Kingsway Financial Services (NYSE:KFS) Share Price Crosses Above 200-Day Moving Average – Here’s What Happened

Kingsway Financial Services Inc. (NYSE:KFS) (TSE:KFS)’s stock price crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $8.31 and traded as high as $9.39. Kingsway Financial Services shares last traded at $8.93, with a volume of 44,104 shares traded.

Kingsway Financial Services Price Performance

The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.41 and a current ratio of 0.41. The company’s 50 day moving average is $8.56 and its two-hundred day moving average is $8.32.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of KFS. Vanguard Group Inc. lifted its position in Kingsway Financial Services by 3.2% during the first quarter. Vanguard Group Inc. now owns 487,353 shares of the insurance provider’s stock valued at $4,065,000 after purchasing an additional 14,981 shares during the last quarter. Belpointe Asset Management LLC grew its position in Kingsway Financial Services by 0.9% in the second quarter. Belpointe Asset Management LLC now owns 413,593 shares of the insurance provider’s stock worth $3,408,000 after acquiring an additional 3,644 shares in the last quarter. Bard Associates Inc. increased its stake in Kingsway Financial Services by 0.6% during the third 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 during the last quarter. Swedbank AB purchased a new stake in Kingsway Financial Services during the first quarter valued at approximately $2,085,000. Finally, Annandale Capital LLC lifted its stake 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 valued at $1,056,000 after purchasing an additional 3,200 shares during the last quarter. 72.38% of the stock is currently owned by institutional investors.

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.