance provider reported ($0.09) earnings per share for the quarter. The company had revenue of $26.45 million for the quarter. Kingsway Financial Services had a negative net margin of 7.45% and a negative return on equity of 24.54%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut shares of Kingsway Financial Services from a “hold” rating to a “sell” rating in a research report on Friday, June 14th.

Insider Buying and Selling at Kingsway Financial Services

In other news, Director Joseph Stilwell sold 100,000 shares of Kingsway Financial Services stock in a transaction on Friday, June 28th. The shares were sold at an average price of $8.13, for a total transaction of $813,000.00. Following the transaction, the director now owns 640,108 shares in the company, valued at approximately $5,204,078.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In the last 90 days, insiders have purchased 1,439 shares of company stock worth $12,190. Company insiders own 54.75% of the company’s stock.

Kingsway Financial Services 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.