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Kingsway Financial Services INC (EXCHANGE:KFS) CFO and EVP Kent A. Hansen reported purchasing 111 shares of common stock on July 1, 2025, at a price of $14.02, for a total transaction value of $1,556. The purchase comes as KFS trades near its 52-week high of $14.38, having delivered an impressive 65.53% return over the past year. According to InvestingPro analysis, the stock appears to be trading above its Fair Value.
Following the transaction, Hansen directly owns 135,248 shares of Kingsway Financial Services INC. This total includes 8,370 shares of restricted stock granted on December 15, 2022, 14,204 shares of restricted stock granted on March 26, 2024, and 20,728 shares of restricted stock granted on December 4, 2024.
The purchase was made through the Kingsway America Inc. Employee Share Purchase Plan (ESPP). The ESPP allows eligible employees to contribute up to 5% of their adjusted salary per payroll period, with the company matching 100% of the contribution for employees employed for at least 12 months. These contributions are then used to purchase shares of Kingsway Financial Services INC on the open market.
In other recent news, Kingsway Financial Services Inc. reported a notable increase in revenue for the first quarter of 2025, with an 8.4% rise year-over-year, reaching $28.3 million. However, the company experienced a decline in consolidated adjusted EBITDA, which fell by $800,000 compared to the previous year. Kingsway’s strategic acquisitions, including MLC Plumbing and Viewpoint, were highlighted as part of their efforts to enhance service offerings. The company completed a $15.7 million private placement, allowing them to increase their acquisition target to 3-5 businesses per year. Additionally, Kingsway issued a new class of preferred stock, raising $2 million in a private placement. This move is aimed at strengthening the company’s capital structure without immediate dilution of common stock. The issuance of the Class D Preferred Stock offers holders fixed cumulative preferential cash dividends at a rate of 8% per annum. These developments reflect Kingsway’s continued focus on growth and strategic expansion.
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