Director D'Andre Carla buys 4,000 shares for $43,920.00 at blended avg $10.98; cluster of 3 other insiders also bought in past 14 days.
D'Andre Carla, a director at Kingstone Companies, executed four separate purchases totaling 4,000 shares for $43,920.00 on 2024-11-15, establishing an initial position at a blended average price of $10.98. The stock currently trades at $13.29, at its 52-week high, after gaining 35.8% over the past 30 days and 32.9% over the past 90 days. A cluster of 3 other insiders also bought within the same 14-day window, indicating synchronized accumulation activity. The company shows modest fundamentals—$40.8M latest quarterly revenue with $7.0M net income and a favorable 10.38 P/E—though it was unprofitable over its most recent full fiscal year. This coordinated buying pattern by multiple insiders against a backdrop of sharply rising stock price and recent unprofitability warrants careful tracking of whether the buying reflects a turnaround signal or other strategic positioning.