Insider Selling: Atlas Financial Holdings, Inc. (AFH) Director Sells 1,676 Shares of Stock
Atlas Financial Holdings, Inc. (NASDAQ:AFH) Director Joseph Raymond Shugrue sold 1,676 shares of the stock in a transaction that occurred on Thursday, November 30th. The shares were sold at an average price of $20.12, for a total value of $33,721.12. Following the transaction, the director now owns 81,765 shares of the company’s stock, valued at $1,645,111.80. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.
Shares of Atlas Financial Holdings, Inc. (AFH) traded down $1.05 on Friday, reaching $18.95. The company had a trading volume of 31,216 shares, compared to its average volume of 46,218. Atlas Financial Holdings, Inc. has a 52-week low of $12.15 and a 52-week high of $20.70. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 0.17.
Institutional investors and hedge funds have recently made changes to their positions in the stock. Goldman Sachs Group Inc. bought a new position in Atlas Financial during the second quarter worth $151,000. Citadel Advisors LLC bought a new position in Atlas Financial during the second quarter worth $161,000. Parametric Portfolio Associates LLC bought a new position in Atlas Financial during the second quarter worth $165,000. Rhumbline Advisers lifted its stake in Atlas Financial by 2.5% during the second quarter. Rhumbline Advisers now owns 11,737 shares of the insurance provider’s stock worth $175,000 after purchasing an additional 290 shares during the last quarter. Finally, Teachers Advisors LLC lifted its stake in Atlas Financial by 16.6% during the second quarter. Teachers Advisors LLC now owns 20,463 shares of the insurance provider’s stock worth $305,000 after purchasing an additional 2,914 shares during the last quarter. Hedge funds and other institutional investors own 79.73% of the company’s stock.
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About Atlas Financial
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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