Angel Oak Capital Advisors LLC Invests $3.70 Million in Kingstone Companies, Inc. (NASDAQ:KINS)

Angel Oak Capital Advisors LLC bought a new stake in shares of Kingstone Companies, Inc. (NASDAQ:KINS) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 243,856 shares of the insurance provider’s stock, valued at approximately $3,704,000. Kingstone Companies comprises approximately 4.9% of Angel Oak Capital Advisors LLC’s investment portfolio, making the stock its 3rd biggest holding.

A number of other hedge funds have also recently bought and sold shares of KINS. Ritholtz Wealth Management lifted its stake in shares of Kingstone Companies by 138.6% in the fourth quarter. Ritholtz Wealth Management now owns 39,663 shares of the insurance provider’s stock valued at $602,000 after buying an additional 23,040 shares during the period. Barclays PLC bought a new stake in shares of Kingstone Companies in the 3rd quarter worth approximately $49,000. Evernest Financial Advisors LLC acquired a new stake in shares of Kingstone Companies during the 3rd quarter worth approximately $1,184,000. State Street Corp increased its position in shares of Kingstone Companies by 22.7% during the third quarter. State Street Corp now owns 30,229 shares of the insurance provider’s stock valued at $277,000 after purchasing an additional 5,600 shares during the period. Finally, JPMorgan Chase & Co. raised its stake in shares of Kingstone Companies by 53,684.2% in the third quarter. JPMorgan Chase & Co. now owns 10,219 shares of the insurance provider’s stock valued at $94,000 after purchasing an additional 10,200 shares in the last quarter. 14.91% of the stock is owned by institutional investors.

Insider Activity

In related news, Director William L. Yankus sold 10,253 shares of the business’s stock in a transaction on Friday, December 13th. The stock was sold at an average price of $16.18, for a total value of $165,893.54. Following the sale, the director now owns 91,834 shares of the company’s stock, valued at $1,485,874.12. The trade was a 10.04 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 12.20% of the company’s stock.

Kingstone Companies Stock Performance

NASDAQ KINS opened at $17.92 on Tuesday. Kingstone Companies, Inc. has a twelve month low of $2.97 and a twelve month high of $18.93. The company has a quick ratio of 0.43, a current ratio of 0.43 and a debt-to-equity ratio of 0.29. The stock has a market cap of $221.31 million, a P/E ratio of 13.78 and a beta of 0.74. The company’s 50-day simple moving average is $15.96 and its 200 day simple moving average is $12.43.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded shares of Kingstone Companies from a “buy” rating to a “hold” rating in a research note on Wednesday, December 11th.

Kingstone Companies Company Profile

Kingstone Companies, Inc, through its subsidiary, provides property and casualty insurance products to individuals in the United States. It offers personal line of insurance products, such as homeowners and dwelling fire, cooperative/condominiums, renters, and personal umbrella policies. The company also provides for-hire vehicle physical damage only policies for livery and car service vehicles and taxicabs; and canine legal liability policies.