Sandler O’Neill reissued their buy rating on shares of Atlas Financial (NASDAQ:AFH) in a report released on Wednesday. The brokerage currently has a $24.00 price target on the insurance provider’s stock.
Several other equities research analysts also recently commented on AFH. Zacks Investment Research downgraded Atlas Financial from a strong-buy rating to a hold rating in a report on Tuesday, October 10th. ValuEngine raised Atlas Financial from a sell rating to a hold rating in a report on Friday, September 22nd. Finally, Boenning Scattergood reissued a buy rating on shares of Atlas Financial in a report on Tuesday, November 7th. One equities research analyst has rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Atlas Financial has a consensus rating of Buy and an average price target of $20.75.
Atlas Financial (NASDAQ AFH) remained flat at $$20.55 during midday trading on Wednesday. 20,632 shares of the company traded hands, compared to its average volume of 33,944. The company has a market cap of $247.24, a price-to-earnings ratio of 146.80 and a beta of 0.88. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.59 and a current ratio of 0.59. Atlas Financial has a one year low of $12.15 and a one year high of $21.45.
A number of hedge funds have recently bought and sold shares of the business. Northpointe Capital LLC bought a new position in shares of Atlas Financial in the third quarter worth $2,899,000. Wasatch Advisors Inc. grew its position in Atlas Financial by 13.1% in the third quarter. Wasatch Advisors Inc. now owns 780,955 shares of the insurance provider’s stock valued at $14,760,000 after acquiring an additional 90,246 shares during the last quarter. Kennedy Capital Management Inc. grew its position in Atlas Financial by 164.8% in the second quarter. Kennedy Capital Management Inc. now owns 107,970 shares of the insurance provider’s stock valued at $1,609,000 after acquiring an additional 67,196 shares during the last quarter. Dimensional Fund Advisors LP grew its position in Atlas Financial by 31.8% in the second quarter. Dimensional Fund Advisors LP now owns 268,143 shares of the insurance provider’s stock valued at $3,995,000 after acquiring an additional 64,629 shares during the last quarter. Finally, GMT Capital Corp bought a new position in Atlas Financial in the third quarter valued at about $902,000. Hedge funds and other institutional investors own 79.73% of the company’s stock.
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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