Sandler O’Neill cut shares of Atlas Financial (NASDAQ:AFH) from a buy rating to a hold rating in a report published on Monday morning, Marketbeat reports.

AFH has been the subject of several other reports. ValuEngine raised shares of Atlas Financial from a hold rating to a buy rating in a research note on Friday, December 1st. BidaskClub raised shares of Atlas Financial from a hold rating to a buy rating in a research note on Wednesday, January 24th. Boenning Scattergood cut shares of Atlas Financial from an outperform rating to a neutral rating in a research note on Friday, March 2nd. TheStreet cut shares of Atlas Financial from a b- rating to a c rating in a research note on Friday, March 2nd. Finally, Zacks Investment Research cut shares of Atlas Financial from a strong-buy rating to a hold rating in a research note on Tuesday, February 20th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the stock. The stock currently has a consensus rating of Hold and an average target price of $20.75.

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Atlas Financial (NASDAQ:AFH) opened at $12.75 on Monday. Atlas Financial has a 52 week low of $10.60 and a 52 week high of $21.50. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 0.17.

In related news, VP Paul Anthony Romano, Jr. sold 2,991 shares of the firm’s stock in a transaction on Thursday, December 21st. The shares were sold at an average price of $18.75, for a total value of $56,081.25. Following the completion of the transaction, the vice president now directly owns 77,655 shares of the company’s stock, valued at $1,456,031.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Leslie Dimaggio sold 2,996 shares of the firm’s stock in a transaction on Thursday, December 21st. The shares were sold at an average price of $18.75, for a total transaction of $56,175.00. Following the completion of the transaction, the insider now directly owns 78,054 shares of the company’s stock, valued at $1,463,512.50. The disclosure for this sale can be found here. Insiders have sold a total of 11,546 shares of company stock valued at $216,488 over the last ninety days. Company insiders own 13.30% of the company’s stock.

Several large investors have recently added to or reduced their stakes in AFH. Teachers Advisors LLC grew its stake in shares of Atlas Financial by 16.6% in the second quarter. Teachers Advisors LLC now owns 20,463 shares of the insurance provider’s stock valued at $305,000 after buying an additional 2,914 shares in the last quarter. TIAA CREF Investment Management LLC grew its stake in shares of Atlas Financial by 35.5% in the second quarter. TIAA CREF Investment Management LLC now owns 40,070 shares of the insurance provider’s stock valued at $597,000 after buying an additional 10,500 shares in the last quarter. Northern Trust Corp grew its stake in shares of Atlas Financial by 6.6% in the second quarter. Northern Trust Corp now owns 116,721 shares of the insurance provider’s stock valued at $1,739,000 after buying an additional 7,251 shares in the last quarter. Vanguard Group Inc. grew its stake in shares of Atlas Financial by 11.0% in the second quarter. Vanguard Group Inc. now owns 457,267 shares of the insurance provider’s stock valued at $6,813,000 after buying an additional 45,156 shares in the last quarter. Finally, Parametric Portfolio Associates LLC bought a new position in shares of Atlas Financial in the second quarter valued at $165,000. 80.82% of the stock is owned by institutional investors and hedge funds.

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Atlas Financial 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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