Insider Selling: Magnolia Capital Partners, Llc Unloads 23,900 Shares of Atlas Financial Holdings Stock (AFH)
Atlas Financial Holdings (NYSE:AFH) major shareholder Magnolia Capital Partners, Llc sold 23,900 shares of the stock on the open market in a transaction dated Tuesday, June 24th. The shares were sold at an average price of $15.61, for a total value of $373,079.00. Following the completion of the sale, the insider now directly owns 1,256,039 shares in the company, valued at approximately $19,606,769. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Large shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.
Atlas Financial Holdings (NYSE:AFH) traded down 2.25% during mid-day trading on Wednesday, hitting $15.22. The stock had a trading volume of 94,865 shares. Atlas Financial Holdings has a 52 week low of $8.27 and a 52 week high of $16.32. The stock has a 50-day moving average of $14.89 and a 200-day moving average of $13.78. The company has a market cap of $146.3 million and a price-to-earnings ratio of 18.34.
Atlas Financial Holdings (NYSE:AFH) last released its earnings data 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. Analysts expect that Atlas Financial Holdings will post $1.09 EPS for the current fiscal year.
A number of research firms have recently commented on AFH. Analysts at Zacks downgraded shares of Atlas Financial Holdings from an “outperform” rating to a “neutral” rating in a research note on Tuesday. They now have a $17.30 price target on the stock. 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.
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.