Atlas Financial Holdings Inc (AFH) Shares Bought by Clear Harbor Asset Management LLC

Clear Harbor Asset Management LLC increased its stake in Atlas Financial Holdings Inc (NASDAQ:AFH) by 32.8% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 138,675 shares of the insurance provider’s stock after buying an additional 34,252 shares during the period. Clear Harbor Asset Management LLC’s holdings in Atlas Financial were worth $1,317,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the stock. Essex Investment Management Co. LLC increased its stake in shares of Atlas Financial by 97.3% in the third quarter. Essex Investment Management Co. LLC now owns 187,372 shares of the insurance provider’s stock worth $1,883,000 after buying an additional 92,424 shares during the last quarter. United Services Automobile Association increased its stake in shares of Atlas Financial by 35.2% in the second quarter. United Services Automobile Association now owns 195,400 shares of the insurance provider’s stock worth $1,710,000 after buying an additional 50,900 shares during the last quarter. Granahan Investment Management Inc. MA increased its stake in Atlas Financial by 25.9% during the second quarter. Granahan Investment Management Inc. MA now owns 349,284 shares of the insurance provider’s stock valued at $3,056,000 after purchasing an additional 71,802 shares during the last quarter. Millennium Management LLC bought a new stake in Atlas Financial during the second quarter valued at $1,158,000. Finally, Paloma Partners Management Co bought a new stake in Atlas Financial during the second quarter valued at $448,000. Institutional investors and hedge funds own 76.80% of the company’s stock.

AFH stock opened at $9.30 on Friday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.56 and a current ratio of 0.56. Atlas Financial Holdings Inc has a 1-year low of $8.05 and a 1-year high of $21.50.



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

Several analysts have weighed in on the stock. ValuEngine upgraded shares of Atlas Financial from a “sell” rating to a “hold” rating in a research note on Thursday, August 9th. Zacks Investment Research upgraded shares of Atlas Financial from a “sell” rating to a “hold” rating in a research note on Friday, August 10th. Finally, Boenning Scattergood upgraded shares of Atlas Financial from a “neutral” rating to an “outperform” rating and set a $10.00 target price for the company in a research note on Tuesday, August 7th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Atlas Financial currently has a consensus rating of “Hold” and a consensus price target of $15.33.

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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