David Capital Partners Reports 900,000 Shares of Kingsway Financial

TL;DR

**David Capital Partners holds 900,000 shares of Kingsway Financial, showing continued institutional interest.**

AI Summary

David Capital Partners, LLC, a Chicago-based investment firm, filed an amended SC 13G/A on January 12, 2024, disclosing its beneficial ownership of 900,000 shares of Kingsway Financial Services Inc. common stock as of December 31, 2023. This filing indicates David Capital Partners holds sole voting power over these shares. This matters to investors because it shows a significant institutional holder's continued, or potentially adjusted, stake in Kingsway Financial, which can influence market perception and liquidity.

Why It Matters

This filing reveals a major institutional investor's current stake in Kingsway Financial Services, signaling their conviction in the company's prospects and potentially influencing other investors' decisions.

Risk Assessment

Risk Level: low — This is a routine amendment to a beneficial ownership report, indicating no immediate new risks but rather a disclosure of an existing position.

Analyst Insight

Investors should note David Capital Partners' continued significant stake in Kingsway Financial Services, which could be a positive signal, but should conduct their own due diligence on the company's fundamentals before making investment decisions.

Key Numbers

• 900,000 — Shares Beneficially Owned (Represents the total number of Kingsway Financial Services Inc. common stock shares David Capital Partners, LLC has sole voting power over as of December 31, 2023.)
• December 31, 2023 — Date of Event (The date as of which the beneficial ownership information was reported in the filing.)
• January 12, 2024 — Filing Date (The date the SC 13G/A amendment was filed with the SEC.)
• 496904202 — CUSIP Number (The unique identification number for Kingsway Financial Services Inc. common stock.)

Key Players & Entities

• David Capital Partners, LLC (company) — the reporting person and beneficial owner of shares
• Kingsway Financial Services Inc. (company) — the issuer of the securities
• DAVID CAPITAL PARTNERS FUND, LP (company) — a group member associated with the filing
• PLEIADES INVESTMENT PARTNERS DC, LP (company) — a group member associated with the filing
• Illinois (place) — place of organization for David Capital Partners, LLC

Forward-Looking Statements

• David Capital Partners, LLC will maintain a significant stake in Kingsway Financial Services Inc. for the foreseeable future. (David Capital Partners, LLC) — medium confidence, target: December 31, 2024

FAQ

Key Financial Figures

• $0.01 — f Securities: Common Stock, par value $0.01 per share ("Common Stock") CUSIP No. 4

Filing Documents

• davidcap_sc13ga-123123.htm (SC 13G/A) — 73KB
• 0001999371-24-000407.txt ( ) — 75KB

(a)

Item 1(a). Name of Issuer: Kingsway Financial Services Inc (the " Issuer ")

(b)

Item 1(b). Address of Issuer's Principal Executive Offices: 10 S Riverside Plaza, Suite 1520 Chicago, IL 60606

(a)

Item 2(a). Name of Person Filing: David Capital Partners, LLC (the "Reporting Person"), in its role as investment manager to a private investment fund (the "Fund") to which it furnishes investment advice, may be deemed to beneficially own 900,000 Ordinary Shares of the Issuer Common Stock held in the Fund. The Reporting Person expressly disclaims beneficial ownership of all securities held in the Fund.

(b)

Item 2(b). Address of Principal Business Office or, if none, Residence: The principal business address of each of the Reporting Persons is as follows: The registered office of David Capital Partners, LLC, David Capital Partners Fund, LP is 737 N. Michigan Avenue, Suite 1405, Chicago, Illinois 60611

(c)

Item 2(c). Citizenship: See response to Item 4 of each of the cover pages.

(d)

Item 2(d). Titles of Classes of Securities: Common Stock, par value $0.01 per share ("Common Stock") CUSIP No. 496904202 13G Page 6 of 8

(e)

Item 2(e). CUSIP Number: 496904202 Item 3. If This Statement is Filed Pursuant to Rule 13d-1(b), or 13d-2(b) or (c), Check Whether the Person Filing is a(n): (a) Broker or dealer registered under Section 15 of the Exchange Act (15 U.S.C. 78o). (b) Bank as defined in Section 3(a)(6) of the Exchange Act (15 U.S.C. 78c). (c) Insurance company as defined in Section 3(a)(19) of the Exchange Act (15 U.S.C. 78c). (d) Investment company registered under Section 8 of the Investment Company Act of 1940 (15 U.S.C 80a-8). (e) Investment adviser in accordance with §240.13d-1(b)(1)(ii)(E). (f) Employee benefit plan or endowment fund in accordance with §240.13d-1(b)(1)(ii)(F). (g) Parent holding company or control person in accordance with §240.13d-1(b)(1)(ii)(G). (h) Savings association as defined in Section 3(b) of the Federal Deposit Insurance Act (13 U.S.C. 1813). (i) Church plan that is excluded from the definition of an investment company under Section 3(c)(14) of the Investment Company Act (15 U.S.C. 80a-3). (j) Non-U.S. institution in accordance with §240.13d-1(b)(1)(ii)(J). (k) Group in accordance with §240.13d-1(b)(1)(ii)(K). If filing as a non-U.S. institution in accordance with §240.13d-1(b)(1)(ii)(J), please specify the type of institution: Item 4. (a) Amount Beneficially Owned: See responses to Item 9 on each cover page. (b) Percent of Class: See responses to Item 11 on each cover page. (c) Number of shares as to which such person has: (i) Sole power to vote or to direct the vote: See responses to Item 5 on each cover page. (ii) Shared power to vote or to direct the vote: See responses to Item 6 on each cover page. (iii) Sole power to dispose or to direct the disposition of: See responses to Item 7 on each cover page. (iv) Shared power to dispose or to direct the disposition of: See responses to Item 8 on each cover page. CUSIP No. 496904202 13G

View Full Filing

View this SC 13G/A filing on SEC EDGAR