Shares of Atlas Financial Holdings Inc (NASDAQ:AFH) have been given an average rating of “Buy” by the seven brokerages that are currently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $21.00.
AFH has been the subject of a number of recent analyst reports. Sandler O’Neill reiterated a “buy” rating and set a $24.00 price target on shares of Atlas Financial in a report on Wednesday, January 10th. ValuEngine raised shares of Atlas Financial from a “hold” rating to a “buy” rating in a research report on Friday, December 1st. BidaskClub raised shares of Atlas Financial from a “hold” rating to a “buy” rating in a research report on Wednesday, January 24th. Boenning Scattergood reissued a “buy” rating on shares of Atlas Financial in a research report on Tuesday, November 7th. Finally, Zacks Investment Research cut shares of Atlas Financial from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 20th.
In other news, VP Paul Anthony Romano, Jr. sold 6,384 shares of the stock in a transaction dated Thursday, November 30th. The shares were sold at an average price of $20.31, for a total transaction of $129,659.04. Following the transaction, the vice president now owns 82,534 shares of the company’s stock, valued at approximately $1,676,265.54. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Walter Frederick Walker sold 63,800 shares of the stock in a transaction dated Tuesday, November 28th. The stock was sold at an average price of $20.04, for a total transaction of $1,278,552.00. Following the transaction, the director now directly owns 82,182 shares in the company, valued at approximately $1,646,927.28. The disclosure for this sale can be found here. Insiders have sold a total of 102,989 shares of company stock worth $2,049,916 in the last three months. Insiders own 13.30% of the company’s stock.
Shares of Atlas Financial (NASDAQ:AFH) traded up $0.10 during trading on Wednesday, reaching $17.90. The company’s stock had a trading volume of 22,600 shares, compared to its average volume of 29,621. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.59 and a current ratio of 0.59. Atlas Financial has a 52-week low of $12.15 and a 52-week high of $21.50. The firm has a market cap of $215.35, a P/E ratio of 127.87 and a beta of 0.79.
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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