TheStreet Lowers Atlas Financial (NASDAQ:AFH) to D

Atlas Financial (NASDAQ:AFH) was downgraded by stock analysts at TheStreet from a “c” rating to a “d” rating in a research note issued on Tuesday, April 3rd.

Other analysts have also issued research reports about the stock. Sandler O’Neill reiterated a “buy” rating and set a $24.00 price target on shares of Atlas Financial in a research report on Wednesday, January 10th. BidaskClub upgraded shares of Atlas Financial from a “hold” rating to a “buy” rating in a research report on Wednesday, January 24th. Boenning Scattergood reiterated a “hold” rating on shares of Atlas Financial in a research report on Tuesday, April 3rd. Zacks Investment Research lowered shares of Atlas Financial from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 20th. Finally, ValuEngine downgraded shares of Atlas Financial from a “sell” rating to a “strong sell” rating in a research note on Wednesday, March 7th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $20.75.

Shares of NASDAQ:AFH opened at $10.65 on Tuesday. The company has a current ratio of 0.51, a quick ratio of 0.51 and a debt-to-equity ratio of 0.27. The company has a market cap of $127.73, a price-to-earnings ratio of -2.94 and a beta of 1.22. Atlas Financial has a 12-month low of $9.90 and a 12-month high of $21.50.

A number of large investors have recently modified their holdings of the stock. Macquarie Group Ltd. bought a new position in Atlas Financial in the 4th quarter valued at approximately $111,000. Millennium Management LLC bought a new position in Atlas Financial in the 4th quarter valued at approximately $329,000. Cornercap Investment Counsel Inc. bought a new position in Atlas Financial in the 4th quarter valued at approximately $279,000. Deutsche Bank AG lifted its stake in Atlas Financial by 144.3% in the 4th quarter. Deutsche Bank AG now owns 23,460 shares of the insurance provider’s stock valued at $480,000 after purchasing an additional 13,859 shares during the last quarter. Finally, Ariel Investments LLC lifted its stake in Atlas Financial by 1.6% in the 4th quarter. Ariel Investments LLC now owns 1,176,802 shares of the insurance provider’s stock valued at $24,183,000 after purchasing an additional 18,129 shares during the last quarter. 82.09% of the stock is owned by institutional investors and hedge funds.

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Atlas Financial Company Profile

Atlas Financial Holdings, Inc, through its subsidiaries, engages in underwriting commercial automobile insurance policies in the United States. Its automobile insurance products provide insurance coverage in three primary areas, including liability, accident benefits, and physical damage. The company focuses on the light commercial automobile sector, including taxi cabs, non-emergency para-transit, limousine, livery, and business autos.

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