Bullish indicating open at $55-$60, IPO prices at $37
Kent A. Hansen, CFO and Executive Vice President of Kingsway Financial Services Inc . (NYSE:KFS), recently acquired 39 shares of the company’s common stock, valued at approximately $312. The company, with a market capitalization of $222 million, has shown mixed performance according to InvestingPro data. The purchase, executed on April 15, 2025, was made at a price of $8.02 per share under the Kingsway America Inc. Employee Share Purchase Plan. This acquisition increases Hansen’s total holdings to 134,932 shares, which include restricted stock grants from previous years. While the company maintains a FAIR financial health score, InvestingPro analysis reveals the stock is trading at a high Price/Book multiple of 26.2x, with additional insights available in the comprehensive Pro Research Report covering this and 1,400+ other US equities.
In other recent news, Kingsway Financial Services Inc. reported a 6% increase in consolidated revenue for 2024, reaching $109.4 million. The company also saw a 17% rise in consolidated adjusted EBITDA, totaling $10.6 million. Kingsway completed strategic acquisitions, including Buds Plumbing and Image Solutions, contributing to its diversified business model. The KSX segment experienced a 16% revenue increase, while the extended warranty segment saw modest growth. Analyst firms have not provided any recent upgrades or downgrades for Kingsway. The company is targeting 2-3 acquisitions annually, focusing on organic growth within its existing businesses. Kingsway remains optimistic about its performance in 2025, with future EPS forecasts for 2024 and 2025 projected at $1.15 and $1.19, respectively. Revenue forecasts stand at $117.3 million and $121.41 million for the same years.
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