Atlas Financial Holdings Inc (NASDAQ:AFH) – Research analysts at Boenning Scattergood reduced their Q1 2018 EPS estimates for Atlas Financial in a report issued on Friday, according to Zacks Investment Research. Boenning Scattergood analyst R. Farnam now anticipates that the insurance provider will earn $0.47 per share for the quarter, down from their prior estimate of $0.59. Boenning Scattergood currently has a “Neutral” rating on the stock.
A number of other equities research analysts also recently issued reports on AFH. ValuEngine downgraded shares of Atlas Financial from a “sell” rating to a “strong sell” rating in a research report on Wednesday, March 7th. BidaskClub upgraded shares of Atlas Financial from a “hold” rating to a “buy” rating in a research report on Wednesday, January 24th. Zacks Investment Research upgraded shares of Atlas Financial from a “sell” rating to a “hold” rating in a research report on Tuesday, November 14th. TheStreet downgraded Atlas Financial from a “b-” rating to a “c” rating in a research report on Friday, March 2nd. Finally, Sandler O’Neill downgraded Atlas Financial from a “buy” rating to a “hold” rating in a research report on Monday. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the stock. Atlas Financial presently has a consensus rating of “Hold” and a consensus price target of $20.75.
Atlas Financial (NASDAQ:AFH) traded up $0.45 during mid-day trading on Monday, hitting $12.75. 124,374 shares of the stock were exchanged, compared to its average volume of 85,501. Atlas Financial has a 52 week low of $10.60 and a 52 week high of $21.50. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.59 and a current ratio of 0.59. The firm has a market cap of $151.44, a P/E ratio of 91.08 and a beta of 0.90.
A number of hedge funds have recently added to or reduced their stakes in AFH. Northpointe Capital LLC grew its stake in Atlas Financial by 70.9% in the 4th quarter. Northpointe Capital LLC now owns 262,116 shares of the insurance provider’s stock worth $5,386,000 after acquiring an additional 108,705 shares during the period. Wasatch Advisors Inc. grew its stake in Atlas Financial by 13.1% in the 3rd quarter. Wasatch Advisors Inc. now owns 780,955 shares of the insurance provider’s stock worth $14,760,000 after acquiring an additional 90,246 shares during the period. Dimensional Fund Advisors LP grew its stake in Atlas Financial by 31.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 268,143 shares of the insurance provider’s stock worth $3,995,000 after acquiring an additional 64,629 shares during the period. GMT Capital Corp purchased a new stake in Atlas Financial in the 3rd quarter worth approximately $902,000. Finally, Vanguard Group Inc. grew its stake in Atlas Financial by 11.0% in 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 during the period. 80.82% of the stock is owned by hedge funds and other institutional investors.
In related news, CEO Scott D. Wollney sold 4,852 shares of Atlas Financial stock in a transaction that occurred on Thursday, December 21st. The stock was sold at an average price of $18.75, for a total transaction of $90,975.00. Following the completion of the transaction, the chief executive officer now directly owns 340,524 shares in the company, valued at approximately $6,384,825. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Leslie Dimaggio sold 2,996 shares of Atlas Financial stock in a transaction that occurred on Thursday, December 21st. The stock was sold at an average price of $18.75, for a total transaction of $56,175.00. Following the completion of the sale, the insider now directly owns 78,054 shares of the company’s stock, valued at $1,463,512.50. The disclosure for this sale can be found here. Insiders have sold a total of 12,203 shares of company stock valued at $229,010 over the last 90 days. Insiders own 13.30% of the company’s stock.
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About Atlas Financial
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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