Short Interest in Kingstone Companies, Inc. (NASDAQ:KINS) Grows By 19.4%

Kingstone Companies, Inc. (NASDAQ:KINS) was the recipient of a significant increase in short interest during the month of January. As of January 15th, there was short interest totalling 773,400 shares, an increase of 19.4% from the December 31st total of 647,800 shares. Based on an average trading volume of 300,700 shares, the short-interest ratio is presently 2.6 days. Approximately 8.3% of the shares of the company are sold short.

Analyst Ratings Changes

Separately, StockNews.com downgraded shares of Kingstone Companies from a “buy” rating to a “hold” rating in a report on Wednesday, December 11th.

Kingstone Companies Price Performance

Shares of NASDAQ:KINS traded up $0.39 on Friday, hitting $16.99. The company had a trading volume of 238,151 shares, compared to its average volume of 238,190. The company has a market cap of $209.83 million, a PE ratio of 13.07 and a beta of 0.74. The business has a 50 day moving average of $15.60 and a 200 day moving average of $11.54. Kingstone Companies has a 52-week low of $2.97 and a 52-week high of $18.08. The company has a current ratio of 0.43, a quick ratio of 0.43 and a debt-to-equity ratio of 0.29.

Kingstone Companies (NASDAQ:KINS) last released its earnings results on Tuesday, November 12th. The insurance provider reported $0.50 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.50. The company had revenue of $40.77 million for the quarter, compared to analyst estimates of $41.80 million. Kingstone Companies had a net margin of 10.60% and a return on equity of 32.55%. During the same period in the prior year, the firm earned ($0.27) EPS. As a group, equities analysts anticipate that Kingstone Companies will post 1.4 earnings per share for the current fiscal year.

Insider Activity at Kingstone Companies

In other Kingstone Companies news, Director Carla D’andre bought 4,000 shares of the business’s stock in a transaction dated Friday, November 15th. The shares were acquired at an average cost of $10.98 per share, with a total value of $43,920.00. Following the acquisition, the director now directly owns 4,000 shares of the company’s stock, valued at $43,920. The trade was a ∞ increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director William L. Yankus sold 10,253 shares of the firm’s stock in a transaction on Friday, December 13th. The stock was sold at an average price of $16.18, for a total transaction of $165,893.54. Following the transaction, the director now directly owns 91,834 shares in the company, valued at $1,485,874.12. The trade was a 10.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 12.20% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Kingstone Companies

A number of hedge funds and other institutional investors have recently made changes to their positions in KINS. Barclays PLC purchased a new position in Kingstone Companies during the third quarter worth about $49,000. JPMorgan Chase & Co. increased its stake in shares of Kingstone Companies by 53,684.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 10,219 shares of the insurance provider’s stock valued at $94,000 after acquiring an additional 10,200 shares during the last quarter. Jane Street Group LLC purchased a new position in shares of Kingstone Companies during the 3rd quarter worth about $170,000. Baader Bank Aktiengesellschaft acquired a new stake in shares of Kingstone Companies in the fourth quarter worth approximately $191,000. Finally, State Street Corp grew its holdings in Kingstone Companies by 22.7% in the third quarter. State Street Corp now owns 30,229 shares of the insurance provider’s stock valued at $277,000 after purchasing an additional 5,600 shares during the period. Hedge funds and other institutional investors own 14.91% of the company’s stock.

Kingstone Companies Company Profile

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.