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John Taylor Maloney Fitzgerald, President and CEO of Kingsway Financial Services Inc . (NYSE:KFS), has acquired additional shares of the company’s common stock. According to a recent SEC filing, Fitzgerald purchased 315 shares on March 3, 2025, at a price of $7.95 per share, totaling approximately $2,504. The purchase price represents a premium to the current trading price of $7.57, with the stock trading near its 52-week low of $7.52. According to InvestingPro analysis, KFS is currently fairly valued.
This acquisition was made under the Kingsway America Inc. Employee Share Purchase Plan. Following this transaction, Fitzgerald directly owns 1,527,831 shares. Additionally, he holds indirect ownership of 20,000 shares each in three separate trusts. With a market capitalization of $209 million and an overall Financial Health score of FAIR, InvestingPro subscribers can access 6 additional key insights and a comprehensive Pro Research Report for deeper analysis of KFS’s performance and outlook.
In other recent news, Kingsway Financial Services Inc. has successfully completed a private placement of its newly created Class C Preferred Stock, raising over $6 million. This financial maneuver included the sale of 63,244 shares at $25 per share, generating $1,581,100, which complemented an earlier sale of 176,756 shares that raised $4.4 million. The Class C Preferred Stock offering, which was targeted at accredited investors, was conducted privately without registration under the Securities Act, relying on specific exemptions. This strategic initiative reflects Kingsway’s effort to strengthen its capital structure and potentially fund growth initiatives or other corporate purposes. The preferred stock is convertible into common stock and offers an 8% annual dividend, which increases to 18% if unpaid for more than two quarters. Holders of the Class C Preferred Stock are entitled to a liquidation preference and must be redeemed by February 12, 2032. This move is consistent with Kingsway’s strategy to optimize its financial flexibility and enhance its financial structure.
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