Investing.com - Financial Markets Worldwide

Kingsway financial services CEO acquires $2,497 in stock

Published 18/02/2025, 22:06
Kingsway financial services CEO acquires $2,497 in stock
KFS
-3.65%

John Taylor Maloney Fitzgerald, the President and CEO of Kingsway Financial Services Inc . (NYSE:KFS), recently acquired shares in the company. According to a Form 4 filing with the Securities and Exchange Commission, Fitzgerald purchased 311 shares of common stock at $8.03 per share on February 14, 2025, near the stock’s 52-week low of $7.60. The total transaction amounted to approximately $2,497. According to InvestingPro analysis, KFS is currently trading at $7.93, with the company showing a negative earnings per share of -$0.27 over the last twelve months.

Following this acquisition, Fitzgerald’s direct ownership stands at 1,527,516 shares in the $218 million market cap company. Additionally, he holds indirect ownership through various trusts, each with 20,000 shares. The shares were acquired under the Kingsway America Inc. Employee Share Purchase Plan, which allows eligible employees to purchase stock with matching contributions from the company. With earnings scheduled for March 4, 2025, InvestingPro subscribers can access additional insights and 6 more ProTips to better understand this insider purchase.

In other recent news, Kingsway Financial Services Inc. has made a significant move to reinforce its financial standing. The company recently announced a private placement of a newly created Class C Preferred Stock, selling 176,756 shares at $25 per share. This strategic move raised $4.4 million, with the potential for additional sales up to $6 million. The Class C Preferred Stock is convertible into Kingsway’s common stock and comes with an 8% annual dividend, which could increase to 18% if dividends accumulate unpaid for more than two quarters. The company must redeem all outstanding Class C Preferred Stock by February 2032. These recent developments are part of Kingsway’s broader strategy to secure funding and enhance its financial structure.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Latest comments

Install Our App
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers
© 2007-2025 - Fusion Media Limited. All Rights Reserved.