Kingstone Companies Inc (NASDAQ:KINS) Position Increased by Foundry Partners LLC

Foundry Partners LLC grew its stake in Kingstone Companies Inc (NASDAQ:KINS) by 1.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 362,826 shares of the insurance provider’s stock after purchasing an additional 4,901 shares during the period. Foundry Partners LLC owned approximately 3.40% of Kingstone Companies worth $6,894,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently added to or reduced their stakes in KINS. Russell Investments Group Ltd. acquired a new position in shares of Kingstone Companies in the 1st quarter worth approximately $123,000. First Trust Advisors LP acquired a new position in shares of Kingstone Companies in the 2nd quarter worth approximately $176,000. Globeflex Capital L P boosted its holdings in shares of Kingstone Companies by 14.8% in the 2nd quarter. Globeflex Capital L P now owns 45,700 shares of the insurance provider’s stock worth $772,000 after acquiring an additional 5,900 shares in the last quarter. Salzhauer Michael boosted its holdings in shares of Kingstone Companies by 9.8% in the 2nd quarter. Salzhauer Michael now owns 64,989 shares of the insurance provider’s stock worth $1,098,000 after acquiring an additional 5,785 shares in the last quarter. Finally, Wells Fargo & Company MN boosted its holdings in shares of Kingstone Companies by 5.0% in the 1st quarter. Wells Fargo & Company MN now owns 76,712 shares of the insurance provider’s stock worth $1,289,000 after acquiring an additional 3,666 shares in the last quarter. Institutional investors own 50.75% of the company’s stock.

In other news, Director Carla D’andre acquired 3,000 shares of Kingstone Companies stock in a transaction on Tuesday, August 21st. The shares were purchased at an average price of $16.83 per share, with a total value of $50,490.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In the last ninety days, insiders have acquired 6,000 shares of company stock worth $100,720. Company insiders own 10.30% of the company’s stock.

Shares of KINS traded down $0.35 on Friday, hitting $16.97. The company’s stock had a trading volume of 23,169 shares, compared to its average volume of 19,451. The company has a market capitalization of $184.91 million, a P/E ratio of 18.05 and a beta of 1.21. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.57 and a quick ratio of 0.57. Kingstone Companies Inc has a fifty-two week low of $13.20 and a fifty-two week high of $21.70.

Kingstone Companies (NASDAQ:KINS) last announced its earnings results on Thursday, November 8th. The insurance provider reported $0.34 EPS for the quarter, missing the consensus estimate of $0.44 by ($0.10). Kingstone Companies had a return on equity of 6.78% and a net margin of 5.37%. The business had revenue of $30.89 million during the quarter, compared to analyst estimates of $33.30 million. On average, sell-side analysts anticipate that Kingstone Companies Inc will post 0.85 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 14th. Shareholders of record on Friday, November 30th will be issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 2.36%. The ex-dividend date is Thursday, November 29th. Kingstone Companies’s dividend payout ratio is 42.55%.

Several research analysts have recently commented on the company. Boenning Scattergood reissued a “buy” rating and issued a $20.00 target price on shares of Kingstone Companies in a report on Thursday, August 9th. Zacks Investment Research downgraded Kingstone Companies from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 24th. Finally, ValuEngine raised Kingstone Companies from a “hold” rating to a “buy” rating in a report on Monday, October 29th.

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Kingstone Companies Profile

Kingstone Companies, Inc, through its subsidiary, Kingstone Insurance Company, underwrites property and casualty insurance products to small businesses and individuals in New York. The company provides personal lines insurance products, such as homeowners and dwelling fire multi-peril, cooperative/condominium, renter, and personal umbrella policies.

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Institutional Ownership by Quarter for Kingstone Companies (NASDAQ:KINS)

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