Atlas Financial (NASDAQ:AFH)‘s stock had its “buy” rating restated by equities research analysts at Sandler O’Neill in a note issued to investors on Wednesday. They presently have a $24.00 target price on the insurance provider’s stock. Sandler O’Neill’s price target indicates a potential upside of 17.65% from the company’s current price.

Other research analysts have also recently issued reports about the stock. Zacks Investment Research cut shares of Atlas Financial from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 10th. ValuEngine upgraded shares of Atlas Financial from a “sell” rating to a “hold” rating in a research report on Friday, September 22nd. Finally, Boenning Scattergood reiterated a “buy” rating on shares of Atlas Financial in a research report on Tuesday, November 7th. Four equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $20.75.

Shares of Atlas Financial (NASDAQ:AFH) traded down $0.60 during midday trading on Wednesday, reaching $20.40. 11,600 shares of the company’s stock were exchanged, compared to its average volume of 35,267. Atlas Financial has a twelve month low of $12.15 and a twelve month high of $21.45. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.59 and a quick ratio of 0.59. The company has a market capitalization of $256.86, a PE ratio of 145.72 and a beta of 0.88.

In other news, insider Leslie Dimaggio sold 5,503 shares of the firm’s stock in a transaction that occurred on Thursday, November 30th. The shares were sold at an average price of $20.31, for a total value of $111,765.93. Following the transaction, the insider now owns 82,182 shares in the company, valued at $1,669,116.42. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Scott D. Wollney sold 12,443 shares of the firm’s stock in a transaction that occurred on Wednesday, November 8th. The stock was sold at an average price of $20.10, for a total transaction of $250,104.30. Following the completion of the transaction, the chief executive officer now owns 345,151 shares in the company, valued at approximately $6,937,535.10. The disclosure for this sale can be found here. Insiders have sold 179,029 shares of company stock worth $3,549,810 over the last quarter. Company insiders own 13.30% of the company’s stock.

Institutional investors have recently modified their holdings of the company. Goldman Sachs Group Inc. purchased a new stake in Atlas Financial in the second quarter worth $151,000. Citadel Advisors LLC purchased a new stake in Atlas Financial in the second quarter worth $161,000. Parametric Portfolio Associates LLC purchased a new stake in Atlas Financial in the second quarter worth $165,000. Rhumbline Advisers lifted its stake in Atlas Financial by 2.5% in the second quarter. Rhumbline Advisers now owns 11,737 shares of the insurance provider’s stock worth $175,000 after acquiring an additional 290 shares during the period. Finally, Alpine Woods Capital Investors LLC purchased a new stake in Atlas Financial in the third quarter worth $386,000. Hedge funds and other institutional investors own 79.73% of the company’s stock.

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Atlas Financial 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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