Shares of Atlas Financial Holdings Inc (NASDAQ:AFH) have been given a consensus rating of “Hold” by the six analysts that are presently covering the company, Marketbeat reports. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating on the company.
A number of research firms have recently commented on AFH. ValuEngine cut Atlas Financial from a “hold” rating to a “sell” rating in a report on Friday, June 22nd. Zacks Investment Research cut Atlas Financial from a “hold” rating to a “strong sell” rating in a report on Thursday, July 19th. TheStreet lowered Atlas Financial from a “c” rating to a “d” rating in a research report on Tuesday, April 3rd. Finally, Boenning Scattergood lowered Atlas Financial to a “hold” rating in a research report on Friday, April 27th.
In other news, Director John Taylor Maloney Fitzgerald acquired 6,000 shares of Atlas Financial stock in a transaction that occurred on Thursday, June 28th. The shares were acquired at an average price of $8.90 per share, for a total transaction of $53,400.00. Following the transaction, the director now directly owns 50,354 shares of the company’s stock, valued at approximately $448,150.60. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 15.10% of the company’s stock.
A number of hedge funds have recently modified their holdings of the stock. Wasatch Advisors Inc. grew its position in Atlas Financial by 6.0% during the 1st quarter. Wasatch Advisors Inc. now owns 818,652 shares of the insurance provider’s stock worth $8,473,000 after acquiring an additional 46,411 shares during the last quarter. BlackRock Inc. grew its position in shares of Atlas Financial by 0.9% in the 4th quarter. BlackRock Inc. now owns 549,562 shares of the insurance provider’s stock valued at $11,293,000 after buying an additional 5,028 shares during the last quarter. Tieton Capital Management LLC grew its position in shares of Atlas Financial by 26.0% in the 1st quarter. Tieton Capital Management LLC now owns 428,210 shares of the insurance provider’s stock valued at $4,432,000 after buying an additional 88,330 shares during the last quarter. Dimensional Fund Advisors LP grew its position in shares of Atlas Financial by 14.2% in the 1st quarter. Dimensional Fund Advisors LP now owns 382,027 shares of the insurance provider’s stock valued at $3,954,000 after buying an additional 47,634 shares during the last quarter. Finally, Baird Financial Group Inc. grew its position in shares of Atlas Financial by 1.5% in the 1st quarter. Baird Financial Group Inc. now owns 339,362 shares of the insurance provider’s stock valued at $3,512,000 after buying an additional 5,056 shares during the last quarter. Institutional investors and hedge funds own 80.96% of the company’s stock.
Shares of Atlas Financial stock traded down $0.15 during trading on Friday, reaching $8.80. 83,498 shares of the company’s stock were exchanged, compared to its average volume of 101,270. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.55 and a current ratio of 0.55. Atlas Financial has a 1-year low of $8.05 and a 1-year high of $21.50. The stock has a market capitalization of $103.85 million, a P/E ratio of -2.43 and a beta of 1.23.
Atlas Financial (NASDAQ:AFH) last posted its quarterly earnings results on Monday, May 7th. The insurance provider reported $0.53 EPS for the quarter, topping analysts’ consensus estimates of $0.44 by $0.09. Atlas Financial had a negative return on equity of 38.43% and a negative net margin of 16.63%. The company had revenue of $57.19 million during the quarter, compared to analysts’ expectations of $59.70 million. research analysts forecast that Atlas Financial will post 1.64 earnings per share for the current year.
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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