Brokerages Set Atlas Financial Holdings, Inc. (AFH) Price Target at $18.00

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.

ILLEGAL ACTIVITY WARNING: “Brokerages Set Atlas Financial Holdings, Inc. (AFH) Price Target at $18.00” was originally posted by The Ledger Gazette and is the property of of The Ledger Gazette. If you are reading this report on another site, it was stolen and republished in violation of United States & international copyright legislation. The legal version of this report can be viewed at https://ledgergazette.com/2017/11/16/brokerages-set-atlas-financial-holdings-inc-afh-price-target-at-18-00.html.

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.

Receive News & Ratings for Atlas Financial Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Atlas Financial Holdings Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply