Kingstone Companies Inc (NASDAQ:KINS) Insider Purchases $48,552.00 in Stock

Kingstone Companies Inc (NASDAQ:KINS) insider Barry Goldstein bought 5,950 shares of the stock in a transaction on Thursday, August 22nd. The stock was purchased at an average cost of $8.16 per share, for a total transaction of $48,552.00. Following the acquisition, the insider now directly owns 613,876 shares of the company’s stock, valued at approximately $5,009,228.16. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

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

  • On Monday, August 19th, Barry Goldstein bought 4,500 shares of Kingstone Companies stock. The stock was purchased at an average cost of $8.22 per share, for a total transaction of $36,990.00.
  • On Thursday, August 15th, Barry Goldstein bought 1,500 shares of Kingstone Companies stock. The stock was purchased at an average cost of $7.72 per share, for a total transaction of $11,580.00.

Kingstone Companies stock traded down $0.07 during trading hours on Thursday, hitting $8.07. The stock had a trading volume of 39,600 shares, compared to its average volume of 70,134. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.49 and a quick ratio of 0.49. The stock has a market capitalization of $88.14 million, a price-to-earnings ratio of 17.17 and a beta of 0.62. Kingstone Companies Inc has a 1-year low of $7.50 and a 1-year high of $20.60. The stock’s fifty day moving average is $8.43 and its two-hundred day moving average is $11.65.

Kingstone Companies (NASDAQ:KINS) last posted its earnings results on Thursday, August 8th. The insurance provider reported $0.10 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.35 by ($0.25). The firm had revenue of $34.61 million during the quarter, compared to analyst estimates of $35.40 million. Kingstone Companies had a negative net margin of 2.03% and a negative return on equity of 3.77%. As a group, sell-side analysts anticipate that Kingstone Companies Inc will post -0.2 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 13th. Investors of record on Friday, August 30th will be paid a dividend of $0.063 per share. This represents a $0.25 dividend on an annualized basis and a dividend yield of 3.12%. The ex-dividend date is Thursday, August 29th. Kingstone Companies’s payout ratio is currently 85.11%.

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Bank of New York Mellon Corp lifted its position in Kingstone Companies by 9.6% during the 4th quarter. Bank of New York Mellon Corp now owns 46,465 shares of the insurance provider’s stock valued at $822,000 after acquiring an additional 4,085 shares during the period. Dimensional Fund Advisors LP raised its holdings in shares of Kingstone Companies by 5.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 344,389 shares of the insurance provider’s stock valued at $6,093,000 after purchasing an additional 18,770 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of Kingstone Companies by 6.5% during the fourth quarter. Geode Capital Management LLC now owns 87,637 shares of the insurance provider’s stock valued at $1,550,000 after purchasing an additional 5,381 shares during the last quarter. Bank of America Corp DE raised its holdings in shares of Kingstone Companies by 37.0% during the fourth quarter. Bank of America Corp DE now owns 11,215 shares of the insurance provider’s stock valued at $199,000 after purchasing an additional 3,031 shares during the last quarter. Finally, BNP Paribas Arbitrage SA raised its holdings in shares of Kingstone Companies by 1,029.9% during the first quarter. BNP Paribas Arbitrage SA now owns 1,966 shares of the insurance provider’s stock valued at $29,000 after purchasing an additional 1,792 shares during the last quarter. 44.13% of the stock is currently owned by institutional investors and hedge funds.

Several research firms have weighed in on KINS. Zacks Investment Research raised Kingstone Companies from a “strong sell” rating to a “hold” rating in a report on Saturday, August 10th. Boenning Scattergood set a $13.00 target price on Kingstone Companies and gave the company a “buy” rating in a report on Monday, May 20th. Finally, ValuEngine raised Kingstone Companies from a “hold” rating to a “buy” rating in a report on Thursday, August 1st.

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.

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

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