John Taylor Maloney Fitzgerald Sells 5,000 Shares of Kingsway Financial Services (NYSE:KWY) Stock

Kingsway Financial Services Inc (NYSE:KWY) CEO John Taylor Maloney Fitzgerald sold 5,000 shares of Kingsway Financial Services stock in a transaction that occurred on Thursday, May 21st. The stock was sold at an average price of $10.13, for a total value of $50,650.00. Following the transaction, the chief executive officer owned 29,100 shares of the company’s stock, valued at $294,783. This represents a 14.66% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

John Taylor Maloney Fitzgerald also recently made the following trade(s):

• On Tuesday, May 19th, John Taylor Maloney Fitzgerald sold 5,000 shares of Kingsway Financial Services stock. The stock was sold at an average price of $10.30, for a total value of $51,500.00.
• On Thursday, April 30th, John Taylor Maloney Fitzgerald bought 229 shares of Kingsway Financial Services stock. The shares were acquired at an average price of $10.93 per share, with a total value of $2,502.97.
• On Wednesday, April 15th, John Taylor Maloney Fitzgerald bought 211 shares of Kingsway Financial Services stock. The shares were acquired at an average price of $11.85 per share, with a total value of $2,500.35.
• On Friday, March 13th, John Taylor Maloney Fitzgerald bought 234 shares of Kingsway Financial Services stock. The shares were acquired at an average price of $10.71 per share, with a total value of $2,506.14.
• On Friday, February 27th, John Taylor Maloney Fitzgerald bought 202 shares of Kingsway Financial Services stock. The shares were acquired at an average price of $12.34 per share, with a total value of $2,492.68.

Kingsway Financial Services Stock Performance

NYSE:KWY opened at $10.06 on Friday. The stock has a market cap of $291.24 million, a P/E ratio of -25.15 and a beta of 0.27. The stock has a 50 day simple moving average of $10.96 and a 200 day simple moving average of $12.87. The company has a current ratio of 1.62, a quick ratio of 1.62 and a debt-to-equity ratio of 3.56. Kingsway Financial Services Inc has a 1-year low of $9.84 and a 1-year high of $16.80.

Kingsway Financial Services (NYSE:KWY) last released its quarterly earnings results on Thursday, May 7th. The company reported ($0.10) earnings per share for the quarter. The firm had revenue of $38.96 million for the quarter. Kingsway Financial Services had a negative return on equity of 72.50% and a negative net margin of 8.83%.

Wall Street Analyst Weigh In

Separately, Weiss Ratings cut Kingsway Financial Services from a “sell (d-)” rating to a “sell (e+)” rating in a report on Monday, May 4th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Kingsway Financial Services presently has a consensus rating of “Sell”.

Hedge Funds Weigh In On Kingsway Financial Services

A number of large investors have recently made changes to their positions in KWY. Capricorn Fund Managers Ltd bought a new position in shares of Kingsway Financial Services in the first quarter worth $18,616,000. Greenhaven Road Investment Management L.P. boosted its holdings in shares of Kingsway Financial Services by 43.8% in the fourth quarter. Greenhaven Road Investment Management L.P. now owns 1,884,529 shares of the company’s stock worth $25,347,000 after acquiring an additional 573,993 shares during the period. Mirabella Financial Services LLP boosted its holdings in shares of Kingsway Financial Services by 13.2% in the third quarter. Mirabella Financial Services LLP now owns 2,189,905 shares of the company’s stock worth $32,016,000 after acquiring an additional 255,319 shares during the period. Waverly Advisors LLC bought a new stake in Kingsway Financial Services during the first quarter valued at $1,304,000. Finally, Vanguard Group Inc. boosted its stake in Kingsway Financial Services by 12.5% during the third quarter. Vanguard Group Inc. now owns 948,838 shares of the company’s stock valued at $13,872,000 after buying an additional 105,080 shares during the period. 72.38% of the stock is owned by institutional investors.

Kingsway Financial Services Company Profile

Kingsway Financial Services Inc is a holding company that operates through a group of subsidiaries focused on extended warranty and specialty insurance-related services. The company’s businesses primarily provide administration, underwriting, and related support services for protection products offered through automotive, consumer, and other markets.

Kingsway has historically operated in the insurance and service contract space, with activities centered on helping businesses and consumers manage risk and protection coverage needs.