Insider Buying: Kingstone Companies Inc (NASDAQ:KINS) Insider Buys $36,990.00 in Stock

Kingstone Companies Inc (NASDAQ:KINS) insider Barry Goldstein bought 4,500 shares of the stock in a transaction on Monday, August 19th. The shares were acquired at an average cost of $8.22 per share, for a total transaction of $36,990.00. Following the purchase, the insider now owns 611,926 shares in the company, valued at $5,030,031.72. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

Barry Goldstein also recently made the following trade(s):

  • On Thursday, August 15th, Barry Goldstein bought 1,500 shares of Kingstone Companies stock. The shares were acquired at an average cost of $7.72 per share, for a total transaction of $11,580.00.

NASDAQ KINS opened at $8.14 on Thursday. Kingstone Companies Inc has a 52 week low of $7.50 and a 52 week high of $20.60. The company has a quick ratio of 0.49, a current ratio of 0.49 and a debt-to-equity ratio of 0.34. The business’s fifty day simple moving average is $8.45 and its 200-day simple moving average is $11.69. The firm has a market cap of $88.14 million, a PE ratio of 17.32 and a beta of 0.62.

Kingstone Companies (NASDAQ:KINS) last posted its quarterly earnings results on Thursday, August 8th. The insurance provider reported $0.10 EPS for the quarter, missing the consensus estimate of $0.35 by ($0.25). Kingstone Companies had a negative return on equity of 3.77% and a negative net margin of 2.03%. The company had revenue of $34.61 million for the quarter, compared to analysts’ expectations of $35.40 million. Research analysts expect that Kingstone Companies Inc will post -0.2 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, September 13th. Stockholders of record on Friday, August 30th will be issued a dividend of $0.063 per share. The ex-dividend date of this dividend is Thursday, August 29th. This represents a $0.25 annualized dividend and a dividend yield of 3.10%. Kingstone Companies’s dividend payout ratio is presently 85.11%.

Several equities research analysts have issued reports on the stock. Boenning Scattergood set a $13.00 target price on shares of Kingstone Companies and gave the stock a “buy” rating in a research note on Monday, May 20th. ValuEngine raised shares of Kingstone Companies from a “hold” rating to a “buy” rating in a research note on Thursday, August 1st. Finally, Zacks Investment Research raised shares of Kingstone Companies from a “strong sell” rating to a “hold” rating in a research note on Saturday, August 10th.

Several hedge funds and other institutional investors have recently bought and sold shares of KINS. Vanguard Group Inc. raised its holdings in Kingstone Companies by 3.2% in the 2nd quarter. Vanguard Group Inc. now owns 505,522 shares of the insurance provider’s stock valued at $4,372,000 after buying an additional 15,809 shares during the period. BlackRock Inc. increased its stake in Kingstone Companies by 2.2% during the fourth quarter. BlackRock Inc. now owns 486,762 shares of the insurance provider’s stock worth $8,610,000 after purchasing an additional 10,647 shares during the period. Foundry Partners LLC increased its stake in Kingstone Companies by 25.5% during the second quarter. Foundry Partners LLC now owns 437,877 shares of the insurance provider’s stock worth $3,788,000 after purchasing an additional 89,089 shares during the period. Renaissance Technologies LLC increased its stake in Kingstone Companies by 35.0% during the second quarter. Renaissance Technologies LLC now owns 385,900 shares of the insurance provider’s stock worth $3,338,000 after purchasing an additional 100,100 shares during the period. Finally, Dimensional Fund Advisors LP increased its stake in Kingstone Companies by 5.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 344,389 shares of the insurance provider’s stock worth $6,093,000 after purchasing an additional 18,770 shares during the period. Institutional investors and hedge funds own 44.13% of the company’s stock.

About Kingstone Companies

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 offers personal lines insurance products, including homeowners and dwelling fire multi-peril, cooperative/condominiums, renters, and personal umbrella policies.

Read More: What is a front-end load?

Insider Buying and Selling by Quarter for Kingstone Companies (NASDAQ:KINS)

Receive News & Ratings for Kingstone Companies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kingstone Companies and related companies with MarketBeat.com's FREE daily email newsletter.