Atlas Financial Holdings, Inc. (AFH) Insider Kingsway America Inc Sells 28,191 Shares

Atlas Financial Holdings, Inc. (NASDAQ:AFH) insider Kingsway America Inc sold 28,191 shares of the company’s stock in a transaction that occurred on Thursday, June 29th. The shares were sold at an average price of $15.10, for a total value of $425,684.10. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Shares of Atlas Financial Holdings, Inc. (NASDAQ AFH) traded up 0.65% during mid-day trading on Friday, reaching $15.40. The company’s stock had a trading volume of 35,752 shares. The stock has a 50 day moving average of $14.86 and a 200-day moving average of $14.65. The stock has a market cap of $185.26 million, a P/E ratio of 77.78 and a beta of 0.88. Atlas Financial Holdings, Inc. has a one year low of $12.15 and a one year high of $18.40.

Atlas Financial Holdings (NASDAQ:AFH) last announced its earnings results on Monday, May 8th. The insurance provider reported $0.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.32 by $0.29. The company had revenue of $49.82 million for the quarter. Atlas Financial Holdings had a negative return on equity of 4.19% and a net margin of 1.46%. On average, equities research analysts expect that Atlas Financial Holdings, Inc. will post $1.59 EPS for the current fiscal year.

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Several research analysts recently issued reports on the company. ValuEngine cut Atlas Financial Holdings from a “hold” rating to a “sell” rating in a research note on Friday, June 16th. Boenning Scattergood assumed coverage on Atlas Financial Holdings in a research note on Tuesday, June 13th. They issued an “outperform” rating and a $19.00 price objective on the stock. JMP Securities assumed coverage on Atlas Financial Holdings in a research note on Wednesday, May 24th. They issued an “outperform” rating and a $18.00 price objective on the stock. Finally, Sandler O’Neill raised Atlas Financial Holdings from a “hold” rating to a “buy” rating in a research note on Wednesday, May 10th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the stock. Atlas Financial Holdings currently has an average rating of “Hold” and a consensus price target of $18.50.

Several institutional investors have recently bought and sold shares of the company. Ariel Investments LLC increased its position in Atlas Financial Holdings by 14.3% in the first quarter. Ariel Investments LLC now owns 1,120,753 shares of the insurance provider’s stock valued at $15,298,000 after buying an additional 140,581 shares during the period. WCM Investment Management CA increased its position in Atlas Financial Holdings by 23.0% in the first quarter. WCM Investment Management CA now owns 445,378 shares of the insurance provider’s stock valued at $6,079,000 after buying an additional 83,175 shares during the period. Tieton Capital Management LLC acquired a new position in Atlas Financial Holdings during the first quarter valued at approximately $4,626,000. Royce & Associates LP increased its position in Atlas Financial Holdings by 39.8% in the first quarter. Royce & Associates LP now owns 304,800 shares of the insurance provider’s stock valued at $4,161,000 after buying an additional 86,800 shares during the period. Finally, Foresters Investment Management Company Inc. increased its position in Atlas Financial Holdings by 0.6% in the first quarter. Foresters Investment Management Company Inc. now owns 246,000 shares of the insurance provider’s stock valued at $3,358,000 after buying an additional 1,500 shares during the period. Institutional investors and hedge funds own 79.92% of the company’s stock.

About Atlas Financial Holdings

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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