DHK Financial Advisors Inc. Takes $303,000 Position in Kingsway Financial Services Inc. (NYSE:KFS)

DHK Financial Advisors Inc. purchased a new position in shares of Kingsway Financial Services Inc. (NYSE:KFS) (TSE:KFS) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 36,803 shares of the insurance provider’s stock, valued at approximately $303,000.

Several other large investors have also modified their holdings of KFS. Wasatch Advisors LP increased its position in shares of Kingsway Financial Services by 14.6% during the fourth quarter. Wasatch Advisors LP now owns 828,552 shares of the insurance provider’s stock worth $6,960,000 after purchasing an additional 105,751 shares in the last quarter. Greenhaven Road Investment Management L.P. increased its holdings in shares of Kingsway Financial Services by 26.2% during the fourth 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 in the last quarter. BNP Paribas Financial Markets raised its position in shares of Kingsway Financial Services by 193.0% in the 1st 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 during the last quarter. Vanguard Group Inc. grew its position in Kingsway Financial Services by 3.2% during the 1st quarter. Vanguard Group Inc. now owns 487,353 shares of the insurance provider’s stock worth $4,065,000 after purchasing an additional 14,981 shares during the last quarter. Finally, Swedbank AB acquired a new position in Kingsway Financial Services during the 1st quarter valued at approximately $2,085,000. Institutional investors own 72.38% of the company’s stock.

Kingsway Financial Services Price Performance

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 52-week low of $6.25 and a 52-week high of $9.48. The business has a 50-day moving average price of $8.13 and a 200-day moving average price of $8.28.

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

Insider Activity at Kingsway Financial Services

In other Kingsway Financial Services 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 value of $813,000.00. Following the completion of the transaction, the director now owns 640,108 shares of the company’s stock, valued at $5,204,078.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders bought a total of 1,439 shares of company stock worth $12,190 in the last three months. Company insiders own 54.75% of the company’s stock.

Analyst Upgrades and Downgrades

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

About Kingsway Financial Services

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.