Atlas Financial (NASDAQ:AFH) was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating in a research note issued on Thursday.
A number of other equities analysts have also issued reports on AFH. ValuEngine upgraded shares of Atlas Financial from a “sell” rating to a “hold” rating in a research report on Friday, September 22nd. Zacks Investment Research lowered shares of Atlas Financial from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 10th. Boenning Scattergood reiterated a “buy” rating on shares of Atlas Financial in a research report on Tuesday, November 7th. Finally, Sandler O’Neill reiterated a “buy” rating and issued a $24.00 target price on shares of Atlas Financial in a research report on Wednesday. One analyst has rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Atlas Financial has an average rating of “Buy” and an average target price of $20.75.
Atlas Financial (NASDAQ AFH) opened at $20.35 on Thursday. The stock has a market cap of $256.86, a PE ratio of 145.37 and a beta of 0.88. 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 has a 12-month low of $12.15 and a 12-month high of $21.45.
Hedge funds have recently bought and sold shares of the business. Goldman Sachs Group Inc. purchased a new stake in Atlas Financial during the second quarter valued at about $151,000. Citadel Advisors LLC purchased a new stake in Atlas Financial during the second quarter valued at about $161,000. Parametric Portfolio Associates LLC purchased a new stake in Atlas Financial during the second quarter valued at about $165,000. Rhumbline Advisers lifted its stake in 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 buying an additional 290 shares in the last quarter. Finally, Alpine Woods Capital Investors LLC purchased a new stake in Atlas Financial during the third quarter valued at about $386,000. 79.73% of the stock is owned by institutional investors.
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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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