Atlas Financial Holdings, Inc. (AFH) Sets New 1-Year High at $18.80
Shares of Atlas Financial Holdings, Inc. (NASDAQ:AFH) hit a new 52-week high during mid-day trading on Monday . The company traded as high as $18.80 and last traded at $0.00, with a volume of shares.
AFH has been the topic of a number of recent research reports. Boenning Scattergood initiated coverage on Atlas Financial Holdings in a report on Tuesday, June 13th. They set an “outperform” rating and a $19.00 price objective on the stock. ValuEngine cut Atlas Financial Holdings from a “hold” rating to a “sell” rating in a report on Friday, June 16th. Zacks Investment Research raised Atlas Financial Holdings from a “hold” rating to a “strong-buy” rating and set a $19.00 price target on the stock in a report on Tuesday, August 15th. Finally, TheStreet raised Atlas Financial Holdings from a “c” rating to a “b-” rating in a report on Friday, August 18th. One analyst has rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $18.67.
Atlas Financial Holdings (NASDAQ:AFH) last announced its quarterly earnings data on Monday, August 7th. The insurance provider reported $0.72 EPS for the quarter, beating the Thomson Reuters’ 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 business had revenue of $55.70 million for the quarter, compared to the consensus estimate of $58.50 million.
In other news, insider Kingsway America Inc sold 28,191 shares of the business’s stock in a transaction dated Thursday, June 29th. The stock was sold at an average price of $15.10, for a total value of $425,684.10. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Walter Frederick Walker acquired 5,000 shares of the stock in a transaction dated Tuesday, July 11th. The stock was acquired at an average price of $14.08 per share, for a total transaction of $70,400.00. The disclosure for this purchase can be found here. Insiders sold 128,191 shares of company stock worth $2,091,464 over the last 90 days. Company insiders own 12.70% of the company’s stock.
Institutional investors have recently made changes to their positions in the company. Pacific Ridge Capital Partners LLC purchased a new position in shares of Atlas Financial Holdings in the second quarter valued at about $1,582,000. Prudential Financial Inc. lifted its position in shares of Atlas Financial Holdings by 48.4% in the first quarter. Prudential Financial Inc. now owns 35,835 shares of the insurance provider’s stock worth $489,000 after buying an additional 11,683 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Atlas Financial Holdings by 15.9% in the first quarter. Dimensional Fund Advisors LP now owns 203,514 shares of the insurance provider’s stock worth $2,778,000 after buying an additional 27,961 shares in the last quarter. Essex Investment Management Co. LLC purchased a new stake in shares of Atlas Financial Holdings in the second quarter worth about $1,538,000. Finally, Granite Investment Partners LLC purchased a new stake in shares of Atlas Financial Holdings in the second quarter worth about $1,422,000. Institutional investors and hedge funds own 79.06% 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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