Zacks Investment Research upgraded shares of Atlas Financial (NASDAQ:AFH) from a hold rating to a strong-buy rating in a research report sent to investors on Monday morning. Zacks Investment Research currently has $22.00 price target on the insurance provider’s stock.

According to Zacks, “Atlas Financial Holdings Inc. provides commercial automobile insurance policies primarily in the United States through its subsidiaries. The company provides insurance coverage to taxi cabs, non-emergency para-transit, limousine/livery and business auto. Atlas Financial Holdings Inc. is based in United States. “

Several other equities research analysts have also issued reports on AFH. ValuEngine raised shares of Atlas Financial from a sell rating to a hold rating in a research note on Friday, September 22nd. Boenning Scattergood reaffirmed a buy rating on shares of Atlas Financial in a research note on Tuesday, November 7th. Four investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. Atlas Financial has an average rating of Buy and an average target price of $19.67.

Shares of Atlas Financial (NASDAQ:AFH) opened at $19.05 on Monday. 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 $20.80. The stock has a market cap of $229.18, a price-to-earnings ratio of 136.08 and a beta of 0.88.

In other Atlas Financial news, Director Bruce Wayne Giles sold 7,776 shares of the business’s stock in a transaction on Wednesday, November 8th. The shares were sold at an average price of $20.10, for a total transaction of $156,297.60. Following the completion of the transaction, the director now owns 79,018 shares of the company’s stock, valued at approximately $1,588,261.80. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Walter Frederick Walker sold 63,800 shares of the business’s stock in a transaction on 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 of the company’s stock, valued at approximately $1,646,927.28. The disclosure for this sale can be found here. In the last ninety days, insiders sold 179,029 shares of company stock valued at $3,549,810. 13.30% of the stock is owned by company insiders.

A number of institutional investors have recently added to or reduced their stakes in AFH. Geode Capital Management LLC increased its holdings in shares of Atlas Financial by 3.6% during the 1st quarter. Geode Capital Management LLC now owns 75,786 shares of the insurance provider’s stock worth $1,034,000 after purchasing an additional 2,608 shares during the period. Dimensional Fund Advisors LP increased its holdings in shares of Atlas Financial by 15.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 203,514 shares of the insurance provider’s stock worth $2,778,000 after purchasing an additional 27,961 shares during the period. Rhumbline Advisers increased its holdings in shares of Atlas Financial by 2.5% during the 2nd quarter. Rhumbline Advisers now owns 11,737 shares of the insurance provider’s stock worth $175,000 after purchasing an additional 290 shares during the period. Pacific Ridge Capital Partners LLC bought a new position in shares of Atlas Financial during the 2nd quarter worth about $1,582,000. Finally, Kennedy Capital Management Inc. increased its holdings in shares of Atlas Financial by 164.8% during the 2nd quarter. Kennedy Capital Management Inc. now owns 107,970 shares of the insurance provider’s stock worth $1,609,000 after purchasing an additional 67,196 shares during the period. 79.73% of the stock is owned by hedge funds and other institutional investors.

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Atlas Financial 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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