Atlas Financial Holdings major shareholder Sells $347,486 in Stock (AFH)
Atlas Financial Holdings (NYSE:AFH) major shareholder Magnolia Capital Partners, Llc unloaded 21,965 shares of the stock on the open market in a transaction dated Monday, June 16th. The stock was sold at an average price of $15.82, for a total value of $347,486.30. Following the sale, the insider now directly owns 1,335,939 shares in the company, valued at approximately $21,134,555. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Large shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.
Separately, analysts at Janney Montgomery Scott initiated coverage on shares of Atlas Financial Holdings in a research note on Tuesday, June 10th. They set a “neutral” rating on the stock.
Atlas Financial Holdings (NYSE:AFH) traded up 0.06% during mid-day trading on Wednesday, hitting $15.99. The stock had a trading volume of 121,841 shares. Atlas Financial Holdings has a 1-year low of $8.20 and a 1-year high of $16.32. The stock has a 50-day moving average of $14.67 and a 200-day moving average of $13.67. The company has a market cap of $153.7 million and a price-to-earnings ratio of 18.82.
Atlas Financial Holdings (NYSE:AFH) last announced its earnings results on Wednesday, May 7th. The company reported $0.22 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.24 by $0.02. On average, analysts predict that Atlas Financial Holdings will post $1.09 earnings per share for the current fiscal year.
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