Atlas Financial Holdings Inc (NASDAQ:AFH) Director John Taylor Maloney Fitzgerald acquired 6,000 shares of the stock in a transaction that occurred on Thursday, June 28th. The shares were bought at an average price of $8.90 per share, for a total transaction of $53,400.00. Following the transaction, the director now owns 50,354 shares of the company’s stock, valued at $448,150.60. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.
Atlas Financial traded up $0.15, reaching $8.80, during trading hours on Friday, MarketBeat Ratings reports. 1,128 shares of the company were exchanged, compared to its average volume of 170,528. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.55 and a current ratio of 0.55. The stock has a market capitalization of $109.82 million, a PE ratio of -2.39 and a beta of 1.16. Atlas Financial Holdings Inc has a twelve month low of $8.55 and a twelve month high of $21.50.
Atlas Financial (NASDAQ:AFH) last announced its quarterly earnings data on Monday, April 2nd. The insurance provider reported ($5.57) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($3.91) by ($1.66). The firm had revenue of $58.99 million during the quarter, compared to analysts’ expectations of $59.40 million. Atlas Financial had a negative net margin of 16.63% and a negative return on equity of 38.43%. research analysts forecast that Atlas Financial Holdings Inc will post 1.65 earnings per share for the current year.
Hedge funds have recently made changes to their positions in the business. Messner & Smith Theme Value Investment Management Ltd. CA acquired a new position in Atlas Financial in the 1st quarter valued at about $1,086,000. Tieton Capital Management LLC raised its position in shares of Atlas Financial by 26.0% during the 1st quarter. Tieton Capital Management LLC now owns 428,210 shares of the insurance provider’s stock valued at $4,432,000 after acquiring an additional 88,330 shares in the last quarter. Punch & Associates Investment Management Inc. increased its position in Atlas Financial by 60.3% in the first quarter. Punch & Associates Investment Management Inc. now owns 197,000 shares of the insurance provider’s stock worth $2,039,000 after buying an additional 74,097 shares during the period. Dimensional Fund Advisors LP increased its position in Atlas Financial by 14.2% in the first quarter. Dimensional Fund Advisors LP now owns 382,027 shares of the insurance provider’s stock worth $3,954,000 after buying an additional 47,634 shares during the period. Finally, Wasatch Advisors Inc. grew its stake in shares of Atlas Financial by 6.0% in the first quarter. Wasatch Advisors Inc. now owns 818,652 shares of the insurance provider’s stock worth $8,473,000 after purchasing an additional 46,411 shares in the last quarter. 80.97% of the stock is owned by institutional investors.
Several research firms have weighed in on AFH. ValuEngine downgraded shares of Atlas Financial from a “hold” rating to a “sell” rating in a research report on Friday, June 22nd. Zacks Investment Research downgraded shares of Atlas Financial from a “buy” rating to a “hold” rating in a research report on Thursday, May 3rd. Finally, Boenning Scattergood reiterated a “hold” rating on shares of Atlas Financial in a research report on Tuesday, May 8th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $18.00.
About Atlas Financial
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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