ValuEngine cut shares of Atlas Financial (NASDAQ:AFH) from a sell rating to a strong sell rating in a research note published on Wednesday, March 7th.
A number of other equities analysts have also weighed in on AFH. Sandler O’Neill reiterated a buy rating and issued a $24.00 price target on shares of Atlas Financial in a research report on Wednesday, January 10th. BidaskClub downgraded shares of Atlas Financial from a buy rating to a hold rating in a research note on Thursday, January 11th. Zacks Investment Research downgraded shares of Atlas Financial from a strong-buy rating to a hold rating in a research note on Tuesday, February 20th. Boenning Scattergood downgraded shares of Atlas Financial from an outperform rating to a neutral rating in a research note on Friday, March 2nd. Finally, TheStreet cut shares of Atlas Financial from a b- rating to a c rating in a report on Friday, March 2nd. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the stock. The stock currently has a consensus rating of Hold and an average price target of $20.75.
Shares of Atlas Financial (NASDAQ:AFH) traded up $0.05 during trading on Wednesday, reaching $12.80. 97,052 shares of the company’s stock traded hands, compared to its average volume of 84,528. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.59 and a quick ratio of 0.59. Atlas Financial has a twelve month low of $10.60 and a twelve month high of $21.50. The stock has a market capitalization of $149.62, a PE ratio of 91.08 and a beta of 0.90.
In related news, VP Paul Anthony Romano, Jr. sold 2,991 shares of the business’s stock in a transaction dated Thursday, December 21st. The shares were sold at an average price of $18.75, for a total value of $56,081.25. Following the sale, the vice president now directly owns 77,655 shares in the company, valued at approximately $1,456,031.25. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Scott D. Wollney sold 4,852 shares of the business’s stock in a transaction dated Thursday, December 21st. The stock was sold at an average price of $18.75, for a total transaction of $90,975.00. Following the sale, the chief executive officer now owns 340,524 shares in the company, valued at $6,384,825. The disclosure for this sale can be found here. Insiders sold a total of 11,546 shares of company stock worth $216,488 in the last three months. 13.30% of the stock is owned by corporate insiders.
A number of institutional investors and hedge funds have recently made changes to their positions in AFH. Wells Fargo & Company MN raised its stake in shares of Atlas Financial by 3.3% during the second quarter. Wells Fargo & Company MN now owns 37,829 shares of the insurance provider’s stock worth $563,000 after purchasing an additional 1,211 shares during the last quarter. Teachers Advisors LLC raised its stake in shares of Atlas Financial by 16.6% during the second quarter. Teachers Advisors LLC now owns 20,463 shares of the insurance provider’s stock worth $305,000 after purchasing an additional 2,914 shares during the last quarter. TIAA CREF Investment Management LLC raised its position in Atlas Financial by 35.5% in the second quarter. TIAA CREF Investment Management LLC now owns 40,070 shares of the insurance provider’s stock worth $597,000 after acquiring an additional 10,500 shares in the last quarter. Northern Trust Corp raised its position in Atlas Financial by 6.6% in the second quarter. Northern Trust Corp now owns 116,721 shares of the insurance provider’s stock worth $1,739,000 after acquiring an additional 7,251 shares in the last quarter. Finally, Vanguard Group Inc. raised its position in Atlas Financial by 11.0% in the second quarter. Vanguard Group Inc. now owns 457,267 shares of the insurance provider’s stock worth $6,813,000 after acquiring an additional 45,156 shares in the last quarter. 80.82% of the stock is owned by hedge funds and other institutional investors.
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Atlas Financial 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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