Atlas Financial Holdings Inc to Post FY2020 Earnings of $0.65 Per Share, Piper Sandler Forecasts (NASDAQ:AFH)

Atlas Financial Holdings Inc (NASDAQ:AFH) – Equities research analysts at Piper Sandler issued their FY2020 earnings per share estimates for Atlas Financial in a report released on Tuesday, January 14th. Piper Sandler analyst P. Newsome anticipates that the insurance provider will post earnings per share of $0.65 for the year.

Shares of NASDAQ:AFH traded down $0.01 during trading on Friday, hitting $0.60. The company’s stock had a trading volume of 2,900 shares, compared to its average volume of 147,309. The business has a 50 day moving average price of $0.48 and a two-hundred day moving average price of $0.49. Atlas Financial has a fifty-two week low of $0.33 and a fifty-two week high of $10.44.

Large investors have recently bought and sold shares of the business. Renaissance Technologies LLC lifted its position in shares of Atlas Financial by 177.8% during the 2nd quarter. Renaissance Technologies LLC now owns 956,529 shares of the insurance provider’s stock worth $694,000 after purchasing an additional 612,211 shares during the last quarter. A.R.T. Advisors LLC purchased a new stake in shares of Atlas Financial during the 2nd quarter worth $29,000. Finally, Susquehanna International Group LLP lifted its position in shares of Atlas Financial by 68.0% during the 2nd quarter. Susquehanna International Group LLP now owns 76,301 shares of the insurance provider’s stock worth $55,000 after purchasing an additional 30,885 shares during the last quarter. Institutional investors and hedge funds own 16.64% of the company’s stock.

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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