Insider Buying: Atlas Financial Holdings, Inc. (NASDAQ:AFH) Director Purchases 882 Shares of Stock

Atlas Financial Holdings, Inc. (NASDAQ:AFH) Director Walter Frederick Walker bought 882 shares of the business’s stock in a transaction on Monday, July 10th. The shares were bought at an average cost of $14.31 per share, for a total transaction of $12,621.42. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Walter Frederick Walker also recently made the following trade(s):

  • On Tuesday, July 11th, Walter Frederick Walker acquired 5,000 shares of Atlas Financial Holdings stock. The stock was acquired at an average cost of $14.08 per share, for a total transaction of $70,400.00.

Atlas Financial Holdings, Inc. (NASDAQ AFH) traded down 0.93% on Friday, reaching $16.00. The company had a trading volume of 26,082 shares. Atlas Financial Holdings, Inc. has a one year low of $12.15 and a one year high of $18.40. The firm has a market capitalization of $192.48 million, a price-to-earnings ratio of 64.78 and a beta of 0.88. The company’s 50 day moving average is $15.21 and its 200-day moving average is $14.55.

Atlas Financial Holdings (NASDAQ:AFH) last announced its quarterly earnings data on Monday, August 7th. The insurance provider reported $0.72 earnings per share for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $58.50 million. On average, equities research analysts expect that Atlas Financial Holdings, Inc. will post $1.66 earnings per share for the current fiscal year.

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A number of institutional investors have recently made changes to their positions in AFH. Goldman Sachs Group Inc. purchased a new position in shares of Atlas Financial Holdings during the second quarter worth $151,000. Citadel Advisors LLC purchased a new position in shares of Atlas Financial Holdings during the second quarter worth $161,000. Parametric Portfolio Associates LLC purchased a new position in shares of Atlas Financial Holdings during the second quarter worth $165,000. Rhumbline Advisers raised its position in shares of Atlas Financial Holdings by 2.5% in the second quarter. Rhumbline Advisers now owns 11,737 shares of the insurance provider’s stock worth $175,000 after buying an additional 290 shares during the last quarter. Finally, Wedbush Securities Inc. raised 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. Institutional investors own 78.35% of the company’s stock.

AFH has been the topic of a number of recent analyst reports. Boenning Scattergood initiated coverage on Atlas Financial Holdings in a research note on Tuesday, June 13th. They issued an “outperform” rating and a $19.00 price objective on the stock. Sandler O’Neill raised Atlas Financial Holdings from a “hold” rating to a “buy” rating in a research note on Wednesday, May 10th. Zacks Investment Research raised Atlas Financial Holdings from a “hold” rating to a “strong-buy” rating and set a $19.00 price target on the stock in a research note on Tuesday. ValuEngine downgraded Atlas Financial Holdings from a “hold” rating to a “sell” rating in a research note on Friday, June 16th. Finally, JMP Securities began coverage on Atlas Financial Holdings in a research note on Wednesday, May 24th. They set an “outperform” rating and a $18.00 price target on the stock. One research analyst has rated the stock with a sell rating, three have given a buy rating and one has issued a strong buy rating to the stock. Atlas Financial Holdings currently has a consensus rating of “Buy” and an average price target of $18.67.

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.

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