Kingstone Companies, Inc. (NASDAQ:KINS) Sees Significant Growth in Short Interest

Kingstone Companies, Inc. (NASDAQ:KINS) saw a significant growth in short interest during the month of February. As of February 15th, there was short interest totalling 332,200 shares, a growth of 27.8% from the January 31st total of 260,000 shares. Based on an average daily trading volume, of 335,900 shares, the short-interest ratio is presently 1.0 days. Approximately 3.5% of the company’s stock are short sold.

Insiders Place Their Bets

In other news, Director William L. Yankus sold 10,253 shares of the business’s stock in a transaction on Friday, December 13th. The shares were sold at an average price of $16.18, for a total value of $165,893.54. Following the completion of the sale, the director now directly owns 91,834 shares in the company, valued at approximately $1,485,874.12. The trade was a 10.04 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 12.20% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. SBI Securities Co. Ltd. acquired a new position in shares of Kingstone Companies in the fourth quarter valued at $26,000. Tower Research Capital LLC TRC grew its holdings in shares of Kingstone Companies by 370.6% in the 4th quarter. Tower Research Capital LLC TRC now owns 2,847 shares of the insurance provider’s stock worth $43,000 after purchasing an additional 2,242 shares during the last quarter. Barclays PLC bought a new stake in shares of Kingstone Companies in the 3rd quarter worth about $49,000. State of Wyoming acquired a new stake in shares of Kingstone Companies during the 4th quarter worth about $103,000. Finally, JPMorgan Chase & Co. lifted its holdings in 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 purchasing an additional 10,200 shares during the last quarter. Institutional investors and hedge funds own 14.91% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com upgraded Kingstone Companies from a “hold” rating to a “buy” rating in a research note on Wednesday, February 26th.

Kingstone Companies Stock Performance

Shares of KINS traded down $0.57 during mid-day trading on Thursday, hitting $15.12. The company’s stock had a trading volume of 202,748 shares, compared to its average volume of 280,812. Kingstone Companies has a one year low of $3.60 and a one year high of $19.18. The stock’s 50-day moving average is $16.08 and its two-hundred day moving average is $13.10. The firm has a market capitalization of $186.72 million, a PE ratio of 11.63 and a beta of 0.71. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.43 and a current ratio of 0.43.

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.