Kingsway Corp director Joshua Horowitz buys $89,483 in shares

Kingsway Corp (NYSE:KWY) director Joshua Horowitz recently bolstered his indirect stake in the company by acquiring $89,483 worth of shares. This purchase took place over a three-day period, August 18 to August 20, 2026. Horowitz, an owner of 10% of the common stock through his position with Palm Global Small Cap Master Fund LP, made three separate purchases of the company's shares.

On August 18, he bought 1,300 shares at $9.75 each. The following day, he added 7,034 shares at an average price of $9.8384 per share. On August 20, a final purchase of 769 shares was made at $9.89 per share. These shares are indirectly held through Palm Global Small Cap Master Fund LP. Horowitz’s total indirect beneficial ownership of common stock through this fund now stands at 381,103 shares.

In addition, he personally holds 32,500 shares of common stock. The company, currently valued at $286 million, has seen a 25% year-to-date decline. Despite this, an analysis by InvestingPro indicates that KWY may be overvalued at the moment. As of the filing, Horowitz’s indirect beneficial ownership of KWY common stock totaled 381,103 shares.

Additionally, he holds 14,000 shares of Class D Preferred Stock, which is convertible into common stock at a rate of 2.6316 shares of common stock for each preferred share. The preferred shares are set to be redeemed by the company on May 8, 2032. Kingsway Corp has reported a robust second quarter for 2026, with revenue up by 27.6% to $39.4 million.

The company's adjusted EBITDA more than tripled, reaching $5.2 million, and it reported a net income of $200,000, marking a shift from a $3.2 million loss the previous year.