Atlas Financial Holdings Inc (NASDAQ:AFH) was upgraded by investment analysts at Sandler O’Neill from a “hold” rating to a “buy” rating in a note issued to investors on Wednesday, May 10th.
Separately, TheStreet downgraded Atlas Financial Holdings from a “b-” rating to a “c” rating in a report on Monday, March 13th.
Atlas Financial Holdings (NASDAQ:AFH) last released its quarterly earnings data on Monday, May 8th. The insurance provider reported $0.61 EPS for the quarter, topping analysts’ consensus estimates of $0.32 by $0.29. The business had revenue of $49.82 million during the quarter. Atlas Financial Holdings had a return on equity of 16.96% and a net margin of 11.77%.
Several hedge funds have recently added to or reduced their stakes in the company. Ranger Investment Management L.P. increased its stake in Atlas Financial Holdings by 110.0% in the first quarter. Ranger Investment Management L.P. now owns 98,390 shares of the insurance provider’s stock worth $1,343,000 after buying an additional 51,530 shares during the last quarter. GMT Capital Corp purchased a new position in Atlas Financial Holdings during the first quarter worth $355,000. Dimensional Fund Advisors LP boosted its position in Atlas Financial Holdings by 15.9% in the first quarter. Dimensional Fund Advisors LP now owns 203,514 shares of the insurance provider’s stock worth $2,778,000 after buying an additional 27,961 shares during the last quarter. Globeflex Capital L P purchased a new position in Atlas Financial Holdings during the first quarter worth $592,000. Finally, Kennedy Capital Management Inc. purchased a new position in Atlas Financial Holdings during the first quarter worth $557,000. Institutional investors and hedge funds own 69.04% of the company’s stock.
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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