Atlas Financial Holdings, Inc. (NASDAQ:AFH) CEO Scott D. Wollney sold 12,443 shares of the stock in a transaction on Wednesday, November 8th. The stock was sold at an average price of $20.10, for a total value of $250,104.30. Following the completion of the sale, the chief executive officer now directly owns 345,151 shares in the company, valued at $6,937,535.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.
Shares of Atlas Financial Holdings, Inc. (AFH) opened at $18.50 on Wednesday. Atlas Financial Holdings, Inc. 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.
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Several equities research analysts have weighed in on AFH shares. TheStreet raised Atlas Financial Holdings from a “c” rating to a “b-” rating in a research report on Friday, August 18th. Boenning Scattergood reaffirmed a “buy” rating on shares of Atlas Financial Holdings in a research report on Tuesday, November 7th. Zacks Investment Research lowered Atlas Financial Holdings from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 10th. Finally, ValuEngine raised Atlas Financial Holdings from a “sell” rating to a “hold” rating in a research report on Friday, September 22nd. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $18.67.
Hedge funds and other institutional investors have recently modified their holdings of the business. Goldman Sachs Group Inc. acquired a new stake in Atlas Financial Holdings in the second quarter worth $151,000. Citadel Advisors LLC acquired a new position in shares of Atlas Financial Holdings during the second quarter valued at $161,000. Parametric Portfolio Associates LLC acquired a new position in shares of Atlas Financial Holdings during the second quarter valued at $165,000. Rhumbline Advisers increased its holdings in shares of Atlas Financial Holdings by 2.5% during the second quarter. Rhumbline Advisers now owns 11,737 shares of the insurance provider’s stock valued at $175,000 after purchasing an additional 290 shares during the period. Finally, Teachers Advisors LLC increased its holdings in shares of Atlas Financial Holdings by 16.6% during the second quarter. Teachers Advisors LLC now owns 20,463 shares of the insurance provider’s stock valued at $305,000 after purchasing an additional 2,914 shares during the period. 78.57% of the stock is currently owned by hedge funds and other institutional investors.
Atlas Financial Holdings 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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