Joseph Raymond Shugrue Sells 1,676 Shares of Atlas Financial Holdings, Inc. (AFH) Stock

Atlas Financial Holdings, Inc. (NASDAQ:AFH) Director Joseph Raymond Shugrue sold 1,676 shares of Atlas Financial stock in a transaction dated Thursday, November 30th. The stock was sold at an average price of $20.12, for a total transaction of $33,721.12. Following the completion of the transaction, the director now directly owns 81,765 shares of the company’s stock, valued at $1,645,111.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Atlas Financial Holdings, Inc. (AFH) traded down $1.05 on Friday, hitting $18.95. 31,132 shares of the stock traded hands, compared to its average volume of 30,135. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.59 and a quick ratio of 0.59. Atlas Financial Holdings, Inc. has a 1 year low of $12.15 and a 1 year high of $20.70.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Goldman Sachs Group Inc. purchased a new position in shares of Atlas Financial during the second quarter valued at approximately $151,000. Citadel Advisors LLC purchased a new position in shares of Atlas Financial during the second quarter valued at approximately $161,000. Parametric Portfolio Associates LLC purchased a new position in shares of Atlas Financial during the second quarter valued at approximately $165,000. Rhumbline Advisers raised its holdings in shares of Atlas Financial by 2.5% during the second quarter. Rhumbline Advisers now owns 11,737 shares of the insurance provider’s stock valued at $175,000 after purchasing an additional 290 shares during the last quarter. Finally, Alpine Woods Capital Investors LLC purchased a new position in shares of Atlas Financial during the third quarter valued at approximately $386,000. 79.73% of the stock is owned by hedge funds and other institutional investors.

Several research analysts have issued reports on AFH shares. TheStreet raised shares of Atlas Financial from a “c” rating to a “b-” rating in a report on Friday, August 18th. Zacks Investment Research raised shares of Atlas Financial from a “sell” rating to a “hold” rating in a report on Tuesday, November 14th. Boenning Scattergood reaffirmed a “buy” rating on shares of Atlas Financial in a report on Tuesday, November 7th. Finally, ValuEngine raised shares of Atlas Financial from a “sell” rating to a “hold” rating in a report on Friday, September 22nd. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. Atlas Financial currently has an average rating of “Buy” and a consensus price target of $18.67.

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About Atlas Financial

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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