Atlas Financial Holdings Inc (AFH) Receives Average Rating of “Hold” from Analysts

Atlas Financial Holdings Inc (NASDAQ:AFH) has earned an average rating of “Hold” from the six ratings firms that are currently covering the company, MarketBeat reports. Three investment analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 12 month price target among brokers that have covered the stock in the last year is $10.00.

A number of analysts have recently issued reports on the company. ValuEngine raised Atlas Financial from a “sell” rating to a “hold” rating in a research note on Thursday, August 9th. Zacks Investment Research lowered Atlas Financial from a “buy” rating to a “hold” rating in a research note on Tuesday, October 9th. Finally, Boenning Scattergood raised Atlas Financial from a “neutral” rating to an “outperform” rating and set a $10.00 price target on the stock in a research note on Tuesday, August 7th.

Shares of NASDAQ:AFH opened at $10.03 on Monday. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 0.25. The company has a market capitalization of $114.71 million, a PE ratio of -2.77 and a beta of 1.06. Atlas Financial has a 1 year low of $8.05 and a 1 year high of $21.50.

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

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Ariel Investments LLC boosted its stake in Atlas Financial by 22.6% during the second quarter. Ariel Investments LLC now owns 1,629,226 shares of the insurance provider’s stock worth $14,256,000 after buying an additional 299,919 shares during the last quarter. Tieton Capital Management LLC boosted its stake in Atlas Financial by 42.1% during the second quarter. Tieton Capital Management LLC now owns 608,410 shares of the insurance provider’s stock worth $5,324,000 after buying an additional 180,200 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in Atlas Financial by 20.9% during the second quarter. Dimensional Fund Advisors LP now owns 461,970 shares of the insurance provider’s stock worth $4,042,000 after buying an additional 79,943 shares during the last quarter. Granahan Investment Management Inc. MA boosted its stake in Atlas Financial by 25.9% during the second quarter. Granahan Investment Management Inc. MA now owns 349,284 shares of the insurance provider’s stock worth $3,056,000 after buying an additional 71,802 shares during the last quarter. Finally, Renaissance Technologies LLC boosted its stake in Atlas Financial by 44.3% during the second quarter. Renaissance Technologies LLC now owns 207,212 shares of the insurance provider’s stock worth $1,813,000 after buying an additional 63,629 shares during the last quarter. 76.62% of the stock is currently owned by institutional investors.

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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