Atlas Financial (NASDAQ:AFH) Sees Strong Trading Volume

Shares of Atlas Financial Holdings Inc (NASDAQ:AFH) saw an uptick in trading volume on Monday . 5,856,419 shares were traded during mid-day trading, an increase of 1,002% from the previous session’s volume of 531,230 shares.The stock last traded at $0.72 and had previously closed at $0.64.

A number of research firms have commented on AFH. Zacks Investment Research downgraded 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 quick ratio of 0.59 and a current ratio of 0.59.

Several hedge funds have recently modified their holdings of the company. Tieton Capital Management LLC grew its position in shares of Atlas Financial by 10.6% during the 1st quarter. Tieton Capital Management LLC now owns 845,925 shares of the insurance provider’s stock valued at $2,081,000 after acquiring an additional 81,205 shares during the period. Punch & Associates Investment Management Inc. grew its position in shares of Atlas Financial by 20.3% during the 1st quarter. Punch & Associates Investment Management Inc. now owns 599,000 shares of the insurance provider’s stock valued at $1,474,000 after acquiring an additional 100,918 shares during the period. Dimensional Fund Advisors LP grew its position in shares of Atlas Financial by 6.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 559,248 shares of the insurance provider’s stock valued at $4,524,000 after acquiring an additional 31,604 shares during the period. Renaissance Technologies LLC grew its position in shares of Atlas Financial by 57.3% during the 1st quarter. Renaissance Technologies LLC now owns 344,318 shares of the insurance provider’s stock valued at $847,000 after acquiring an additional 125,360 shares during the period. Finally, Prescott Group Capital Management L.L.C. grew its position in shares of Atlas Financial by 186.6% during the 4th quarter. Prescott Group Capital Management L.L.C. now owns 233,642 shares of the insurance provider’s stock valued at $1,890,000 after acquiring an additional 152,106 shares during the period. 50.86% of the stock is owned by hedge funds and other institutional investors.

ILLEGAL ACTIVITY NOTICE: This piece was originally reported by Modern Readers and is the property of of Modern Readers. If you are reading this piece on another publication, it was stolen and republished in violation of U.S. & international trademark & copyright laws. The correct version of this piece can be viewed at https://www.modernreaders.com/news/2019/06/13/atlas-financial-nasdaqafh-sees-strong-trading-volume.html.

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.

Further Reading: Quiet Period

Receive News & Ratings for Atlas Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Atlas Financial and related companies with MarketBeat.com's FREE daily email newsletter.