Pacific Ridge Capital Partners LLC lifted its stake in shares of Atlas Financial Holdings Inc (NASDAQ:AFH) by 32.1% in the 3rd quarter, HoldingsChannel reports. The fund owned 247,791 shares of the insurance provider’s stock after acquiring an additional 60,234 shares during the period. Pacific Ridge Capital Partners LLC’s holdings in Atlas Financial were worth $2,490,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. United Services Automobile Association lifted its position in shares of Atlas Financial by 35.2% during the 2nd quarter. United Services Automobile Association now owns 195,400 shares of the insurance provider’s stock worth $1,710,000 after purchasing an additional 50,900 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Atlas Financial by 20.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 461,970 shares of the insurance provider’s stock worth $4,042,000 after purchasing an additional 79,943 shares during the last quarter. Renaissance Technologies LLC lifted its position in shares of Atlas Financial by 44.3% during the 2nd quarter. Renaissance Technologies LLC now owns 207,212 shares of the insurance provider’s stock worth $1,813,000 after purchasing an additional 63,629 shares during the last quarter. Millennium Management LLC acquired a new position in shares of Atlas Financial during the 2nd quarter worth about $1,158,000. Finally, Tieton Capital Management LLC lifted its stake in shares of Atlas Financial by 24.6% in the 3rd quarter. Tieton Capital Management LLC now owns 758,000 shares of the insurance provider’s stock valued at $7,618,000 after purchasing an additional 149,590 shares during the period. Institutional investors own 75.13% of the company’s stock.
Several brokerages recently commented on AFH. ValuEngine raised Atlas Financial from a “sell” rating to a “hold” rating in a research note on Tuesday, October 2nd. Zacks Investment Research raised Atlas Financial from a “sell” rating to a “hold” rating in a research note on Friday, August 10th. Finally, Boenning Scattergood reaffirmed a “buy” rating on shares of Atlas Financial in a research note on Tuesday, November 6th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $15.33.
Shares of Atlas Financial stock opened at $9.01 on Friday. The firm has a market cap of $107.43 million, a P/E ratio of -2.49 and a beta of 1.03. Atlas Financial Holdings Inc has a 12 month low of $8.05 and a 12 month high of $21.50. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.59 and a current ratio of 0.59.
Atlas Financial (NASDAQ:AFH) last issued its quarterly earnings data on Monday, November 5th. The insurance provider reported $0.62 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.43 by $0.19. The business had revenue of $55.77 million for the quarter, compared to the consensus estimate of $52.00 million. Atlas Financial had a negative return on equity of 48.83% and a negative net margin of 16.44%. On average, analysts expect that Atlas Financial Holdings Inc will post 1.75 EPS for the current year.
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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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