Other research analysts have also issued reports about the company. ValuEngine raised Atlas Financial Holdings from a sell rating to a hold rating in a research report on Friday, September 22nd. Zacks Investment Research lowered Atlas Financial Holdings from a hold rating to a sell rating in a research report on Monday, October 16th. Finally, TheStreet raised Atlas Financial Holdings from a c rating to a b- rating in a research report on Friday, August 18th. One research analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the stock. The stock has an average rating of Hold and an average price target of $18.67.
Shares of Atlas Financial Holdings (AFH) traded down $0.15 during trading on Tuesday, hitting $19.05. The stock had a trading volume of 45,700 shares, compared to its average volume of 47,349. The company has a current ratio of 0.59, a quick ratio of 0.63 and a debt-to-equity ratio of 0.17. Atlas Financial Holdings has a 12 month low of $12.15 and a 12 month high of $20.60.
In related news, insider Kingsway America Inc sold 5,101 shares of the company’s stock in a transaction on Thursday, September 14th. The stock was sold at an average price of $17.23, for a total transaction of $87,890.23. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders have sold 100,000 shares of company stock worth $1,665,780 over the last three months. 12.70% of the stock is owned by insiders.
A number of hedge funds have recently modified their holdings of AFH. Goldman Sachs Group Inc. acquired a new position in Atlas Financial Holdings in the 2nd quarter worth about $151,000. Citadel Advisors LLC acquired a new position in Atlas Financial Holdings in the 2nd quarter worth about $161,000. Parametric Portfolio Associates LLC acquired a new position in Atlas Financial Holdings in the 2nd quarter worth about $165,000. Rhumbline Advisers increased its position in Atlas Financial Holdings by 2.5% in the 2nd 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 last quarter. Finally, Teachers Advisors LLC increased its position in Atlas Financial Holdings by 16.6% in the 2nd 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 last quarter. 80.38% of the stock is currently owned by institutional investors.
About Atlas Financial Holdings
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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