Short Interest in Kingstone Companies, Inc. (NASDAQ:KINS) Expands By 19.4%

Kingstone Companies, Inc. (NASDAQ:KINS) saw a significant increase in short interest during the month of December. As of December 31st, there was short interest totalling 773,400 shares, an increase of 19.4% from the December 15th total of 647,800 shares. Based on an average trading volume of 300,700 shares, the days-to-cover ratio is presently 2.6 days. Approximately 8.3% of the shares of the company are sold short.

Insider Activity at Kingstone Companies

In related news, Director William L. Yankus sold 10,253 shares of the business’s stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $16.18, for a total transaction 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 SEC, which can be accessed through the SEC website. Also, Director Carla D’andre bought 4,000 shares of Kingstone Companies stock in a transaction on Friday, November 15th. The shares were acquired at an average cost of $10.98 per share, with a total value of $43,920.00. Following the completion of the acquisition, the director now owns 4,000 shares of the company’s stock, valued at $43,920. The trade was a ∞ increase in their position. The disclosure for this purchase can be found here. 12.20% of the stock is owned by company insiders.

Institutional Investors Weigh In On Kingstone Companies

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Evernest Financial Advisors LLC purchased a new stake in shares of Kingstone Companies during the third quarter worth about $1,184,000. State Street Corp grew its holdings in Kingstone Companies by 22.7% during the 3rd quarter. State Street Corp now owns 30,229 shares of the insurance provider’s stock valued at $277,000 after buying an additional 5,600 shares in the last quarter. Wolverine Trading LLC purchased a new stake in Kingstone Companies during the 3rd quarter valued at approximately $304,000. XTX Topco Ltd bought a new stake in shares of Kingstone Companies during the third quarter valued at approximately $290,000. Finally, Jane Street Group LLC purchased a new position in shares of Kingstone Companies in the third quarter worth $170,000. 14.91% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded Kingstone Companies from a “buy” rating to a “hold” rating in a research report on Wednesday, December 11th.

Kingstone Companies Trading Up 0.3 %

Kingstone Companies stock opened at $15.37 on Friday. Kingstone Companies has a 12-month low of $2.40 and a 12-month high of $18.08. The firm has a market capitalization of $189.82 million, a price-to-earnings ratio of 11.82 and a beta of 0.74. The firm has a 50 day moving average of $14.99 and a 200 day moving average of $10.73. The company has a current ratio of 0.43, a quick ratio of 0.43 and a debt-to-equity ratio of 0.29.

Kingstone Companies (NASDAQ:KINS) last announced its quarterly earnings data on Tuesday, November 12th. The insurance provider reported $0.50 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.50. Kingstone Companies had a net margin of 10.60% and a return on equity of 32.55%. The firm had revenue of $40.77 million during the quarter, compared to analysts’ expectations of $41.80 million. During the same period in the prior year, the company posted ($0.27) earnings per share. As a group, research analysts predict that Kingstone Companies will post 1.4 earnings per share for the current year.

About Kingstone Companies

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.