Sunday, June 26, 2022

Kingsway Financial Services Inc. [KFS] stock for 5,597 USD was bought by STILWELL JOSEPH

The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Kingsway Financial Services Inc. shares valued at $5,597 were purchased by STILWELL JOSEPH on Jun 17. At $5.30 per share, STILWELL JOSEPH acquired 1,056 shares. The insider’s holdings grew to 663,373 shares worth approximately $3.42 million following the completion of this transaction.

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Also, STILWELL JOSEPH purchased 8,724 shares, netting a total of over 46,237 in proceeds. Following the buying of shares at $5.30 each, the insider now holds 5,037,473 shares.

Before that, Fitzgerald John Taylor Maloney had added 388 shares to its account. In a trade valued at $2,080, the President and CEO bought Kingsway Financial Services Inc. shares for $5.36 each. Upon closing the transaction, the insider’s holdings increased to 388 shares, worth approximately $9.91 million.

As published in a research note from RBC Capital Mkts on November 06, 2008, Kingsway Financial Services Inc. [KFS] has been rated down from an Outperform to a Sector perform and the price target has been revised to $8 from $10. This represents a 35.5% premium over Wednesday’s closing price. Analysts at RBC Capital Mkts resumed the stock at ‘”an Outperform”‘ outlook in a report released in mid July. As of January 03, 2008, Ferris Baker Watts has increased its “Sell” rating to a “Neutral” for KFS. Earlier on December 19, 2007, Ferris Baker Watts downgraded its rating. Their new recommendation was “a Sell” for KFS stock which previously was a “a Neutral”.

Analyzing KFS’s Price Performance

On Wednesday, Kingsway Financial Services Inc. [NYSE: KFS] rose 0.19% to $5.16. The stock’s lowest price that day was $5.15, but it reached a high of $5.3112 in the same session. During the last five days, there has been a drop of approximately -1.90%. Over the course of the year, Kingsway Financial Services Inc. shares have dropped approximately -5.84%. Shares of the company reached a 52-week high of $5.74 on 04/28/22 and a 52-week low of $5.05 on 02/24/22. A 50-day SMA is recorded $5.39, while a 200-day SMA reached $5.41. Nevertheless, trading volume fell to 50266.0 shares from 62700.0 shares the previous day.

Support And Resistance Levels for Kingsway Financial Services Inc. (KFS)

According to the 24-hour chart, there is a support level at 5.10, which, if violated, would cause prices to drop to 5.05. In the upper region, resistance lies at 5.26. The next price resistance is at 5.37. RSI (Relative Strength Index) is 34.50 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.08, which suggests the price will decrease in the coming days. Percent R is at 96.00%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.

Is Kingsway Financial Services Inc. subject to short interest?

Stocks of Kingsway Financial Services Inc. saw a sharp steep in short interest on Apr 28, 2022 dropping by 2670.0 shares to 9510.0. Data from Yahoo Finance shows that the short interest on Mar 30, 2022 was 12180.0 shares. A decline of -28.08% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 0.86 of the overall float, the days-to-cover ratio (short ratio) decline to 0.86.

Which companies own the most shares of Kingsway Financial Services Inc. (KFS)?

According to Stilwell Value LLC filings, the company currently owns 8,229,310 shares, which is about 34.10% of the total KFS shares outstanding. The investor’s shares have appreciated by 837,846 from its previous 13-F filing of 7391464.0 shares. With the completion of the buy, David Capital Partners LLC’s stake is now worth $11,475,000. The Vanguard Group, Inc. acquire a 17.37% interest valued at $2.93 million while Renaissance Technologies LLC sold a -11,801 stake. A total of 900 shares of Kingsway Financial Services Inc. were sold by Belpointe Asset Management LLC during the quarter, and 0 were sold by Dimensional Fund Advisors LP. In its current portfolio, Zeke Capital Advisors LLC holds 38,500 shares valued at $0.21 million.

In terms of Kingsway Financial Services Inc. share price expectations, FactSet research, analysts set an average price target of $4.00 in the next 12 months, down nearly -22.33% from the previous closing price of $5.15. Analysts anticipate Kingsway Financial Services Inc. stock to reach $4.00 by 2022, with the lowest price target being $4.00. In spite of this, 1 analysts ranked Kingsway Financial Services Inc. stock as a Hold at the end of 2022.

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