Granite Investment Partners LLC bought 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 (SEC). The fund bought 95,433 shares of the insurance provider’s stock, valued at approximately $1,422,000.

A number of other hedge funds have also recently added to or reduced their stakes in AFH. Bank of New York Mellon Corp increased its stake in Atlas Financial Holdings by 2.0% in the first quarter. Bank of New York Mellon Corp now owns 35,864 shares of the insurance provider’s stock worth $490,000 after buying an additional 710 shares in the last quarter. Wedbush Securities Inc. increased its stake in Atlas Financial Holdings by 5.3% in the first quarter. Wedbush Securities Inc. now owns 15,815 shares of the insurance provider’s stock worth $216,000 after buying an additional 800 shares in the last quarter. Foresters Investment Management Company Inc. increased 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 in the last quarter. Geode Capital Management LLC increased its stake in 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 in the last quarter. Finally, Oxford Asset Management increased its stake in Atlas Financial Holdings by 24.3% in the first quarter. Oxford Asset Management now owns 26,383 shares of the insurance provider’s stock worth $360,000 after buying an additional 5,153 shares in the last quarter. 80.27% of the stock is owned by institutional investors and hedge funds.

Shares of Atlas Financial Holdings, Inc. (AFH) opened at 16.30 on Friday. The company’s 50-day moving average price is $15.04 and its 200 day moving average price is $14.58. The company has a market cap of $196.09 million, a price-to-earnings ratio of 65.99 and a beta of 0.88. Atlas Financial Holdings, Inc. has a 1-year low of $12.15 and a 1-year high of $18.40.

Atlas Financial Holdings (NASDAQ:AFH) last issued its earnings results on Monday, August 7th. The insurance provider reported $0.72 earnings per share for the quarter, topping the consensus estimate of $0.42 by $0.30. The company had revenue of $55.70 million during the quarter, compared to the consensus estimate 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, analysts predict that Atlas Financial Holdings, Inc. will post $1.66 earnings per share for the current fiscal year.

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A number of research firms have issued reports on AFH. JMP Securities began coverage on Atlas Financial Holdings in a research report on Wednesday, May 24th. They issued an “outperform” rating and a $18.00 target price for the company. Boenning Scattergood began coverage on Atlas Financial Holdings in a report on Tuesday, June 13th. They issued an “outperform” rating and a $19.00 price target for the company. ValuEngine lowered Atlas Financial Holdings from a “hold” rating to a “sell” rating in a report on Friday, June 16th. Finally, Sandler O’Neill raised Atlas Financial Holdings from a “hold” rating to a “buy” rating in a report on Wednesday, May 10th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company. Atlas Financial Holdings presently has a consensus rating of “Hold” and an average price target of $18.50.

In other Atlas Financial Holdings news, insider Kingsway America Inc sold 28,191 shares of the stock in a transaction dated Thursday, June 29th. The shares were sold at an average price of $15.10, for a total transaction of $425,684.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Walter Frederick Walker acquired 5,000 shares of the company’s stock in a transaction on Tuesday, July 11th. The shares were bought 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. Corporate 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.

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

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