Shares of Atlas Financial Holdings, Inc. (NASDAQ:AFH) have been given an average rating of “Buy” by the six ratings firms that are currently covering the company, Marketbeat Ratings reports. Two analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $18.00.
Several research firms have weighed in on AFH. Boenning Scattergood reiterated a “buy” rating on shares of Atlas Financial Holdings in a report on Tuesday, August 8th. Zacks Investment Research cut Atlas Financial Holdings from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 10th. ValuEngine upgraded Atlas Financial Holdings from a “sell” rating to a “hold” rating in a report on Friday, September 22nd. Finally, TheStreet upgraded Atlas Financial Holdings from a “c” rating to a “b-” rating in a research note on Friday, August 18th.
Shares of Atlas Financial Holdings (AFH) traded up $0.20 during mid-day trading on Monday, reaching $18.75. The company had a trading volume of 16,370 shares, compared to its average volume of 46,745. Atlas Financial Holdings has a 52 week low of $12.15 and a 52 week high of $20.60. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.59 and a quick ratio of 0.59.
In other Atlas Financial Holdings news, insider Kingsway America Inc sold 16,316 shares of Atlas Financial Holdings stock in a transaction on Thursday, August 24th. The stock was sold at an average price of $16.51, for a total value of $269,377.16. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Leslie Dimaggio sold 12,797 shares of Atlas Financial Holdings stock in a transaction on Monday, November 13th. The stock was sold at an average price of $19.72, for a total value of $252,356.84. Following the completion of the sale, the insider now directly owns 84,099 shares of the company’s stock, valued at approximately $1,658,432.28. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 176,040 shares of company stock valued at $3,165,675. 12.70% of the stock is owned by corporate insiders.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Northpointe Capital LLC bought a new stake in shares of Atlas Financial Holdings in the third quarter worth about $2,899,000. Rice Hall James & Associates LLC bought a new stake in shares of Atlas Financial Holdings in the second quarter worth about $1,770,000. Pacific Ridge Capital Partners LLC bought a new stake in shares of Atlas Financial Holdings in the second quarter worth about $1,582,000. Essex Investment Management Co. LLC bought a new stake in shares of Atlas Financial Holdings in the second quarter worth about $1,538,000. Finally, Granite Investment Partners LLC bought a new stake in shares of Atlas Financial Holdings in the second quarter worth about $1,422,000. Institutional investors own 78.57% of the company’s stock.
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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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