Atlas Financial Holdings major shareholder Magnolia Capital Partners, Llc Unloads 56,000 Shares (AFH)
Atlas Financial Holdings (NYSE:AFH) major shareholder Magnolia Capital Partners, Llc sold 56,000 shares of Atlas Financial Holdings stock on the open market in a transaction that occurred on Wednesday, June 18th. The shares were sold at an average price of $15.88, for a total transaction of $889,280.00. Following the transaction, the insider now directly owns 1,279,939 shares in the company, valued at approximately $20,325,431. The sale was disclosed in a document filed with the SEC, which is available at this link. Major shareholders that own more than 10% of a company’s shares 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 down 0.06% during mid-day trading on Thursday, hitting $15.98. 100,895 shares of the company’s stock traded hands. Atlas Financial Holdings has a 52 week low of $8.20 and a 52 week high of $16.32. The stock’s 50-day moving average is $14.72 and its 200-day moving average is $13.69. The company has a market cap of $153.6 million and a price-to-earnings ratio of 18.83.
Atlas Financial Holdings (NYSE:AFH) last issued its quarterly earnings data on Wednesday, May 7th. The company reported $0.22 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.24 by $0.02. Analysts expect that Atlas Financial Holdings will post $1.09 EPS for the current fiscal year.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.