News headlines about Atlas Financial Holdings (NASDAQ:AFH) have been trending somewhat positive recently, according to Accern Sentiment. The research group rates the sentiment of media coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Atlas Financial Holdings earned a news sentiment score of 0.06 on Accern’s scale. Accern also assigned news stories about the insurance provider an impact score of 44.7028930190533 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
AFH has been the topic of several recent analyst reports. TheStreet upgraded shares of Atlas Financial Holdings from a “c” rating to a “b-” rating in a report on Friday, August 18th. Zacks Investment Research upgraded shares of 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. ValuEngine lowered shares of Atlas Financial Holdings from a “hold” rating to a “sell” rating in a report on Friday, June 16th. Finally, Boenning Scattergood reiterated a “buy” rating on shares of Atlas Financial Holdings in a report on Tuesday, August 8th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $18.67.
Atlas Financial Holdings (NASDAQ AFH) opened at 19.15 on Friday. Atlas Financial Holdings has a 12-month low of $12.15 and a 12-month high of $20.35. The firm has a market capitalization of $230.37 million, a price-to-earnings ratio of 77.53 and a beta of 0.89. The firm has a 50-day moving average of $17.99 and a 200 day moving average of $15.37.
Atlas Financial Holdings (NASDAQ:AFH) last released 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. Atlas Financial Holdings had a net margin of 1.67% and a negative return on equity of 3.32%. The business had revenue of $55.70 million for the quarter, compared to analysts’ expectations of $58.50 million. On average, equities analysts predict that Atlas Financial Holdings will post $1.66 EPS for the current year.
In related news, insider Kingsway America Inc sold 5,101 shares of the firm’s stock in a transaction that occurred on Thursday, September 14th. The shares were sold at an average price of $17.23, for a total value of $87,890.23. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders sold 100,000 shares of company stock worth $1,665,780 over the last three months. Corporate insiders own 12.70% of the company’s stock.
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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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