Atlas Financial Holdings (AFH) Given Daily News Sentiment Score of 0.11
News coverage about Atlas Financial Holdings (NASDAQ:AFH) has trended somewhat positive on Sunday, Accern reports. Accern rates the sentiment of press coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Atlas Financial Holdings earned a coverage optimism score of 0.11 on Accern’s scale. Accern also assigned press coverage about the insurance provider an impact score of 43.5074998277709 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
A number of research firms recently issued reports on AFH. Boenning Scattergood reiterated a “buy” rating on shares of Atlas Financial Holdings in a report on Tuesday, August 8th. ValuEngine upgraded Atlas Financial Holdings from a “sell” rating to a “hold” rating in a report on Friday, September 22nd. Zacks Investment Research upgraded Atlas Financial Holdings from a “hold” rating to a “strong-buy” rating and set a $19.00 price objective for the company in a report on Tuesday, August 15th. Finally, TheStreet upgraded Atlas Financial Holdings from a “c” rating to a “b-” rating in a report on Friday, August 18th. One analyst has rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. Atlas Financial Holdings presently has a consensus rating of “Buy” and an average price target of $18.67.
Atlas Financial Holdings (AFH) opened at 18.90 on Friday. The company has a market capitalization of $227.37 million, a P/E ratio of 76.52 and a beta of 0.87. The firm has a 50-day moving average price of $16.53 and a 200-day moving average price of $14.67. Atlas Financial Holdings has a 1-year low of $12.15 and a 1-year high of $19.00.
Atlas Financial Holdings (NASDAQ:AFH) last issued its quarterly earnings data on Monday, August 7th. The insurance provider reported $0.72 EPS for the quarter, topping analysts’ consensus estimates 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 negative return on equity of 3.32% and a net margin of 1.67%. On average, analysts forecast that Atlas Financial Holdings will post $1.66 EPS for the current fiscal year.
In other news, insider Kingsway America Inc sold 1,936 shares of the company’s stock in a transaction that occurred on Tuesday, September 12th. The stock was sold at an average price of $17.10, for a total value of $33,105.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Walter Frederick Walker bought 5,000 shares of Atlas Financial Holdings stock in a transaction dated Tuesday, July 11th. The stock was acquired at an average cost of $14.08 per share, with a total value of $70,400.00. The disclosure for this purchase can be found here. Insiders have sold a total of 100,000 shares of company stock valued at $1,665,780 over the last three months. Corporate insiders own 12.70% of the company’s stock.
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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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