Atlas Financial Holdings, Inc. (AFH) Given Average Recommendation of “Buy” by Brokerages

Shares of Atlas Financial Holdings, Inc. (NASDAQ:AFH) have been given an average recommendation of “Buy” by the six analysts that are covering the firm, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $18.00.

A number of research analysts have issued reports on AFH shares. ValuEngine raised Atlas Financial Holdings from a “sell” rating to a “hold” rating in a report on Friday, September 22nd. Boenning Scattergood reissued a “buy” rating on shares of Atlas Financial Holdings in a report on Tuesday, November 7th. Zacks Investment Research cut Atlas Financial Holdings from a “hold” rating to a “sell” rating in a report on Monday, October 16th. Finally, TheStreet raised Atlas Financial Holdings from a “c” rating to a “b-” rating in a report on Friday, August 18th.

In other news, CFO Paul Anthony Romano, Jr. sold 15,178 shares of the firm’s stock in a transaction on Monday, November 13th. The stock was sold at an average price of $19.73, for a total value of $299,461.94. Following the completion of the sale, the chief financial officer now directly owns 83,820 shares in the company, valued at $1,653,768.60. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Kingsway America Inc sold 20,000 shares of the firm’s stock in a transaction on Tuesday, August 22nd. The shares were sold at an average price of $16.20, for a total value of $324,000.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 176,040 shares of company stock valued at $3,165,675. 12.70% of the stock is currently owned by corporate insiders.

Large investors have recently made changes to their positions in the company. Goldman Sachs Group Inc. acquired a new stake in Atlas Financial Holdings in the second quarter worth about $151,000. Citadel Advisors LLC acquired a new stake in Atlas Financial Holdings in the second quarter worth about $161,000. Parametric Portfolio Associates LLC acquired a new stake in Atlas Financial Holdings in the second quarter worth about $165,000. Rhumbline Advisers increased its position in Atlas Financial Holdings by 2.5% in the second quarter. Rhumbline Advisers now owns 11,737 shares of the insurance provider’s stock worth $175,000 after purchasing an additional 290 shares during the period. Finally, Teachers Advisors LLC increased its position in Atlas Financial Holdings by 16.6% in the second quarter. Teachers Advisors LLC now owns 20,463 shares of the insurance provider’s stock worth $305,000 after purchasing an additional 2,914 shares during the period. Institutional investors own 78.57% of the company’s stock.

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Shares of Atlas Financial Holdings (NASDAQ:AFH) traded up $0.10 during mid-day trading on Monday, reaching $18.85. The company had a trading volume of 9,872 shares, compared to its average volume of 28,184. 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.

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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