Atlas Financial (NASDAQ:AFH) was downgraded by stock analysts at ValuEngine from a “hold” rating to a “sell” rating in a research note issued to investors on Thursday.
Several other analysts have also recently issued reports on AFH. Zacks Investment Research upgraded Atlas Financial from a “sell” rating to a “hold” rating in a research note on Friday, August 10th. Boenning Scattergood restated a “buy” rating on shares of Atlas Financial in a research note on Tuesday, November 6th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $15.33.
Shares of NASDAQ AFH opened at $9.01 on Thursday. Atlas Financial has a 52-week low of $8.05 and a 52-week high of $21.50. The company has a market cap of $107.43 million, a price-to-earnings ratio of -2.49 and a beta of 1.03. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.59 and a current ratio of 0.59.
Several institutional investors have recently made changes to their positions in AFH. LMR Partners LLP acquired a new stake in shares of Atlas Financial during the 2nd quarter worth approximately $280,000. Paloma Partners Management Co acquired a new stake in shares of Atlas Financial during the 2nd quarter worth approximately $448,000. Prescott Group Capital Management L.L.C. acquired a new stake in shares of Atlas Financial during the 3rd quarter worth approximately $819,000. Clear Harbor Asset Management LLC acquired a new stake in shares of Atlas Financial during the 2nd quarter worth approximately $914,000. Finally, New Vernon Investment Management LLC acquired a new stake in shares of Atlas Financial during the 3rd quarter worth approximately $1,155,000. Institutional investors and hedge funds own 75.13% of the company’s stock.
About Atlas Financial
Atlas Financial Holdings, Inc, through its subsidiaries, engages in underwriting commercial automobile insurance policies in the United States. Its automobile insurance products provide insurance coverage in three primary areas, including liability, accident benefits, and physical damage. The company focuses on the light commercial automobile sector, including taxi cabs, non-emergency para-transit, limousine, livery, and business autos.
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