132,299 Shares in Atlas Financial Holdings Inc (AFH) Purchased by Millennium Management LLC

Millennium Management LLC bought a new position in shares of Atlas Financial Holdings Inc (NASDAQ:AFH) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 132,299 shares of the insurance provider’s stock, valued at approximately $1,158,000. Millennium Management LLC owned 1.11% of Atlas Financial at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Ariel Investments LLC raised its position in shares of Atlas Financial by 22.6% during the second quarter. Ariel Investments LLC now owns 1,629,226 shares of the insurance provider’s stock valued at $14,256,000 after buying an additional 299,919 shares during the last quarter. Tieton Capital Management LLC raised its position in shares of Atlas Financial by 42.1% during the second quarter. Tieton Capital Management LLC now owns 608,410 shares of the insurance provider’s stock valued at $5,324,000 after buying an additional 180,200 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of Atlas Financial by 20.9% during the second quarter. Dimensional Fund Advisors LP now owns 461,970 shares of the insurance provider’s stock valued at $4,042,000 after buying an additional 79,943 shares during the last quarter. Renaissance Technologies LLC raised its position in shares of Atlas Financial by 44.3% during the second quarter. Renaissance Technologies LLC now owns 207,212 shares of the insurance provider’s stock valued at $1,813,000 after buying an additional 63,629 shares during the last quarter. Finally, United Services Automobile Association raised its position in shares of Atlas Financial by 35.2% during the second quarter. United Services Automobile Association now owns 195,400 shares of the insurance provider’s stock valued at $1,710,000 after buying an additional 50,900 shares during the last quarter. Institutional investors own 76.62% of the company’s stock.

AFH stock opened at $10.03 on Friday. Atlas Financial Holdings Inc has a fifty-two week low of $8.05 and a fifty-two week high of $21.50. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.56 and a quick ratio of 0.56.

Atlas Financial (NASDAQ:AFH) last posted its earnings results on Monday, August 6th. The insurance provider reported $0.47 earnings per share for the quarter, beating analysts’ consensus estimates of $0.44 by $0.03. Atlas Financial had a negative net margin of 16.52% and a negative return on equity of 43.63%. The firm had revenue of $56.73 million during the quarter, compared to analyst estimates of $57.30 million. On average, research analysts anticipate that Atlas Financial Holdings Inc will post 1.7 EPS for the current fiscal year.

Several equities research analysts have recently issued reports on the stock. ValuEngine upgraded shares of Atlas Financial from a “sell” rating to a “hold” rating in a research report on Thursday, August 9th. Zacks Investment Research cut shares of Atlas Financial from a “buy” rating to a “hold” rating in a research report on Tuesday, October 9th. Finally, Boenning Scattergood upgraded shares of Atlas Financial from a “neutral” rating to an “outperform” rating and set a $10.00 price objective on the stock in a research report on Tuesday, August 7th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Atlas Financial currently has a consensus rating of “Hold” and a consensus target price of $15.33.

Atlas Financial 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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Institutional Ownership by Quarter for Atlas Financial (NASDAQ:AFH)

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