BidaskClub lowered shares of Atlas Financial (NASDAQ:AFH) from a buy rating to a hold rating in a report issued on Thursday morning.
AFH has been the topic of several other reports. ValuEngine raised shares of Atlas Financial from a hold rating to a buy rating in a research report on Friday, December 1st. Zacks Investment Research lowered shares of Atlas Financial from a strong-buy rating to a hold rating in a research note on Tuesday, October 10th. Boenning Scattergood restated a buy rating on shares of Atlas Financial in a research note on Tuesday, November 7th. Finally, Sandler O’Neill restated a buy rating and set a $24.00 price objective on shares of Atlas Financial in a research note on Wednesday. One equities research analyst has rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of Buy and an average price target of $20.75.
Shares of Atlas Financial (NASDAQ:AFH) remained flat at $$20.55 during trading hours on Thursday. The stock had a trading volume of 20,632 shares, compared to its average volume of 33,944. 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 fifty-two week low of $12.15 and a fifty-two week high of $21.45. The stock has a market capitalization of $247.24, a P/E ratio of 146.80 and a beta of 0.88.
In related news, VP Paul Anthony Romano, Jr. sold 6,384 shares of the company’s stock in a transaction dated Thursday, November 30th. The shares were sold at an average price of $20.31, for a total value of $129,659.04. Following the transaction, the vice president now owns 82,534 shares in the company, valued at approximately $1,676,265.54. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Joseph Raymond Shugrue sold 1,676 shares of the company’s stock in a transaction dated Thursday, November 30th. The shares were sold at an average price of $20.12, for a total transaction of $33,721.12. Following the completion of the transaction, the director now owns 81,765 shares in the company, valued at approximately $1,645,111.80. The disclosure for this sale can be found here. Insiders have sold a total of 179,029 shares of company stock worth $3,549,810 over the last 90 days. 13.30% of the stock is owned by company insiders.
A number of institutional investors and hedge funds have recently made changes to their positions in AFH. Goldman Sachs Group Inc. acquired a new position in Atlas Financial in the 2nd quarter valued at about $151,000. Citadel Advisors LLC acquired a new position in Atlas Financial in the 2nd quarter valued at about $161,000. Parametric Portfolio Associates LLC acquired a new position in Atlas Financial in the 2nd quarter valued at about $165,000. Rhumbline Advisers grew its stake in Atlas Financial by 2.5% in the 2nd quarter. Rhumbline Advisers now owns 11,737 shares of the insurance provider’s stock valued at $175,000 after buying an additional 290 shares during the last quarter. Finally, Teachers Advisors LLC grew its stake in Atlas Financial by 16.6% in the 2nd quarter. Teachers Advisors LLC now owns 20,463 shares of the insurance provider’s stock valued at $305,000 after buying an additional 2,914 shares during the last quarter. Institutional investors and hedge funds own 79.73% of the company’s stock.
COPYRIGHT VIOLATION WARNING: This news story was first published by TrueBlueTribune and is owned by of TrueBlueTribune. If you are accessing this news story on another website, it was illegally copied and reposted in violation of U.S. & international copyright and trademark legislation. The original version of this news story can be accessed at https://www.truebluetribune.com/2018/01/14/atlas-financial-afh-lowered-to-hold-at-bidaskclub.html.
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.
Receive News & Ratings for Atlas Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Atlas Financial and related companies with MarketBeat.com's FREE daily email newsletter.