Renaissance Technologies LLC decreased its stake in shares of Atlas Financial Holdings, Inc. (NASDAQ:AFH) by 17.8% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 75,000 shares of the insurance provider’s stock after selling 16,200 shares during the period. Renaissance Technologies LLC’s holdings in Atlas Financial Holdings were worth $1,024,000 at the end of the most recent reporting period.
Other hedge funds also recently added to or reduced their stakes in the company. Diamond Hill Capital Management Inc. acquired a new position in shares of Atlas Financial Holdings during the first quarter worth about $667,000. Bank of New York Mellon Corp boosted its position in shares of Atlas Financial Holdings by 2.0% in the first quarter. Bank of New York Mellon Corp now owns 35,864 shares of the insurance provider’s stock worth $490,000 after buying an additional 710 shares during the last quarter. Wedbush Securities Inc. boosted its position in shares of Atlas Financial Holdings by 5.3% in the first quarter. Wedbush Securities Inc. now owns 15,815 shares of the insurance provider’s stock worth $216,000 after buying an additional 800 shares during the last quarter. Oxford Asset Management boosted its position in shares of Atlas Financial Holdings by 24.3% in the first quarter. Oxford Asset Management now owns 26,383 shares of the insurance provider’s stock worth $360,000 after buying an additional 5,153 shares during the last quarter. Finally, Great Lakes Advisors LLC boosted its position in shares of 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 worth $2,976,000 after buying an additional 76,428 shares during the last quarter. 78.35% of the stock is currently owned by institutional investors and hedge funds.
Shares of Atlas Financial Holdings, Inc. (AFH) traded up 0.91% during trading on Friday, reaching $16.65. 20,607 shares of the company’s stock were exchanged. The stock has a market cap of $200.30 million, a PE ratio of 67.41 and a beta of 0.88. The stock’s 50 day moving average price is $15.45 and its 200-day moving average price is $14.53. Atlas Financial Holdings, Inc. has a 52-week low of $12.15 and a 52-week high of $18.40.
Atlas Financial Holdings (NASDAQ:AFH) last issued its earnings results on Monday, August 7th. The insurance provider reported $0.72 EPS for the quarter, topping the consensus estimate of $0.42 by $0.30. Atlas Financial Holdings had a net margin of 1.67% and a negative return on equity of 3.32%. The company had revenue of $55.70 million for the quarter, compared to the consensus estimate of $58.50 million. On average, equities research analysts forecast that Atlas Financial Holdings, Inc. will post $1.66 EPS for the current year.
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A number of brokerages have issued reports on AFH. JMP Securities began coverage on shares of Atlas Financial Holdings in a research note on Wednesday, May 24th. They issued an “outperform” rating and a $18.00 price objective on the stock. Boenning Scattergood reaffirmed a “buy” rating on shares of Atlas Financial Holdings in a research note on Tuesday, August 8th. ValuEngine cut shares of Atlas Financial Holdings from a “hold” rating to a “sell” rating in a research note on Friday, June 16th. Zacks Investment Research raised shares of Atlas Financial Holdings from a “hold” rating to a “strong-buy” rating and set a $19.00 price objective on the stock in a research note on Tuesday, August 15th. Finally, Sandler O’Neill raised shares of Atlas Financial Holdings from a “hold” rating to a “buy” rating in a research note on Wednesday, May 10th. One equities research analyst has rated the stock with a sell rating, three have given a buy rating and one has given a strong buy rating to the stock. Atlas Financial Holdings currently has a consensus rating of “Buy” and a consensus price target of $18.67.
In related news, Director Walter Frederick Walker purchased 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, July 11th. The shares were acquired at an average price of $14.08 per share, for a total transaction of $70,400.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Kingsway America Inc sold 28,191 shares of Atlas Financial Holdings stock in a transaction on Thursday, June 29th. The shares were sold at an average price of $15.10, for a total transaction of $425,684.10. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 64,507 shares of company stock worth $1,019,061. 12.70% of the stock is owned by insiders.
About Atlas Financial Holdings
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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