Atlas Financial Holdings (NASDAQ:AFH) Earns Coverage Optimism Rating of 0.10
News headlines about Atlas Financial Holdings (NASDAQ:AFH) have trended somewhat positive recently, according to Accern Sentiment. Accern identifies positive and negative media coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Atlas Financial Holdings earned a media sentiment score of 0.10 on Accern’s scale. Accern also assigned news articles about the insurance provider an impact score of 46.5886237774799 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
These are some of the media stories that may have impacted Accern’s analysis:
- Atlas Financial Holdings, Inc. (AFH) Issues Earnings Results (americanbankingnews.com)
- Atlas Financial Holdings Announces 2017 Second Quarter Financial Results (finance.yahoo.com)
- Atlas Financial Holdings, Inc. (NASDAQ:AFH) Given Consensus Recommendation of “Hold” by Analysts (americanbankingnews.com)
- Atlas Financial Holdings Inc (AFH) Analysts See $0.42 EPS (campdesrecrues.com)
Shares of Atlas Financial Holdings (NASDAQ:AFH) traded up 7.77% during midday trading on Tuesday, hitting $16.65. The company had a trading volume of 40,477 shares. The company has a market capitalization of $200.30 million, a P/E ratio of 84.09 and a beta of 0.88. Atlas Financial Holdings has a 52 week low of $12.15 and a 52 week high of $18.40. The firm’s 50 day moving average is $14.88 and its 200 day moving average is $14.59.
Atlas Financial Holdings (NASDAQ:AFH) last posted its earnings results on Monday, August 7th. The insurance provider reported $0.72 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.42 by $0.30. The company had revenue of $55.70 million for the quarter, compared to analysts’ expectations of $58.50 million. Atlas Financial Holdings had a negative return on equity of 4.19% and a net margin of 1.46%. Equities research analysts anticipate that Atlas Financial Holdings will post $1.59 EPS for the current year.
Several equities research analysts recently commented on the company. JMP Securities assumed coverage on Atlas Financial Holdings in a research report on Wednesday, May 24th. They set an “outperform” rating and a $18.00 target price on the stock. Boenning Scattergood restated a “buy” rating on shares of Atlas Financial Holdings in a research report on Tuesday. ValuEngine lowered Atlas Financial Holdings from a “hold” rating to a “sell” rating in a research report on Friday, June 16th. Finally, Sandler O’Neill upgraded Atlas Financial Holdings from a “hold” rating to a “buy” rating in a research report on Wednesday, May 10th. One equities 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 stock. Atlas Financial Holdings currently has a consensus rating of “Hold” and an average price target of $18.50.
In other Atlas Financial Holdings news, insider Kingsway America Inc sold 28,191 shares of Atlas Financial Holdings stock in a transaction that occurred on Thursday, June 29th. The stock was sold at an average price of $15.10, for a total transaction of $425,684.10. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Walter Frederick Walker acquired 5,000 shares of the business’s stock in a transaction on Tuesday, July 11th. The shares were purchased at an average cost of $14.08 per share, for a total transaction of $70,400.00. The disclosure for this purchase can be found here. 12.70% of the stock is owned by company insiders.
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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