Essex Investment Management Co. LLC Takes Position in Atlas Financial Holdings, Inc. (AFH)

Essex Investment Management Co. LLC purchased a new position in Atlas Financial Holdings, Inc. (NASDAQ:AFH) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 103,198 shares of the insurance provider’s stock, valued at approximately $1,538,000. Essex Investment Management Co. LLC owned 0.86% of Atlas Financial Holdings as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Geode Capital Management LLC increased its stake in shares of Atlas Financial Holdings by 3.6% in the first quarter. Geode Capital Management LLC now owns 75,786 shares of the insurance provider’s stock worth $1,034,000 after buying an additional 2,608 shares during the period. Foresters Investment Management Company Inc. boosted its stake 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 worth $3,358,000 after buying an additional 1,500 shares during the period. Royce & Associates LP boosted its stake 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 worth $4,161,000 after buying an additional 86,800 shares during the period. Ariel Investments LLC boosted its stake 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 worth $15,298,000 after buying an additional 140,581 shares during the period. Finally, Tieton Capital Management LLC purchased a new stake in Atlas Financial Holdings during the first quarter worth approximately $4,626,000. 78.35% of the stock is owned by institutional investors.

Atlas Financial Holdings, Inc. (NASDAQ AFH) opened at 16.00 on Friday. The firm has a market cap of $192.48 million, a PE ratio of 64.78 and a beta of 0.88. Atlas Financial Holdings, Inc. has a 52-week low of $12.15 and a 52-week high of $18.40. The firm’s 50-day moving average price is $15.21 and its 200 day moving average price is $14.55.

Atlas Financial Holdings (NASDAQ:AFH) last released its quarterly earnings results on Monday, August 7th. The insurance provider reported $0.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.42 by $0.30. The firm had revenue of $55.70 million during the quarter, compared to analyst estimates of $58.50 million. Atlas Financial Holdings had a net margin of 1.67% and a negative return on equity of 3.32%. On average, equities analysts anticipate that Atlas Financial Holdings, Inc. will post $1.66 earnings per share for the current year.

WARNING: This piece was posted by BNB Daily and is the property of of BNB Daily. If you are viewing this piece on another site, it was copied illegally and republished in violation of U.S. & international copyright law. The correct version of this piece can be viewed at https://www.baseball-news-blog.com/2017/08/19/103198-shares-in-atlas-financial-holdings-inc-afh-acquired-by-essex-investment-management-co-llc-updated-updated.html.

AFH has been the topic of a number of research analyst reports. Sandler O’Neill upgraded Atlas Financial Holdings from a “hold” rating to a “buy” rating in a research report on Wednesday, May 10th. Boenning Scattergood restated a “buy” rating on shares of Atlas Financial Holdings in a research report on Tuesday, August 8th. JMP Securities started coverage on Atlas Financial Holdings in a research report on Wednesday, May 24th. They issued an “outperform” rating and a $18.00 price target on the stock. ValuEngine cut Atlas Financial Holdings from a “hold” rating to a “sell” rating in a research report on Friday, June 16th. Finally, Zacks Investment Research upgraded Atlas Financial Holdings from a “hold” rating to a “strong-buy” rating and set a $19.00 price target on the stock in a research report on Tuesday. One research analyst has rated the stock with a sell rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $18.67.

In other Atlas Financial Holdings news, insider Kingsway America Inc sold 28,191 shares of the business’s stock in a transaction on Thursday, June 29th. The shares were sold at an average price of $15.10, for a total transaction of $425,684.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Walter Frederick Walker purchased 5,000 shares of the firm’s stock in a transaction on Tuesday, July 11th. The shares were acquired at an average price of $14.08 per share, with a total value of $70,400.00. The disclosure for this purchase can be found here. Insiders own 12.70% 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.

Institutional Ownership by Quarter for Atlas Financial Holdings (NASDAQ:AFH)

Receive News & Ratings for Atlas Financial Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Atlas Financial Holdings Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply