Atlas Financial Holdings Inc (NASDAQ:AFH) has earned a consensus recommendation of “Buy” from the six brokerages that are currently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $18.00.

AFH has been the topic of several recent research reports. Boenning Scattergood restated a “buy” rating on shares of Atlas Financial in a report on Tuesday, November 7th. Zacks Investment Research upgraded Atlas Financial 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. ValuEngine upgraded Atlas Financial from a “hold” rating to a “buy” rating in a report on Friday, December 1st. Finally, TheStreet upgraded Atlas Financial from a “c” rating to a “b-” rating in a report on Friday, August 18th.

Shares of Atlas Financial (NASDAQ:AFH) traded up $0.05 during midday trading on Friday, reaching $18.70. The company’s stock had a trading volume of 16,879 shares, compared to its average volume of 45,927. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 0.17. Atlas Financial has a 12 month low of $12.15 and a 12 month high of $20.70.

In other news, CEO Scott D. Wollney sold 12,443 shares of the company’s stock in a transaction dated Wednesday, November 8th. The stock was sold at an average price of $20.10, for a total transaction of $250,104.30. Following the completion of the transaction, the chief executive officer now directly owns 345,151 shares of the company’s stock, valued at approximately $6,937,535.10. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Bruce Wayne Giles sold 7,776 shares of the company’s stock in a transaction dated Wednesday, November 8th. The stock was sold at an average price of $20.10, for a total value of $156,297.60. Following the transaction, the director now directly owns 79,018 shares of the company’s stock, valued at $1,588,261.80. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 174,168 shares of company stock worth $3,437,654. 13.30% of the stock is owned by company insiders.

Large investors have recently added to or reduced their stakes in the company. Pacific Ridge Capital Partners LLC acquired a new position in shares of Atlas Financial during the 2nd quarter worth about $1,582,000. Dimensional Fund Advisors LP boosted its position in shares of Atlas Financial by 15.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 203,514 shares of the insurance provider’s stock worth $2,778,000 after acquiring an additional 27,961 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of Atlas Financial by 11.0% during the 2nd quarter. Vanguard Group Inc. now owns 457,267 shares of the insurance provider’s stock worth $6,813,000 after acquiring an additional 45,156 shares in the last quarter. TIAA CREF Investment Management LLC boosted its position in shares of Atlas Financial by 35.5% during the 2nd quarter. TIAA CREF Investment Management LLC now owns 40,070 shares of the insurance provider’s stock worth $597,000 after acquiring an additional 10,500 shares in the last quarter. Finally, Granite Investment Partners LLC acquired a new position in shares of Atlas Financial during the 2nd quarter worth about $1,422,000. 79.73% of the stock is owned by institutional investors and hedge funds.

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Atlas Financial Company Profile

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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