Pacific Ridge Capital Partners LLC lifted its stake in shares of Atlas Financial Holdings Inc (NASDAQ:AFH) by 32.1% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 247,791 shares of the insurance provider’s stock after purchasing an additional 60,234 shares during the period. Pacific Ridge Capital Partners LLC owned approximately 2.08% of Atlas Financial worth $2,490,000 at the end of the most recent quarter.
Other institutional investors also recently made changes to their positions in the company. Ariel Investments LLC grew its holdings in shares of Atlas Financial by 22.6% during the second quarter. Ariel Investments LLC now owns 1,629,226 shares of the insurance provider’s stock valued at $14,256,000 after buying an additional 299,919 shares in the last quarter. Tieton Capital Management LLC grew its holdings in shares of Atlas Financial by 24.6% during the third quarter. Tieton Capital Management LLC now owns 758,000 shares of the insurance provider’s stock valued at $7,618,000 after buying an additional 149,590 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Atlas Financial by 14.2% during the third quarter. Dimensional Fund Advisors LP now owns 527,644 shares of the insurance provider’s stock valued at $5,303,000 after buying an additional 65,674 shares in the last quarter. Granahan Investment Management Inc. MA grew its holdings in shares of Atlas Financial by 25.9% during the second quarter. Granahan Investment Management Inc. MA now owns 349,284 shares of the insurance provider’s stock valued at $3,056,000 after buying an additional 71,802 shares in the last quarter. Finally, Renaissance Technologies LLC grew its holdings in shares of Atlas Financial by 8.9% during the third quarter. Renaissance Technologies LLC now owns 225,663 shares of the insurance provider’s stock valued at $2,268,000 after buying an additional 18,451 shares in the last quarter. 75.13% of the stock is currently owned by institutional investors.
Shares of NASDAQ AFH opened at $9.01 on Friday. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 0.24. Atlas Financial Holdings Inc has a one year low of $8.05 and a one year high of $21.50. The stock has a market capitalization of $107.43 million, a price-to-earnings ratio of -2.49 and a beta of 1.03.
Atlas Financial (NASDAQ:AFH) last issued its earnings results on Monday, November 5th. The insurance provider reported $0.62 EPS for the quarter, beating analysts’ consensus estimates of $0.43 by $0.19. Atlas Financial had a negative return on equity of 48.83% and a negative net margin of 16.44%. The firm had revenue of $55.77 million for the quarter, compared to the consensus estimate of $52.00 million. On average, equities research analysts anticipate that Atlas Financial Holdings Inc will post 1.75 EPS for the current fiscal year.
A number of research analysts have recently weighed in on AFH shares. Zacks Investment Research upgraded Atlas Financial from a “sell” rating to a “hold” rating in a report on Friday, August 10th. ValuEngine downgraded Atlas Financial from a “hold” rating to a “sell” rating in a report on Tuesday, September 11th. Finally, Boenning Scattergood reiterated a “buy” rating on shares of Atlas Financial in a report on Tuesday, November 6th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the stock. Atlas Financial currently has an average rating of “Hold” and a consensus target price of $15.33.
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Atlas Financial Profile
Atlas Financial Holdings, Inc, through its subsidiaries, engages in underwriting commercial automobile insurance policies in the United States. Its automobile insurance products provide insurance coverage in three primary areas, including liability, accident benefits, and physical damage. The company focuses on the light commercial automobile sector, including taxi cabs, non-emergency para-transit, limousine, livery, and business autos.
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