News stories about Atlas Financial Holdings (NASDAQ:AFH) have been trending somewhat positive on Saturday, according to Accern. The research group identifies negative and positive press coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Atlas Financial Holdings earned a news impact score of 0.17 on Accern’s scale. Accern also gave news coverage about the insurance provider an impact score of 91 out of 100, indicating that recent press coverage is extremely likely to have an impact on the company’s share price in the next few days.
Shares of Atlas Financial Holdings (NASDAQ AFH) traded down 0.34% during trading on Friday, reaching $14.80. The company had a trading volume of 30,841 shares. Atlas Financial Holdings has a 52-week low of $12.15 and a 52-week high of $18.40. The company has a 50 day moving average of $14.78 and a 200-day moving average of $14.72. The firm has a market capitalization of $178.04 million, a P/E ratio of 74.75 and a beta of 0.88.
Atlas Financial Holdings (NASDAQ:AFH) last issued its quarterly earnings data on Monday, May 8th. The insurance provider reported $0.61 EPS for the quarter, topping analysts’ consensus estimates of $0.32 by $0.29. The firm had revenue of $49.82 million during the quarter. Atlas Financial Holdings had a negative return on equity of 4.19% and a net margin of 1.46%. Equities analysts expect that Atlas Financial Holdings will post $1.60 earnings per share for the current year.
AFH has been the subject of a number of recent analyst reports. JMP Securities initiated coverage on shares of Atlas Financial Holdings in a report on Wednesday, May 24th. They issued an “outperform” rating and a $18.00 price objective for the company. ValuEngine cut shares of Atlas Financial Holdings from a “hold” rating to a “sell” rating in a research note on Friday, June 16th. Sandler O’Neill upgraded shares of Atlas Financial Holdings from a “hold” rating to a “buy” rating in a research note on Wednesday, May 10th. Finally, Boenning Scattergood assumed coverage on shares of Atlas Financial Holdings in a research note on Tuesday, June 13th. They set an “outperform” rating and a $19.00 price objective on the stock. One investment 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. Atlas Financial Holdings has a consensus rating of “Hold” and a consensus price target of $18.50.
In related news, Director Walter Frederick Walker bought 5,000 shares of the company’s stock in a transaction on Tuesday, July 11th. The shares were purchased at an average price of $14.08 per share, for a total transaction of $70,400.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Kingsway America Inc sold 28,191 shares of the stock in a transaction on Thursday, June 29th. The stock was sold at an average price of $15.10, for a total value of $425,684.10. The disclosure for this sale can be found here. Corporate insiders own 12.70% of the company’s stock.
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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