Shares of Atlas Financial Holdings Inc (NASDAQ:AFH) have received a consensus rating of “Hold” from the seven research firms that are presently covering the firm, Marketbeat.com reports. Two analysts have rated the stock with a sell recommendation, two have given a hold recommendation and two have issued a buy recommendation on the company. The average twelve-month target price among brokers that have covered the stock in the last year is $18.00.
AFH has been the topic of several research analyst reports. Zacks Investment Research lowered shares of Atlas Financial from a “hold” rating to a “strong sell” rating in a research report on Tuesday, March 6th. ValuEngine lowered shares of Atlas Financial from a “sell” rating to a “strong sell” rating in a research report on Wednesday, March 7th. Sandler O’Neill lowered shares of Atlas Financial from a “buy” rating to a “hold” rating in a research report on Monday, March 12th. BidaskClub raised shares of Atlas Financial from a “hold” rating to a “buy” rating in a research report on Wednesday, January 24th. Finally, Boenning Scattergood lowered shares of Atlas Financial from an “outperform” rating to a “neutral” rating in a research report on Friday, March 2nd.
Shares of AFH stock traded down $0.05 during mid-day trading on Friday, reaching $11.75. 3,909 shares of the company’s stock were exchanged, compared to its average volume of 87,803. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 0.17. Atlas Financial has a 12-month low of $10.60 and a 12-month high of $21.50.
In related news, CEO Scott D. Wollney sold 4,852 shares of the firm’s stock in a transaction dated Thursday, December 21st. The shares were sold at an average price of $18.75, for a total transaction of $90,975.00. Following the transaction, the chief executive officer now directly owns 340,524 shares of the company’s stock, valued at $6,384,825. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, VP Paul Anthony Romano, Jr. sold 2,991 shares of the firm’s stock in a transaction dated Thursday, December 21st. The stock was sold at an average price of $18.75, for a total transaction of $56,081.25. Following the transaction, the vice president now directly owns 77,655 shares in the company, valued at $1,456,031.25. The disclosure for this sale can be found here. Insiders sold 10,839 shares of company stock worth $203,231 over the last three months. Insiders own 13.30% of the company’s stock.
Large investors have recently added to or reduced their stakes in the stock. Pacific Ridge Capital Partners LLC increased its position in Atlas Financial by 25.5% during the fourth quarter. Pacific Ridge Capital Partners LLC now owns 171,230 shares of the insurance provider’s stock worth $3,519,000 after acquiring an additional 34,840 shares during the period. Vanguard Group Inc. grew its stake in Atlas Financial by 11.0% during the second quarter. Vanguard Group Inc. now owns 457,267 shares of the insurance provider’s stock worth $6,813,000 after buying an additional 45,156 shares in the last quarter. GMT Capital Corp acquired a new stake in Atlas Financial during the third quarter worth about $902,000. Dimensional Fund Advisors LP grew its stake in Atlas Financial by 31.8% during the second quarter. Dimensional Fund Advisors LP now owns 268,143 shares of the insurance provider’s stock worth $3,995,000 after buying an additional 64,629 shares in the last quarter. Finally, Kennedy Capital Management Inc. grew its stake in Atlas Financial by 6.3% during the fourth quarter. Kennedy Capital Management Inc. now owns 126,882 shares of the insurance provider’s stock worth $2,607,000 after buying an additional 7,528 shares in the last quarter. 80.54% of the stock is currently owned by institutional investors and hedge funds.
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About Atlas Financial
Atlas Financial Holdings Inc formerly JJR VI Acquisition Corp is a Canada-based company. It is engaged in the business of providing commercial automobile insurance in the United States with a niche market orientation. The Company’s automobile insurance products provide coverage in three areas: liability, accident benefits and physical damage.
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