Atlas Financial Holdings, Inc. (NASDAQ:AFH) has been assigned an average recommendation of “Hold” from the six research firms that are currently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating on the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $18.50.

A number of research analysts have recently commented on AFH shares. TheStreet cut Atlas Financial Holdings from a “b-” rating to a “c” rating in a research report on Monday, March 13th. Sandler O’Neill raised Atlas Financial Holdings from a “hold” rating to a “buy” rating in a research report on Wednesday, May 10th. JMP Securities started coverage on Atlas Financial Holdings in a research report on Wednesday, May 24th. They set an “outperform” rating and a $18.00 price target on the stock. ValuEngine cut Atlas Financial Holdings from a “hold” rating to a “sell” rating in a research report on Friday, June 16th. Finally, Boenning Scattergood started coverage on Atlas Financial Holdings in a research report on Tuesday, June 13th. They set an “outperform” rating and a $19.00 price target on the stock.

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In related news, insider Kingsway America Inc sold 28,191 shares of the business’s stock in a transaction on Thursday, June 29th. The stock was sold at an average price of $15.10, for a total transaction of $425,684.10. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 12.70% of the company’s stock.

A number of institutional investors have recently made changes to their positions in the company. Geode Capital Management LLC raised its position in shares of Atlas Financial Holdings by 3.6% in the first quarter. Geode Capital Management LLC now owns 75,786 shares of the insurance provider’s stock worth $1,034,000 after buying an additional 2,608 shares in the last quarter. Foresters Investment Management Company Inc. raised its position in shares of Atlas Financial Holdings by 0.6% in the first quarter. Foresters Investment Management Company Inc. now owns 246,000 shares of the insurance provider’s stock worth $3,358,000 after buying an additional 1,500 shares in the last quarter. Royce & Associates LP raised its position in shares of Atlas Financial Holdings by 39.8% in the first quarter. Royce & Associates LP now owns 304,800 shares of the insurance provider’s stock worth $4,161,000 after buying an additional 86,800 shares in the last quarter. Ariel Investments LLC raised its position in shares of Atlas Financial Holdings by 14.3% in the first quarter. Ariel Investments LLC now owns 1,120,753 shares of the insurance provider’s stock worth $15,298,000 after buying an additional 140,581 shares in the last quarter. Finally, Tieton Capital Management LLC acquired a new position in shares of Atlas Financial Holdings during the first quarter worth $4,626,000. Institutional investors and hedge funds own 79.92% of the company’s stock.

Atlas Financial Holdings (NASDAQ AFH) traded up 0.18% on Tuesday, reaching $14.07. The company’s stock had a trading volume of 54,395 shares. The firm has a market cap of $169.32 million, a price-to-earnings ratio of 71.09 and a beta of 0.88. Atlas Financial Holdings has a 12 month low of $12.15 and a 12 month high of $18.40. The firm has a 50 day moving average of $14.91 and a 200 day moving average of $15.03.

Atlas Financial Holdings (NASDAQ:AFH) last issued its quarterly earnings results on Monday, May 8th. The insurance provider reported $0.61 EPS for the quarter, beating analysts’ consensus estimates of $0.32 by $0.29. Atlas Financial Holdings had a negative return on equity of 4.19% and a net margin of 1.46%. The firm had revenue of $49.82 million for the quarter. Analysts anticipate that Atlas Financial Holdings will post $1.60 earnings per share for the current year.

Atlas Financial Holdings Company Profile

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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