Shares of Atlas Financial Holdings, Inc. (NASDAQ:AFH) have received a consensus recommendation of “Buy” from the six ratings firms that are presently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating on the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $18.50.

AFH has been the topic of a number of recent research reports. ValuEngine raised Atlas Financial Holdings from a “sell” rating to a “hold” rating in a report on Friday. TheStreet raised Atlas Financial Holdings from a “c” rating to a “b-” rating in a report on Friday, August 18th. Zacks Investment Research raised Atlas Financial Holdings from a “hold” rating to a “strong-buy” rating and set a $19.00 target price on the stock in a report on Tuesday, August 15th. Finally, Boenning Scattergood reissued a “buy” rating on shares of Atlas Financial Holdings in a report on Tuesday, August 8th.

In other Atlas Financial Holdings news, Director Walter Frederick Walker bought 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, July 11th. The stock was purchased at an average price of $14.08 per share, for a total transaction of $70,400.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Kingsway America Inc sold 28,191 shares of the stock in a transaction dated 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. In the last 90 days, insiders sold 128,191 shares of company stock valued at $2,091,464. Company insiders own 12.70% of the company’s stock.

Several large investors have recently added to or reduced their stakes in the stock. Wasatch Advisors Inc. grew its position in shares of Atlas Financial Holdings by 1.1% during the second quarter. Wasatch Advisors Inc. now owns 690,709 shares of the insurance provider’s stock worth $10,292,000 after purchasing an additional 7,190 shares in the last quarter. Vanguard Group Inc. grew its position in shares of Atlas Financial Holdings by 11.0% during the second quarter. Vanguard Group Inc. now owns 457,267 shares of the insurance provider’s stock worth $6,813,000 after purchasing an additional 45,156 shares in the last quarter. WCM Investment Management CA grew its position in shares of Atlas Financial Holdings by 0.8% during the second quarter. WCM Investment Management CA now owns 448,883 shares of the insurance provider’s stock worth $6,688,000 after purchasing an additional 3,505 shares in the last quarter. Tieton Capital Management LLC grew its position in shares of Atlas Financial Holdings by 8.1% during the second quarter. Tieton Capital Management LLC now owns 366,520 shares of the insurance provider’s stock worth $5,461,000 after purchasing an additional 27,590 shares in the last quarter. Finally, Royce & Associates LP grew its position in shares of Atlas Financial Holdings by 39.8% during the first quarter. Royce & Associates LP now owns 304,800 shares of the insurance provider’s stock worth $4,161,000 after purchasing an additional 86,800 shares in the last quarter. Hedge funds and other institutional investors own 79.06% of the company’s stock.

Shares of Atlas Financial Holdings (NASDAQ:AFH) traded up 0.55% during midday trading on Friday, hitting $18.30. The stock had a trading volume of 14,120 shares. The stock’s 50-day moving average is $16.53 and its 200-day moving average is $14.67. The stock has a market cap of $220.15 million, a PE ratio of 74.09 and a beta of 0.87. Atlas Financial Holdings has a 12 month low of $12.15 and a 12 month high of $18.65.

Atlas Financial Holdings (NASDAQ:AFH) last announced its quarterly earnings results on Monday, August 7th. The insurance provider reported $0.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.42 by $0.30. The firm had revenue of $55.70 million for the quarter, compared to the consensus estimate of $58.50 million. Atlas Financial Holdings had a negative return on equity of 3.32% and a net margin of 1.67%. Equities analysts anticipate that Atlas Financial Holdings will post $1.66 EPS for the current year.

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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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