KINGSWAY CORP (KWY)
Financials · Search fund holding company / diversified business services · NYSE
A publicly-traded search fund holding company that acquires and operates recurring-revenue service businesses in plumbing, industrial equipment maintenance, and extended warranty sectors.
What KINGSWAY CORP does
Kingsway Financial Services is a holding company that acquires and operates small-to-mid-market B2B and B2C service businesses, primarily in business services and extended warranty sectors. The company employs a decentralized "Search Fund" model to identify, acquire, and grow asset-light companies with recurring revenues across the United States. Its operations are organized into two reportable segments: Kingsway Search Xcelerator (a portfolio of service businesses including plumbing, electric motor services, and other trades) and Extended Warranty.
Themes: Search Fund / holding company, Decentralized operations and management, Recurring services revenue, Residential and commercial services, Trades and skilled services, Extended warranty
Fundamentals
- Price$10.42 as of 2026-08-21 close
- Market cap$301M as of 2026-08-21
- 1-year return-25.9% 2025-08-21 close $14.07 → 2026-08-21 close $10.42
- P/En/a negative earnings
- Net margin-6.8% as of 2026-08-24
- ROE-31.4% as of 2026-08-24
- Debt / equity2.42 as of 2026-08-24
- Revenue growth (YoY)+29.1% as of 2026-08-24
- Revenue CAGR (3y)+13.1% SEC XBRL
- Beta1.56 as of 2026-08-24
- Last reported earnings2026-08-06 SEC EDGAR Form 8-K (Item 2.02)
Dividend: yield +0.4%; pays a dividend.
How KWY compares in its sector
- net profit marginbottom 10% 538 covered Financials peers, as of 2026-08-24
- operating marginbottom 10% 534 covered Financials peers, as of 2026-08-24
- return on equitybottom 10% 575 covered Financials peers, as of 2026-08-24
- 3-year revenue CAGRmiddle range 347 covered Financials peers
- indicated dividend yieldbottom 10% 453 covered Financials peers, as of 2026-08-24
Position among covered Financials companies that report each metric (minimum 5 peers). A relative position within our covered catalog — not a valuation, quality, or investment judgment. A higher percentile is simply a higher value (for P/E, more expensive on earnings — never "better"). Informational only.
How KINGSWAY CORP looks technically
KINGSWAY CORP (KWY) is trading 9.0% below its 200-day average, the long-term trend line — a long-term downtrend. Its 50-day average crossed below its 200-day average about 148 trading days ago — a "death cross", a bearish long-term signal. There is no clear trend right now — the price is choppy (ADX, a 0–100 trend-strength gauge, is 15, below the 25 that marks a real trend), though buyers have been pushing harder than sellers lately — pressure, not a trend. Momentum is neutral — its 14-day RSI (a 0–100 momentum gauge) is 63, neither overbought (above 70) nor oversold (below 30). It just made a new 20-day high, its first since 2026-07-06, pushing above its recent trading range. It is 36.9% below its highest point of the past year.
Trend
7
| Distance from the 200-day | it is trading 9.0% below its 200-day average, the long-term trend line — a long-term downtrend | -9.1% |
|---|---|---|
| 50-day moving average | its average price over the last 50 trading days — a short-term trend line — is $9.87 | $9.87 |
| 200-day moving average | its average price over the last 200 trading days — the long-term trend line — is $11.46 | $11.46 |
| Swing structure | each recent peak has been lower than the one before it and each dip deeper — the pattern chart-watchers call a downtrend, which describes where price has already been and not where it goes next | lower highs and lower lows |
| Last swing turn | its last significant turn was a swing high 10 calendar days ago — the swings before that are what the structure reading is measured on | 10 sessions |
| Since the 50/200 cross | its 50-day average crossed below its 200-day average about 148 trading days ago — a "death cross", a bearish long-term signal | 148 sessions |
| Trend strength (14-day ADX) | there is no clear trend right now — the price is choppy (ADX, a 0–100 trend-strength gauge, is 15, below the 25 that marks a real trend), though buyers have been pushing harder than sellers lately — pressure, not a trend | 15.1 |
Momentum
3
| 14-day RSI | momentum is neutral — its 14-day RSI (a 0–100 momentum gauge) is 63, neither overbought (above 70) nor oversold (below 30) | 63.1 |
|---|---|---|
| Position in its 14-day range | it is trading right at the top of its 14-day range ($8.90 to $10.47) — its "stochastic" reading is 97 out of 100, where 0 would mean closing exactly at the 14-session low and 100 exactly at the high. This measures WHERE the price sits inside its recent range, which is a different question from the RSI beside it: RSI is a momentum gauge, measuring how FAST the price has been moving, so a stock can drift quietly to the bottom of its range with an ordinary RSI, or fall sharply and still sit in the middle. It has been climbing within that range over the last few sessions. | 96.8 |
| Since the MACD crossed zero | MACD, a trend-momentum gauge, is in positive territory (momentum leaning bullish) | 14 sessions |
Range
12
| 52-week high | its highest closing price over the past year (about 252 trading days) was $16.51 | $16.51 |
|---|---|---|
| From the 52-week high | it is 36.9% below its 52-week high (its highest price of the past year) | -36.9% |
| Above the 52-week low | it is 23.9% above its 52-week low (its lowest price of the past year) | +23.9% |
| Below the 52-week high | it is 36.9% below its highest point of the past year | 36.9% |
| Since a 20-day breakout | it just made a new 20-day high, its first since 2026-07-06, pushing above its recent trading range | 1 session |
| Since a 55-day breakout | it made a new 55-day low about 21 trading days ago | 21 sessions |
| All-time high | its highest closing price on record is $94.96 (set on 2006-10-16) | $94.96 |
| Given back of the 52-week move | over the past year its closes ranged ($8.61 to $16.13), and it has recovered roughly a quarter of its fall from last year’s high — 24% of it. Chart-watchers call 61.8%-65% given back the "golden pocket" — for this company that is $13.26 to $13.50. It is watched widely enough that orders cluster there, which is the honest reason it matters; it is not a forecast. | 24.1% |
| From the all-time high | it is 89.0% below its all-time high | -89.0% |
| Nearest price level | it is trading 1.9% above a support level at $10.22 — a price it turned at twice since 2026-05-05, most recently on 2026-08-11. Since 2024-08-21 it has 8 such levels below the current price and 7 above. Levels like these describe where the price has reversed or paused before; they are not a forecast of where it will go. | -1.9% |
| All-time low | its lowest closing price on record is $1.26 (set on 2020-04-22) | $1.26 |
| Above the all-time low | it is 727.0% above its all-time low | +727.0% |
Volatility
5
| Band width vs its own 6 months | day-to-day price swings are about average versus its own recent 6-month history | 68th percentile |
|---|---|---|
| Typical daily range | in a typical session it travels about $0.4495 between its high and its low — about 4.3% of its price. That is its "average true range" over the last 14 sessions, which also counts the distance from the previous close, so a day that opens well away from yesterday counts as the large move it was | $0.4495 |
| Bollinger bands (20-day, ±2σ) | most of its recent trading has stayed between about $8.66 and $10.51 — the "Bollinger bands", a range drawn two standard deviations either side of its 20-day average price, which widens when the stock gets more volatile and narrows when it settles | $8.66 – $9.58 – $10.51 |
| Typical daily range (% of price) | its price moves about 4.3% in a typical session — about typical for the companies we cover. This is the average gap between a session's high and low over the last 14 sessions, counting overnight moves, expressed against the current price so it can be compared with companies trading at any price | 4.3% |
| Stretch from the 200-day average | it is trading 2.3 daily ranges below its 200-day average price (9.1% below it in plain percentage terms) — a way of asking how far it has stretched from its own average in units of how far it normally moves in a day, so a calm company and a jumpy one can be compared on the same scale | 2.3 daily ranges below its 200-day average |
Volume
1
| Volume vs its 30-day average | trading volume is about normal versus its 30-day average | 1.02× |
|---|
Candlestick patterns
1
| Since a doji | 2 sessions ago it opened and closed at almost the same price after trading through a wider range — a "doji", the classic picture of buyers and sellers finishing the session level | 2 sessions ago |
|---|
Price gaps
3
| Gap at the open | it opened on 2026-08-21 0.9% above the previous session's close — an overnight gap, the part of the move that happened while the market was shut, and had not traded back through that level by the close | +0.9% |
|---|---|---|
| Open gap | it gapped 4.6% above the previous close 10 sessions ago and has not traded back through the level it left behind at 9.08 — an "unfilled gap", which describes a price range no trade has since crossed and is not a forecast that it will be crossed | +4.6% |
| Gap filled | a 3.3% gap up opened on 2026-08-13 has been "filled" 6 sessions ago — price traded back through the level the gap left behind, and it closed again during the very session that opened it | 6 sessions ago |
Price streaks
1
| Closing streak | it has closed higher 3 sessions in a row, a +6.44% move over the run — an unbroken run of up days, which describes what has already happened and says nothing about the next session | 3 sessions up |
|---|
Relative strength
4
| vs market, 1 month | over the past 1 month this stock beat the market by 9.7 percentage points (the stock gained 12.0% while the market gained 2.3%) | +9.7% |
|---|---|---|
| vs market, 3 months | over the past 3 months this stock lagged the market by 1.2 percentage points (the stock gained 1.9% while the market gained 3.1%) | -1.2% |
| vs market, 6 months | over the past 6 months this stock lagged the market by 27.5 percentage points (the stock lost 16.4% while the market gained 11.1%) | -27.5% |
| vs market, 12 months | over the past 12 months this stock lagged the market by 46.4 percentage points (the stock lost 25.9% while the market gained 20.5%) | -46.4% |
Signal agreement
2
| Bullish technical signals | 2 of the 9 technical signals we can compute for it are currently in a bullish state: a fresh 20-day high, MACD momentum is positive — these describe past price behaviour, not a forecast | 2 of 9 |
|---|---|---|
| Bearish technical signals | 4 of the 9 technical signals we can compute for it are currently in a bearish state: a "death cross" — its 50-day average is below its 200-day, trading below its 200-day average, lagging the market over 6 months, near the top of its 14-day range (overbought) — these describe past price behaviour, not a forecast | 4 of 9 |
Trend (Ichimoku cloud)
1
| Vs the Ichimoku cloud | trading inside the Ichimoku cloud — a band drawn from where its own highs and lows sat up to 2026-07-15 and projected forward over today's price, the zone traders read as unresolved — neither side has established a trend, and the band is where that gets settled. The band itself is moderate, spanning 4.7% of the share price. | 0.0% |
|---|
Volume-weighted price
1
| Vs this year’s average price paid | the price is 6% below the average price paid so far this year, so the typical buyer over that stretch is under water. That average is $11.11 — a volume-weighted average of daily closes over 159 sessions, not a true tick-by-tick VWAP. | -6.2% |
|---|
Price levels it has turned at before
KWY last closed at $10.42 on 2026-08-21. Since 2024-08-21 it has turned at 8 prices below its last close and 7 above; the 3 nearest below and the 3 nearest above are listed, nearest first.
| Level | Side | Distance | Evidence |
|---|---|---|---|
| $10.22 | Support | 1.9% below the last close | turned there twice · 2026-05-05 to 2026-08-11 |
| $9.86 | Support | 5.3% below the last close | turned there three times · 2026-03-30 to 2026-06-25 |
| $9.56 | Support | 8.3% below the last close | turned there twice · 2024-10-17 to 2024-11-06 |
| $12.03 | Resistance | 15.5% above the last close | turned there five times · 2025-11-18 to 2026-05-08 |
| $12.72 | Resistance | 22.1% above the last close | turned there twice · 2025-06-25 to 2026-02-26 |
| $13.70 | Resistance | 31.5% above the last close | turned there three times · 2025-05-27 to 2026-02-03 |
A level is a price this company reversed or paused at more than once — they describe past behaviour, not a forecast of where the price will go.
Wave structure
No Elliott-wave labelling currently fits its swings: the recent highs and lows do not satisfy the three rules a five-wave count has to obey, so there is no count to show rather than a count we are unsure about.
Read from daily closes as of 2026-08-21.
An Elliott-wave count describes the swings already printed and the level that would disprove it. It is not a forecast, a target, or advice.
Screens: Trading below the 200-day moving average · Pulled back from the 12-month high · Broke out to a new 20-day high · trendless / choppy (low ADX) · lagging the market · At the top of its 14-day range (stochastic above 80) | Learn: moving average · golden cross · adx · rsi · breakout · fifty two week high low
Based on daily closing prices as of 2026-08-21. Describes past price behavior only — informational, not financial advice.
Key risks (from latest filing)
["Operating losses and negative margins: The company reported a net loss of $2.3 million in Q1 2026 with a -6.85% net margin, indicating ongoing unprofitability despite 29% revenue growth.","Integration execution risk: Rapid acquisition activity (four acquisitions completed in 2025) in disparate service businesses creates execution and integration challenges.","Debt burden and leverage: The company carries significant debt from acquisitions, with $71.2 million in total debt at March 31, 2026, while maintaining limited equity ($15.5 million), resulting in high financial leverage."]
What changed in the latest 10-Q
AI-assisted comparison of KWY's 10-Q filed 2026-05-07 against the prior one filed 2025-11-06.
Management's Discussion & Analysis (MD&A)
- Added:
- Added reference to 2025 Annual Report in forward-looking statements section (newer filing, 2026-05-07)
- Added 'fractional' to CSuite offerings description (newer filing, 2026-05-07)
- Added 'CFO mentoring, board advisory services' to CSuite services (newer filing, 2026-05-07)
- Added 'general acute care' to DDI hospital types served (newer filing, 2026-05-07)
- Added explicit reference to 'Kingsway Skilled Trades' as abbreviation 'KST' (newer filing, 2026-05-07)
- Removed:
- Removed reference to 2024 Annual Report; replaced with 2025 Annual Report (older filing, 2025-11-06 referenced 2024)
- Removed 'fractional' from Ravix description (older filing, 2025-11-06 had broader description)
- Removed mention of Prime Auto Care, Inc. as Geminus subsidiary (older filing, 2025-11-06 mentioned Prime)
- Removed Prime's distribution in 35 states (older filing, 2025-11-06)
- Removed Prime's GAP product sales mention (older filing, 2025-11-06)
- Removed PWI's partnership with American Auto Shield and white label agreement reference (older filing, 2025-11-06)
- Removed SPI's geographic scope beyond United States (older filing, 2025-11-06 listed Europe, Asia, Australia, Mexico, Caribbean)
- Removed 'is intended to allow' language from DDI description; replaced with 'allows' (wording change, older filing)
- Removed 'maintenance' from Roundhouse description title (older filing, 2025-11-06 said 'maintenance, repair, testing, and sales')
- Reworded:
- CSuite description expanded from 'project and interim staffing engagements, and contingent search services' to 'project, fractional and interim staffing of senior finance professionals, CFO mentoring, board advisory services, and executive search services' (newer filing, 2026-05-07)
- Ravix description changed from 'outsourced financial services and human resources consulting for short or long duration engagements' to 'outsourced financial services and human resources consulting to its clients on a fractional basis for both projects with definitive endpoints and ongoing engagements of indeterminate length for short or long duration engagements' (newer filing, 2026-05-07)
- SPI geographic scope narrowed from 'throughout the United States, Europe, Asia, Australia, Mexico and the Caribbean' to 'globally' (newer filing, 2026-05-07)
- DDI description changed from 'is intended to allow hospitals' to 'allows hospitals' (newer filing, 2026-05-07)
- Roundhouse description changed from 'industrial-scale electric motor maintenance, repair, testing, and sales solutions' to 'industrial-scale electric motor solutions, including field maintenance, in-shop repair, testing, and new motor sales' (newer filing, 2026-05-07)
- Geminus description simplified from mentioning both Penn and Prime subsidiaries to mentioning only Penn (newer filing, 2026-05-07)
- PWI description changed from 'in all fifty states' to 'in 47 states' (newer filing, 2026-05-07)
- PWI description removed reference to American Auto Shield partnership (newer filing, 2026-05-07)
- Notes:
- Both filings are truncated at the 'NON-U.S. GAAP FINANCIAL MEASURE' section; comparison is limited to available text
- Older filing reference shows it was filed 2025-11-06 but is for period ending 2025-09-30; newer filing filed 2026-05-07 for period ending 2026-03-31
Risk Factors
The two filings could not be meaningfully compared for this section.
AI-assisted comparison of two SEC filing sections. It describes wording and theme changes only, makes no materiality, legal, or investment judgement, and is not financial advice. Informational only — not financial advice.
Insider activity (SEC Form 4)
12 open-market purchases and 0 open-market sales by insiders in the last 90 days.
- Last 30 days2 buys ($4059) · 0 sells — 2 buying insiders
- Last 90 days12 buys ($64948) · 0 sells — 3 buying insiders
- Last 180 days17 buys ($75572) · 3 sells ($154326) — 3 buying, 1 selling insiders
Cluster buying: 3 different insiders reported open-market purchases (SEC code P) of KWY within a 30-day window between 2026-04-30 and 2026-05-29. Disclosed Form 4 activity, not a prediction of performance or a buy signal.
Activity heuristic: net buying (a transparent product heuristic from the counts above, not a prediction or advice)
Most recent open-market transaction: 2026-07-30. As of 2026-08-24.
View full insider trading history → View SEC Form 3/4/5 filingsAsk about KWY's insider activity →
Only open-market purchases (SEC code P) and sales (code S) are counted here. Option exercises, vesting/awards, gifts, and shares withheld for taxes are excluded — they are compensation or mechanical, not open-market conviction. Sales may be planned and non-discretionary (e.g. a Rule 10b5-1 plan) and are not necessarily bearish; open-market buying is not a recommendation to buy. Informational only — not financial advice.
Institutional ownership (13F)
5 institutional 13F filers reported holding KWY as of 2026-03-31 (quarter-end position, filed within 45 days).
- Distinct 13F filers 5
- Reported shares held 1,842,862
- Reported value $19,221,050
reported quarterly holdings change (2025-12-31 → 2026-03-31): 0 new, 3 increased, 2 decreased, 0 exited. Change counts cover only managers that filed 13F reports in BOTH quarters, derived between two quarter-end snapshots — not same-day trades; a single manager is never said to have "bought" or "sold".
Institutional holdings are quarter-end long positions reported on SEC Form 13F-HR, filed up to 45 days after the quarter ends — they are delayed, are not real-time trades, exclude short positions and most non-US securities, and are not investment advice. Any increase/decrease is a reported change between two quarterly snapshots, not a same-day purchase or sale. These are quarter-end snapshots from the 13F filings on SEC EDGAR, filed within 45 days — not real-time, and any change is a difference between two quarterly reports, not a same-day trade. Informational only — not financial advice.
Short interest (FINRA)
KWY had 1,485,127 shares of reported short interest as of the 2026-07-31 FINRA settlement date (delayed, bi-monthly; not real-time).
KWY had 5.13% of its shares outstanding sold short as of the 2026-07-31 FINRA settlement date (percent of FLOAT would be higher — float is not disclosed in the source). FINRA reported 22.27 days to cover at the same settlement.
- Reported short interest (shares) 1,485,127
- Short interest (% of shares outstanding) 5.13%
- Prior settlement (shares) 1,452,199
- Reported change 2.27%
- Days to cover (reported) 22.27
Reported to FINRA as of the 2026-07-31 settlement date. Short interest is reported to FINRA and published on a delayed, bi-monthly schedule (as of a settlement date, disseminated roughly eight business days later) — it is NOT real-time, does not cover every venue or all US trading, and is not a short-squeeze prediction or investment advice. Days-to-cover is the value FINRA reports; percent of float is not shown because the source file carries no share-count denominator — where a percent appears it is of shares OUTSTANDING, the larger base, and is therefore a floor on percent of float. Informational only — not financial advice.
Competitors & peers
- Sully Solutions
- American Residential Services (part of Berkshire Hathaway)
- ServiceMaster (SMFL)
- Lennox International
AI-enriched competitor set. Linked names are companies covered by stocks-llm; other named peers are shown for reference only.
Compare KWY vs…
Frequently asked questions
What does KINGSWAY CORP (KWY) do?
Kingsway Financial Services is a holding company that acquires and operates small-to-mid-market B2B and B2C service businesses, primarily in business services and extended warranty sectors. The company employs a decentralized "Search Fund" model to identify, acquire, and grow asset-light companies with recurring revenues across the United States.
What sector is KINGSWAY CORP (KWY) in?
KINGSWAY CORP (KWY) is classified in the Financials sector. Its industry is Search fund holding company / diversified business services. It trades on NYSE.
Does KWY pay a dividend?
Yes — KINGSWAY CORP (KWY) pays a dividend, with an indicated yield of about 0.41% (market data, as of 2026-08-24). Informational only — not financial advice.
Who are KINGSWAY CORP's (KWY) competitors?
Notable peers of KINGSWAY CORP (KWY) include Sully Solutions, American Residential Services (part of Berkshire Hathaway), ServiceMaster and Lennox International. This peer set is informational only — not financial advice.
Is KINGSWAY CORP (KWY) overbought or oversold right now?
KINGSWAY CORP (KWY) is currently neither overbought nor oversold — its 14-day RSI (a 0–100 momentum gauge) is 63, in the neutral middle (as of 2026-08-21). RSI describes recent price momentum, not a forecast — informational only, not financial advice.
Where does stocks-llm's data on KWY come from?
Fundamentals and prices come from market data, as of 2026-08-24; company filings and profile facts come from SEC EDGAR. All figures are delayed daily-close data shown with their as-of date — informational only, not financial advice.
Fundamentals: market data, as of 2026-08-24. Filings: SEC EDGAR. Prices are delayed daily-close data.
Last updated 2026-08-21.
Informational only — NOT financial advice. All figures are delayed daily-close data from SEC EDGAR & market data, shown with their as-of date.