Atlas Financial Holdings (AFH) Given Consensus Rating of “Hold” by Analysts

Shares of Atlas Financial Holdings (NASDAQ:AFH) have been assigned a consensus rating of “Hold” from the seven analysts that are covering the company, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, two have issued a hold recommendation and two have given a buy recommendation to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $18.00.

AFH has been the subject of a number of recent analyst reports. Zacks Investment Research cut shares of Atlas Financial from a “hold” rating to a “strong sell” rating in a research note on Tuesday, March 6th. Sandler O’Neill cut shares of Atlas Financial from a “buy” rating to a “hold” rating in a research note on Monday, March 12th. Boenning Scattergood reaffirmed a “hold” rating on shares of Atlas Financial in a research note on Tuesday, April 3rd. BidaskClub cut shares of Atlas Financial from a “buy” rating to a “hold” rating in a research note on Thursday, January 11th. Finally, TheStreet cut shares of Atlas Financial from a “b-” rating to a “c” rating in a research note on Friday, March 2nd.

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A number of institutional investors and hedge funds have recently made changes to their positions in AFH. Northpointe Capital LLC lifted its holdings in Atlas Financial by 70.9% during the 4th quarter. Northpointe Capital LLC now owns 262,116 shares of the insurance provider’s stock valued at $5,386,000 after buying an additional 108,705 shares in the last quarter. Pacific Ridge Capital Partners LLC lifted its holdings in Atlas Financial by 25.5% during the 4th quarter. Pacific Ridge Capital Partners LLC now owns 171,230 shares of the insurance provider’s stock valued at $3,519,000 after buying an additional 34,840 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in Atlas Financial by 12.2% during the 3rd quarter. Dimensional Fund Advisors LP now owns 300,806 shares of the insurance provider’s stock valued at $5,685,000 after buying an additional 32,663 shares in the last quarter. Renaissance Technologies LLC lifted its holdings in Atlas Financial by 27.3% during the 4th quarter. Renaissance Technologies LLC now owns 94,600 shares of the insurance provider’s stock valued at $1,944,000 after buying an additional 20,300 shares in the last quarter. Finally, Unison Advisors LLC bought a new stake in Atlas Financial during the 4th quarter valued at about $395,000. Institutional investors own 82.09% of the company’s stock.

Shares of AFH stock traded up $0.10 during trading hours on Thursday, reaching $11.50. 5,635 shares of the stock were exchanged, compared to its average volume of 99,605. Atlas Financial has a 12-month low of $9.90 and a 12-month high of $21.50. The company has a quick ratio of 0.51, a current ratio of 0.51 and a debt-to-equity ratio of 0.27.

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Atlas Financial Company Profile

Atlas Financial Holdings, Inc, through its subsidiaries, engages in underwriting commercial automobile insurance policies in the United States. Its automobile insurance products provide insurance coverage in three primary areas, including liability, accident benefits, and physical damage. The company focuses on the light commercial automobile sector, including taxi cabs, non-emergency para-transit, limousine, livery, and business autos.

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