Shares of Atlas Financial Holdings, Inc. (NASDAQ:AFH) have been assigned an average recommendation of “Hold” from the six brokerages that are currently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $18.00.
Several research firms recently commented on AFH. Boenning Scattergood reissued a “buy” rating on shares of Atlas Financial Holdings in a research note on Tuesday, August 8th. Zacks Investment Research cut Atlas Financial Holdings from a “hold” rating to a “sell” rating in a research note on Monday. ValuEngine raised Atlas Financial Holdings from a “sell” rating to a “hold” rating in a research note on Friday, September 22nd. Finally, TheStreet raised Atlas Financial Holdings from a “c” rating to a “b-” rating in a research note on Friday, August 18th.
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In related news, insider Kingsway America Inc sold 5,101 shares of the business’s stock in a transaction on Thursday, September 14th. The stock was sold at an average price of $17.23, for a total transaction of $87,890.23. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders have sold a total of 100,000 shares of company stock valued at $1,665,780 over the last three months. 12.70% of the stock is currently owned by insiders.
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Wasatch Advisors Inc. lifted its holdings in Atlas Financial Holdings by 1.1% during the 2nd quarter. Wasatch Advisors Inc. now owns 690,709 shares of the insurance provider’s stock worth $10,292,000 after buying an additional 7,190 shares during the last quarter. State Street Corp lifted its holdings in Atlas Financial Holdings by 5.5% during the 2nd quarter. State Street Corp now owns 166,521 shares of the insurance provider’s stock worth $2,479,000 after buying an additional 8,738 shares during the last quarter. Goldman Sachs Group Inc. purchased a new stake in Atlas Financial Holdings during the 2nd quarter worth about $151,000. Dimensional Fund Advisors LP lifted its holdings in Atlas Financial Holdings by 31.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 268,143 shares of the insurance provider’s stock worth $3,995,000 after buying an additional 64,629 shares during the last quarter. Finally, Citadel Advisors LLC purchased a new stake in Atlas Financial Holdings during the 2nd quarter worth about $161,000. 79.06% of the stock is owned by institutional investors.
Shares of Atlas Financial Holdings (NASDAQ AFH) traded up 1.55% during trading on Thursday, reaching $19.70. The company’s stock had a trading volume of 16,221 shares. The stock has a 50 day moving average of $18.29 and a 200-day moving average of $15.55. The company has a market capitalization of $236.99 million, a PE ratio of 79.76 and a beta of 0.89. Atlas Financial Holdings has a 1-year low of $12.15 and a 1-year high of $20.35.
Atlas Financial Holdings (NASDAQ:AFH) last issued its quarterly earnings data on Monday, August 7th. The insurance provider reported $0.72 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.42 by $0.30. Atlas Financial Holdings had a negative return on equity of 3.32% and a net margin of 1.67%. The business had revenue of $55.70 million during the quarter, compared to analysts’ expectations of $58.50 million. On average, analysts expect that Atlas Financial Holdings will post $1.65 earnings per share for the current year.
Atlas Financial Holdings Company Profile
Atlas Financial Holdings Inc formerly JJR VI Acquisition Corp is a Canada-based company. It is engaged in the business of providing commercial automobile insurance in the United States with a niche market orientation. The Company’s automobile insurance products provide coverage in three areas: liability, accident benefits and physical damage.
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