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Atlas Financial Holdings (NYSE:AFH) major shareholder Magnolia Capital Partners, Llc sold 12,972 shares of the company’s stock in a transaction dated Monday, July 14th. The shares were sold at an average price of $14.71, for a total value of $190,818.12. Following the completion of the transaction, the insider now directly owns 1,238,663 shares in the company, valued at approximately $18,220,733. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Major shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Shares of Atlas Financial Holdings (NYSE:AFH) traded down 0.91% during mid-day trading on Wednesday, hitting $14.19. The stock had a trading volume of 79,215 shares. Atlas Financial Holdings has a 52 week low of $8.60 and a 52 week high of $16.32. The stock has a 50-day moving average of $15.19 and a 200-day moving average of $13.96. The company has a market cap of $136.4 million and a price-to-earnings ratio of 16.87.

Atlas Financial Holdings (NYSE:AFH) last announced its earnings results on Wednesday, May 7th. The company reported $0.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.24 by $0.02. On average, analysts predict that Atlas Financial Holdings will post $1.08 earnings per share for the current fiscal year.

Several analysts have recently commented on the stock. Analysts at Zacks downgraded shares of Atlas Financial Holdings from an “outperform” rating to a “neutral” rating in a research note on Tuesday, June 24th. 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.

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