Atlas Financial (NASDAQ:AFH) Trading Down 3.1%

Atlas Financial Holdings Inc (NASDAQ:AFH) shares traded down 3.1% on Wednesday . The stock traded as low as $0.64 and last traded at $0.63. 24,191 shares were traded during mid-day trading, a decline of 95% from the average session volume of 535,585 shares. The stock had previously closed at $0.65.

AFH has been the topic of several analyst reports. Zacks Investment Research lowered shares of Atlas Financial from a “buy” rating to a “hold” rating in a research report on Tuesday, February 12th. ValuEngine raised shares of Atlas Financial from a “sell” rating to a “hold” rating in a research report on Tuesday, March 5th.

The company has a debt-to-equity ratio of 0.24, a current ratio of 0.59 and a quick ratio of 0.59.

A number of institutional investors have recently made changes to their positions in AFH. Seacliff Capital LLC acquired a new stake in Atlas Financial during the fourth quarter worth about $809,000. Tieton Capital Management LLC grew its stake in Atlas Financial by 0.9% during the fourth quarter. Tieton Capital Management LLC now owns 764,720 shares of the insurance provider’s stock worth $6,187,000 after buying an additional 6,720 shares in the last quarter. Prescott Group Capital Management L.L.C. grew its stake in Atlas Financial by 186.6% during the fourth quarter. Prescott Group Capital Management L.L.C. now owns 233,642 shares of the insurance provider’s stock worth $1,890,000 after buying an additional 152,106 shares in the last quarter. Clear Harbor Asset Management LLC grew its stake in Atlas Financial by 1.5% during the fourth quarter. Clear Harbor Asset Management LLC now owns 140,799 shares of the insurance provider’s stock worth $1,139,000 after buying an additional 2,124 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in Atlas Financial by 6.0% during the fourth quarter. Dimensional Fund Advisors LP now owns 559,248 shares of the insurance provider’s stock worth $4,524,000 after buying an additional 31,604 shares in the last quarter. Hedge funds and other institutional investors own 50.86% of the company’s stock.

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Atlas Financial Company Profile (NASDAQ:AFH)

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.

Read More: Trading on Margin

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