The stock of Kingstone Companies Inc (NASDAQ:KINS) hit a new 52-week high and has $20.40 target or 95.00% above today’s $10.46 share price. The 9 months bullish chart indicates low risk for the $84.03M company. The 1-year high was reported on Oct, 19 by Barchart.com. If the $20.40 price target is reached, the company will be worth $79.83 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 68,015 shares traded hands or 237.83% up from the average. Kingstone Companies Inc (NASDAQ:KINS) has risen 27.26% since March 16, 2016 and is uptrending. It has outperformed by 21.72% the S&P500.
Analysts await Kingstone Companies Inc (NASDAQ:KINS) to report earnings on November, 9.
According to Zacks Investment Research, “Kingstone Companies, Inc., formerly DCAP Group, Inc., is engaged in the ownership of an insurance company. The Company focuses on automobile, motorcycle and homeowners insurance and its customer base is primarily individuals rather than businesses. There are three Atlantic Insurance locations in eastern Pennsylvania. All of the Barry Scott, Atlantic Insurance and Accurate Agency locations are wholly owned by the Company.”
Insitutional Activity: The institutional sentiment decreased to 1 in Q2 2016. Its down 0.67, from 1.67 in 2016Q1. The ratio worsened, as 5 funds sold all Kingstone Companies Inc shares owned while 7 reduced positions. 3 funds bought stakes while 9 increased positions. They now own 1.73 million shares or 4.01% less from 1.81 million shares in 2016Q1.
Ativo Lc holds 0.12% or 57,715 shares in its portfolio. Perritt Capital Mgmt last reported 122,800 shares in the company. Bank Of America De, a North Carolina-based fund reported 1 shares. Citigroup holds 0% or 10 shares in its portfolio. Lsv Asset Mgmt has 0% invested in the company for 15,613 shares. Stieven Capital Advsr Lp accumulated 209,400 shares or 0.52% of the stock. Blackrock Invest Mgmt Ltd accumulated 995 shares or 0% of the stock. Sit Invest Assoc Incorporated holds 9,100 shares or 0% of its portfolio. Spark Mngmt Ltd Limited Liability Company reported 17,900 shares or 0.01% of all its holdings. Cadence Capital Management Limited Co owns 70,760 shares or 0.05% of their US portfolio. Dimensional Fund Lp holds 0% or 23,367 shares in its portfolio. Tower Rech Capital Limited Liability (Trc) last reported 0% of its portfolio in the stock. Moreover, Alpine Invest Mngmt Ltd Co has 0.1% invested in Kingstone Companies Inc (NASDAQ:KINS) for 148,052 shares. Wasatch Advsr Inc holds 0.03% of its portfolio in Kingstone Companies Inc (NASDAQ:KINS) for 210,000 shares. Vanguard Grp Incorporated holds 178,620 shares or 0% of its portfolio.
Insider Transactions: Since May 17, 2016, the stock had 5 buys, and 0 selling transactions for $46,709 net activity. Another trade for 1,712 shares valued at $15,168 was bought by Tupper Floyd R. The insider GOLDSTEIN BARRY bought 900 shares worth $8,208.
More important recent Kingstone Companies Inc (NASDAQ:KINS) news were published by: Seekingalpha.com which released: “Kingstone Companies, Inc.: 139 Years Old And Still Growing Stronger” on December 14, 2015, also Businesswire.com published article titled: “Kingstone Companies, Inc. Announces Appointment of Floyd Tupper to Board of …”, Nasdaq.com published: “Kingstone Companies, Inc (KINS) Ex-Dividend Date Scheduled for August 29, 2016” on August 26, 2016. More interesting news about Kingstone Companies Inc (NASDAQ:KINS) was released by: Seekingalpha.com and their article: “Kingstone Companies’ (KINS) CEO Barry Goldstein on Q2 2016 Results – Earnings …” with publication date: August 12, 2016.
KINS Company Profile
Kingstone Companies, Inc. (Kingstone), incorporated on August 25, 1961, offers property and casualty insurance products to small businesses and individuals in New York State. The Firm offers these products through its subsidiary, Kingstone Insurance Company (KICO). KICO is a licensed property and casualty insurance firm in New York, New Jersey, Connecticut, Pennsylvania and Texas. The Firm operates through property and casualty insurances segment, which offers a range of property and casualty policies to its producers. The Firm underwrites its business utilizing the CLUE industry claims database, insurance scoring reports, physical inspection of risks and other individual risk underwriting tools. It writes homeowners and dwelling fire business in New York City and Long Island. The Company’s product lines include personal lines, commercial liability, commercial automobile, livery physical damage and other.
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