Wedbush Securities Inc. continued to hold its position in Atlas Financial Holdings, Inc. (NASDAQ:AFH) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 15,815 shares of the insurance provider’s stock at the end of the second quarter. Wedbush Securities Inc. owned approximately 0.13% of Atlas Financial Holdings worth $236,000 as of its most recent SEC filing.
Other institutional investors have also recently bought and sold shares of the company. Prudential Financial Inc. boosted its position in Atlas Financial Holdings by 48.4% in the first quarter. Prudential Financial Inc. now owns 35,835 shares of the insurance provider’s stock valued at $489,000 after buying an additional 11,683 shares in the last quarter. Essex Investment Management Co. LLC purchased a new position in Atlas Financial Holdings during the second quarter valued at about $1,538,000. Great Lakes Advisors LLC boosted its position in Atlas Financial Holdings by 54.0% in the first quarter. Great Lakes Advisors LLC now owns 218,057 shares of the insurance provider’s stock valued at $2,976,000 after buying an additional 76,428 shares in the last quarter. Globeflex Capital L P purchased a new position in Atlas Financial Holdings during the first quarter valued at about $592,000. Finally, Oxford Asset Management boosted its position in Atlas Financial Holdings by 24.3% in the first quarter. Oxford Asset Management now owns 26,383 shares of the insurance provider’s stock valued at $360,000 after buying an additional 5,153 shares in the last quarter. Institutional investors and hedge funds own 78.35% of the company’s stock.
Atlas Financial Holdings, Inc. (AFH) opened at 16.00 on Monday. The company has a market cap of $192.48 million, a PE ratio of 64.78 and a beta of 0.88. The firm’s 50-day moving average price is $15.21 and its 200-day moving average price is $14.55. Atlas Financial Holdings, Inc. has a one year low of $12.15 and a one year high of $18.40.
Atlas Financial Holdings (NASDAQ:AFH) last issued its earnings results on Monday, August 7th. The insurance provider reported $0.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.42 by $0.30. Atlas Financial Holdings had a negative return on equity of 3.32% and a net margin of 1.67%. The business had revenue of $55.70 million during the quarter, compared to analysts’ expectations of $58.50 million. On average, equities research analysts forecast that Atlas Financial Holdings, Inc. will post $1.66 earnings per share for the current fiscal year.
AFH has been the topic of several recent research reports. Sandler O’Neill upgraded Atlas Financial Holdings from a “hold” rating to a “buy” rating in a report on Wednesday, May 10th. Zacks Investment Research upgraded Atlas Financial Holdings from a “hold” rating to a “strong-buy” rating and set a $19.00 price target on the stock in a report on Tuesday, August 15th. ValuEngine cut Atlas Financial Holdings from a “hold” rating to a “sell” rating in a report on Friday, June 16th. Boenning Scattergood reiterated a “buy” rating on shares of Atlas Financial Holdings in a report on Tuesday, August 8th. Finally, JMP Securities initiated coverage on Atlas Financial Holdings in a report on Wednesday, May 24th. They issued an “outperform” rating and a $18.00 price target on the stock. One analyst has rated the stock with a sell rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $18.67.
In other Atlas Financial Holdings news, insider Kingsway America Inc sold 28,191 shares of the company’s 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 transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Walter Frederick Walker purchased 5,000 shares of Atlas Financial Holdings stock in a transaction on Tuesday, July 11th. The stock was bought at an average price of $14.08 per share, for a total transaction of $70,400.00. The disclosure for this purchase can be found here. 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.
Receive News & Ratings for Atlas Financial Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Atlas Financial Holdings Inc. and related companies with MarketBeat.com's FREE daily email newsletter.
