Atlas Financial (NASDAQ:AFH) Trading Up 14.3%

Atlas Financial Holdings Inc (NASDAQ:AFH)’s stock price rose 14.3% during trading on Monday . The stock traded as high as $0.43 and last traded at $0.40, approximately 253,035 shares were traded during mid-day trading. A decline of 47% from the average daily volume of 481,559 shares. The stock had previously closed at $0.35.

Separately, ValuEngine raised Atlas Financial from a “hold” rating to a “buy” rating in a report on Wednesday, May 1st.

The firm has a fifty day moving average of $0.52 and a 200 day moving average of $2.43.

Several large investors have recently bought and sold shares of AFH. Renaissance Technologies LLC increased its holdings in shares of Atlas Financial by 177.8% in the second quarter. Renaissance Technologies LLC now owns 956,529 shares of the insurance provider’s stock valued at $694,000 after purchasing an additional 612,211 shares during the last quarter. RBF Capital LLC acquired a new stake in shares of Atlas Financial in the second quarter valued at approximately $145,000. Punch & Associates Investment Management Inc. grew its position in Atlas Financial by 20.3% in the first quarter. Punch & Associates Investment Management Inc. now owns 599,000 shares of the insurance provider’s stock worth $1,474,000 after acquiring an additional 100,918 shares during the period. Tieton Capital Management LLC grew its position in Atlas Financial by 10.6% in the first quarter. Tieton Capital Management LLC now owns 845,925 shares of the insurance provider’s stock worth $2,081,000 after acquiring an additional 81,205 shares during the period. Finally, Cetera Advisor Networks LLC purchased a new position in Atlas Financial in the second quarter worth approximately $51,000. 46.76% of the stock is owned by hedge funds and other institutional investors.

About Atlas Financial (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.

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