Will Kingstone Companies Inc (NASDAQ:KINS) Run Out of Steam Soon? Short Interest Is Down

April 9, 2018 - By Marie Mckinney

Investors sentiment increased to 2.11 in Q4 2017. Its up 0.81, from 1.3 in 2017Q3. It is positive, as 3 investors sold Kingstone Companies, Inc. shares while 16 reduced holdings. 20 funds opened positions while 20 raised stakes. 5.37 million shares or 4.14% more from 5.16 million shares in 2017Q3 were reported.
Wasatch Advisors owns 183,621 shares. Jpmorgan Chase holds 0% or 1,958 shares in its portfolio. Barclays Public Limited Co has invested 0% of its portfolio in Kingstone Companies, Inc. (NASDAQ:KINS). Legal General Gp Pcl has invested 0% in Kingstone Companies, Inc. (NASDAQ:KINS). Parallax Volatility Advisers Lp, a California-based fund reported 1,386 shares. Pnc Ser Grp Incorporated stated it has 32 shares or 0% of all its holdings. The Illinois-based Lsv Asset Mngmt has invested 0% in Kingstone Companies, Inc. (NASDAQ:KINS). 45,715 were reported by Cornercap Counsel Incorporated. The Massachusetts-based Cadence Cap Llc has invested 0.14% in Kingstone Companies, Inc. (NASDAQ:KINS). Acr Alpine Research Limited Liability Corporation owns 197,777 shares or 0.2% of their US portfolio. First Manhattan has invested 0% of its portfolio in Kingstone Companies, Inc. (NASDAQ:KINS). Bancshares Of America Corp De accumulated 4,762 shares. 34,465 were reported by Eam Investors Llc. State Street Corporation holds 115,788 shares. Blackrock owns 0% invested in Kingstone Companies, Inc. (NASDAQ:KINS) for 457,793 shares.

Since March 19, 2018, it had 6 insider buys, and 0 selling transactions for $624,200 activity. $61,113 worth of stock was bought by GOLDSTEIN BARRY on Tuesday, March 20. THATCHER DALE A bought $375,000 worth of stock. 4,485 shares were bought by Tupper Floyd R, worth $69,019 on Tuesday, March 20. $67,892 worth of stock was bought by D’Andre Carla on Tuesday, March 20.

The stock of Kingstone Companies Inc (NASDAQ:KINS) registered a decrease of 32.49% in short interest. KINS’s total short interest was 143,800 shares in April as published by FINRA. Its down 32.49% from 213,000 shares, reported previously. With 29,200 shares average volume, it will take short sellers 5 days to cover their KINS’s short positions. The short interest to Kingstone Companies Inc’s float is 1.62%.

The stock increased 1.20% or $0.2 during the last trading session, reaching $16.8. About 45,518 shares traded. Kingstone Companies, Inc. (NASDAQ:KINS) has risen 8.47% since April 9, 2017 and is uptrending. It has underperformed by 3.08% the S&P500.

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 has market cap of $179.50 million. The firm provides personal lines insurance products, such as homeowners, dwelling fire, 3-4 family dwelling package, cooperative and condominium, renters, equipment breakdown, service line endorsements, and personal umbrella policies; and commercial liability policies comprising small business retail, service, and office risks without residential exposure to business owners. It has a 17.87 P/E ratio. It also offers for-hire vehicle physical damage only policies for livery and car service vehicles and taxicabs; and canine legal liability policies, as well as reinsurance products.

Kingstone Companies, Inc. (NASDAQ:KINS) Institutional Positions Chart

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