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In recent transactions, several entities associated with Joseph Stilwell reported significant sales of Kingsway Financial Services Inc . (NYSE:KFS) stock, a company with a market capitalization of $220 million and annual revenue of $113 million. On March 26, these entities collectively sold shares worth approximately $8 million, all at a price of $8.00 per share. According to InvestingPro analysis, the stock is currently trading slightly above its Fair Value.
Stilwell Activist Investments, L.P. led the sales with 522,652 shares sold, followed by Stilwell Value Partners VII, L.P., which sold 205,920 shares. Stilwell Associates, L.P. and Stilwell Activist Fund, L.P. also participated, selling 202,753 and 68,675 shares, respectively. InvestingPro data shows the company maintains a FAIR Financial Health Score, with detailed analysis available in the comprehensive Pro Research Report.
These transactions leave Stilwell and his associated entities with substantial holdings in Kingsway Financial, as they continue to influence the company’s shareholder landscape. Get access to more insider trading patterns and comprehensive financial analysis with InvestingPro.
In other recent news, Kingsway Financial Services Inc. reported a 6% increase in its consolidated revenue for 2024, reaching $109.4 million. The company also achieved a 17% rise in consolidated adjusted EBITDA, amounting to $10.6 million. These results were bolstered by strategic acquisitions, including Buds Plumbing and Image Solutions, which contributed to the company’s diversified business model. Kingsway expanded its KSX platform to include seven operating subsidiaries, a move that saw the KSX segment revenue grow by 16%. The extended warranty segment, while experiencing modest growth, still contributed significantly with $68.9 million in revenue. Analyst projections indicate future revenue forecasts of $117.3 million for 2024 and $121.41 million for 2025. The company aims for 2-3 acquisitions annually, focusing on organic growth within its existing businesses. Despite macroeconomic pressures, Kingsway remains optimistic about its performance in 2025, particularly in B2B services, healthcare, software, and skilled trades.
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