Atlas Financial Holdings, Inc. (NASDAQ:AFH) insider Kingsway America Inc sold 33,684 shares of the stock in a transaction that occurred on Monday, August 28th. The stock was sold at an average price of $16.72, for a total transaction of $563,196.48. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

Kingsway America Inc also recently made the following trade(s):

  • On Thursday, August 24th, Kingsway America Inc sold 16,316 shares of Atlas Financial Holdings stock. The stock was sold at an average price of $16.51, for a total transaction of $269,377.16.
  • On Tuesday, August 22nd, Kingsway America Inc sold 20,000 shares of Atlas Financial Holdings stock. The stock was sold at an average price of $16.20, for a total transaction of $324,000.00.
  • On Thursday, June 29th, Kingsway America Inc sold 28,191 shares of Atlas Financial Holdings stock. The stock was sold at an average price of $15.10, for a total transaction of $425,684.10.

Atlas Financial Holdings, Inc. (AFH) opened at 16.80 on Tuesday. Atlas Financial Holdings, Inc. has a 52 week low of $12.15 and a 52 week high of $18.40. The stock has a 50 day moving average of $15.45 and a 200-day moving average of $14.53. The stock has a market cap of $202.10 million, a P/E ratio of 68.02 and a beta of 0.88.

Atlas Financial Holdings (NASDAQ:AFH) last released its earnings results on Monday, August 7th. The insurance provider reported $0.72 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.42 by $0.30. Atlas Financial Holdings had a negative return on equity of 3.32% and a net margin of 1.67%. The firm had revenue of $55.70 million for the quarter, compared to analysts’ expectations of $58.50 million. Analysts forecast that Atlas Financial Holdings, Inc. will post $1.66 earnings per share for the current year.

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AFH has been the topic of a number of research reports. Sandler O’Neill raised shares of Atlas Financial Holdings from a “hold” rating to a “buy” rating in a research note on Wednesday, May 10th. JMP Securities initiated coverage on shares of Atlas Financial Holdings in a research note on Wednesday, May 24th. They issued an “outperform” rating and a $18.00 target price on the stock. Boenning Scattergood initiated coverage on shares of Atlas Financial Holdings in a research note on Tuesday, June 13th. They issued an “outperform” rating and a $19.00 target price on the stock. ValuEngine downgraded shares of Atlas Financial Holdings from a “hold” rating to a “sell” rating in a research note on Friday, June 16th. Finally, Zacks Investment Research raised shares of Atlas Financial Holdings from a “hold” rating to a “strong-buy” rating and set a $19.00 target price on the stock in a research note on Tuesday, August 15th. One research analyst has rated the stock with a sell rating, three have given a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $18.67.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in AFH. Prudential Financial Inc. boosted its stake in Atlas Financial Holdings by 48.4% in the first quarter. Prudential Financial Inc. now owns 35,835 shares of the insurance provider’s stock valued at $489,000 after buying an additional 11,683 shares during the period. Essex Investment Management Co. LLC purchased a new stake in Atlas Financial Holdings during the second quarter valued at $1,538,000. Great Lakes Advisors LLC boosted its stake in Atlas Financial Holdings by 54.0% in the first quarter. Great Lakes Advisors LLC now owns 218,057 shares of the insurance provider’s stock valued at $2,976,000 after buying an additional 76,428 shares during the period. Granite Investment Partners LLC purchased a new stake in Atlas Financial Holdings during the second quarter valued at $1,422,000. Finally, Globeflex Capital L P purchased a new stake in Atlas Financial Holdings during the first quarter valued at $592,000. Hedge funds and other institutional investors own 79.41% of the company’s stock.

About Atlas Financial Holdings

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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