Tieton Capital Management LLC increased its position in shares of Atlas Financial Holdings Inc (NASDAQ:AFH) by 42.1% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 608,410 shares of the insurance provider’s stock after acquiring an additional 180,200 shares during the quarter. Atlas Financial comprises about 4.1% of Tieton Capital Management LLC’s investment portfolio, making the stock its 9th largest position. Tieton Capital Management LLC owned approximately 0.05% of Atlas Financial worth $5,324,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Clear Harbor Asset Management LLC acquired a new position in shares of Atlas Financial in the 2nd quarter valued at about $914,000. LMR Partners LLP acquired a new position in shares of Atlas Financial in the 2nd quarter valued at about $280,000. Wedge Capital Management L L P NC lifted its stake in shares of Atlas Financial by 26.6% in the 2nd quarter. Wedge Capital Management L L P NC now owns 116,308 shares of the insurance provider’s stock valued at $1,018,000 after purchasing an additional 24,457 shares during the period. Eidelman Virant Capital acquired a new position in shares of Atlas Financial in the 2nd quarter valued at about $175,000. Finally, A.R.T. Advisors LLC acquired a new position in shares of Atlas Financial in the 1st quarter valued at about $172,000. 76.65% of the stock is currently owned by institutional investors and hedge funds.

In other news, Director John Taylor Maloney Fitzgerald bought 6,000 shares of the firm’s stock in a transaction that occurred on Thursday, June 28th. The stock was acquired at an average cost of $8.90 per share, with a total value of $53,400.00. Following the transaction, the director now directly owns 50,354 shares of the company’s stock, valued at approximately $448,150.60. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 15.10% of the company’s stock.

A number of brokerages have recently issued reports on AFH. Boenning Scattergood downgraded Atlas Financial to a “hold” rating in a research note on Friday, April 27th. ValuEngine raised Atlas Financial from a “sell” rating to a “hold” rating in a research note on Thursday, August 9th. Finally, Zacks Investment Research raised Atlas Financial from a “strong sell” rating to a “buy” rating and set a $12.00 price objective on the stock in a research note on Wednesday, May 2nd. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Atlas Financial has a consensus rating of “Hold” and an average price target of $15.33.

Shares of Atlas Financial stock opened at $10.70 on Friday. Atlas Financial Holdings Inc has a one year low of $8.05 and a one year high of $21.50. The stock has a market capitalization of $123.55 million, a P/E ratio of -2.96 and a beta of 1.11. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.56 and a quick ratio of 0.56.

Atlas Financial (NASDAQ:AFH) last issued its earnings results on Monday, August 6th. The insurance provider reported $0.47 EPS for the quarter, beating analysts’ consensus estimates of $0.44 by $0.03. Atlas Financial had a negative return on equity of 43.63% and a negative net margin of 16.52%. The business had revenue of $56.73 million during the quarter, compared to analyst estimates of $57.30 million. analysts expect that Atlas Financial Holdings Inc will post 1.7 EPS for the current fiscal year.

About Atlas Financial

Atlas Financial Holdings, Inc, through its subsidiaries, engages in underwriting commercial automobile insurance policies in the United States. Its automobile insurance products provide insurance coverage in three primary areas, including liability, accident benefits, and physical damage. The company focuses on the light commercial automobile sector, including taxi cabs, non-emergency para-transit, limousine, livery, and business autos.

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

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