Kingsway financial services CEO buys $2,498 in common stock

The acquisition was made under the Kingsway America Inc. Employee Share Purchase Plan, which allows eligible employees to buy shares with contributions matched by the company. Following this purchase, Fitzgerald holds 1,526,905 shares directly. Additionally, he maintains indirect ownership of 20,000 shares each in three separate trusts: Trust-GEF, Trust-LTF, and Trust-MPF. With a market capitalization of $223 million and an overall Financial Health score rated as "FAIR" by InvestingPro, investors can access detailed analysis and 12+ additional ProTips through InvestingPro's comprehensive research reports, available for over 1,400 US stocks. With a market capitalization of $223 million and an overall Financial Health score rated as "FAIR" by InvestingPro, investors can access detailed analysis and 12+ additional ProTips through InvestingPro's comprehensive research reports, available for over 1,400 US stocks.

The acquisition was made under the Kingsway America Inc. Employee Share Purchase Plan, which allows eligible employees to buy shares with contributions matched by the company. Following this purchase, Fitzgerald holds 1,526,905 shares directly. Additionally, he maintains indirect ownership of 20,000 shares each in three separate trusts: Trust-GEF, Trust-LTF, and Trust-MPF.

In other recent news, Kingsway Financial Services Inc. reported a notable increase in its Q3 2024 consolidated revenue, up by nearly 10% to $27.1 million, along with a 28% rise in adjusted EBITDA, reaching $2.9 million. The company's strategic acquisition of Image Solutions for $19.5 million was a significant event, anticipated to enhance growth through broadened IT managed services. Despite a rise in claims expense, the Extended Warranty segment saw a 3.4% revenue growth, while the KSX segment experienced a 23% revenue surge, attributed to previous acquisitions. Kingsway's CFO, Kent Hansen, highlighted the financing structure for acquisitions and a rise in debt levels, with cash and equivalents reported at $6.5 million. Despite some operational challenges and delays due to Hurricane Helene, Kingsway continues to pursue growth through acquisitions, focusing on asset-light business services and vertical market software. These are recent developments that reflect Kingsway's commitment to a growth strategy centered on acquisitions and potential organic growth in the SPI business.

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