Atlas Financial (NASDAQ:AFH) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued to investors on Tuesday, September 18th. The brokerage presently has a $12.00 target price on the insurance provider’s stock. Zacks Investment Research‘s target price would indicate a potential upside of 27.12% from the company’s previous close.

According to Zacks, “Atlas Financial Holdings Inc. provides commercial automobile insurance policies primarily in the United States through its subsidiaries. The company provides insurance coverage to taxi cabs, non-emergency para-transit, limousine/livery and business auto. Atlas Financial Holdings Inc. is based in United States. “

A number of other analysts also recently issued reports on the stock. ValuEngine downgraded shares of Atlas Financial from a “hold” rating to a “sell” rating in a report on Tuesday, September 11th. Boenning Scattergood upgraded shares of Atlas Financial from a “neutral” rating to an “outperform” rating and set a $10.00 target price on the stock in a research report on Tuesday, August 7th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Atlas Financial presently has an average rating of “Hold” and an average price target of $15.33.

NASDAQ:AFH traded down $0.19 during trading hours on Tuesday, hitting $9.44. The stock had a trading volume of 39,688 shares, compared to its average volume of 86,299. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.56 and a quick ratio of 0.56. Atlas Financial has a one year low of $8.05 and a one year high of $21.50. The company has a market cap of $119.97 million, a price-to-earnings ratio of -2.61 and a beta of 1.25.

Atlas Financial (NASDAQ:AFH) last announced its quarterly earnings results on Monday, August 6th. The insurance provider reported $0.47 EPS for the quarter, beating the Thomson Reuters’ 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 the consensus estimate of $57.30 million. Equities research analysts expect that Atlas Financial will post 1.7 EPS for the current fiscal year.

Large investors have recently modified their holdings of the stock. A.R.T. Advisors LLC purchased a new position in shares of Atlas Financial in the first quarter valued at about $172,000. Eidelman Virant Capital purchased a new position in shares of Atlas Financial in the second quarter valued at about $175,000. Trexquant Investment LP increased its position in shares of Atlas Financial by 46.6% in the first quarter. Trexquant Investment LP now owns 22,602 shares of the insurance provider’s stock valued at $234,000 after acquiring an additional 7,189 shares during the period. Schwab Charles Investment Management Inc. increased its position in shares of Atlas Financial by 47.3% in the first quarter. Schwab Charles Investment Management Inc. now owns 24,900 shares of the insurance provider’s stock valued at $258,000 after acquiring an additional 8,000 shares during the period. Finally, LMR Partners LLP purchased a new position in shares of Atlas Financial in the second quarter valued at about $280,000. Institutional investors own 76.02% of the company’s stock.

Atlas Financial Company Profile

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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