Oakmont Capital Inc. buys 25,000 shares of Kingsway Financial Services Inc. (NYSE: KFS)

Kingsway Financial Services Inc. (NYSE:KFS – Get Rating) (TSE:KFS), major shareholder Oakmont Capital Inc, acquired 25,000 shares in a transaction dated Wednesday, June 29. The shares were acquired at an average price of $5.67 per share, for a total transaction of $141,750.00. Following the completion of the acquisition, the insider now directly owns 2,547,708 shares of the company, valued at $14,445,504.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available on the SEC’s website. Major shareholders who own 10% or more of a company’s stock are required to disclose their sales and purchases to the SEC.

Oakmont Capital Inc has also recently completed the following transaction(s):

• On Monday, June 27, Oakmont Capital Inc acquired 3,858 shares of Kingsway Financial Services. The shares were acquired at an average price of $5.40 per share, for a total transaction of $20,833.20.
• On Friday, June 24, Oakmont Capital Inc purchased 6,454 shares of Kingsway Financial Services. The shares were purchased at an average price of $5.35 per share, for a total transaction of $34,528.90.
• On Wednesday, June 22, Oakmont Capital Inc purchased 9,699 shares of Kingsway Financial Services. The shares were purchased at an average price of $5.29 per share, for a total transaction of $51,307.71.

KFS lost $0.01 in Friday trading, hitting $5.69. 11,587 shares were traded, against an average volume of 16,388. The stock has a market capitalization of $137.33 million, a P/E ratio of -40.64 and a beta of -0.17. Kingsway Financial Services Inc. has a 12-month low of $4.70 and a 12-month high of $5.80. The stock’s 50-day moving average price is $5.42 and its two-hundred-day moving average price is $5.39. The company has a debt ratio of 16.37, a quick ratio of 0.21 and a current ratio of 0.21.

Kingsway Financial Services (NYSE:KFS – Get Rating) (TSE:KFS) last released its results on Friday, May 6. The insurance provider reported earnings per share of $0.06 for the quarter. Kingsway Financial Services posted a negative net margin of 3.02% and a positive return on equity of 161.76%. The company had revenue of $26.12 million for the quarter.

A number of hedge funds have recently increased or reduced their stakes in the company. State Street Corp increased its position in Kingsway Financial Services by 48.1% during the first quarter. State Street Corp now owns 20,949 shares of the insurance provider worth $115,000 after purchasing an additional 6,801 shares during the period. Stilwell Value LLC increased its position in Kingsway Financial Services by 2.4% during the first quarter. Stilwell Value LLC now owns 7,391,464 shares of the insurance provider worth $40,653,000 after purchasing an additional 172,494 shares during the period. Vanguard Group Inc. increased its position in Kingsway Financial Services by 17.1% during the first quarter. Vanguard Group Inc. now owns 547,719 shares of the insurance provider worth $3,012,000 after purchasing an additional 79,836 shares during the period. Finally, BlackRock Inc. increased its position in Kingsway Financial Services by 193.8% during the third quarter. BlackRock Inc. now owns 37,512 shares of the insurance provider worth $201,000 after purchasing an additional 24,743 shares during the period. 74.59% of the shares are held by hedge funds and other institutional investors.

Separately, TheStreet upgraded shares of Kingsway Financial Services from a “d+” rating to a “c” rating in a report on Wednesday, May 4.

Company Profile Kingsway Financial Services (Get a rating)

Kingsway Financial Services Inc, through its subsidiaries, is engaged in commercial extended warranty services, asset management and real estate. The Company operates through three segments: Extended Warranty, Leased Real Estate and Kingsway Search Xcelerator. The Extended Warranty segment markets, sells and administers vehicle maintenance contracts and related products for new and used automobiles, motorcycles and ATVs.

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