Diamond Hill Capital Management Inc. raised its stake in shares of Atlas Financial Holdings, Inc. (NASDAQ:AFH) by 26.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 61,950 shares of the insurance provider’s stock after buying an additional 13,060 shares during the period. Diamond Hill Capital Management Inc. owned 0.51% of Atlas Financial Holdings worth $923,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in AFH. Ranger Investment Management L.P. raised its position in Atlas Financial Holdings by 110.0% in the first quarter. Ranger Investment Management L.P. now owns 98,390 shares of the insurance provider’s stock worth $1,343,000 after buying an additional 51,530 shares during the last quarter. GMT Capital Corp bought a new position in Atlas Financial Holdings during the first quarter worth $355,000. Dimensional Fund Advisors LP raised its position in Atlas Financial Holdings by 15.9% in the first quarter. Dimensional Fund Advisors LP now owns 203,514 shares of the insurance provider’s stock worth $2,778,000 after buying an additional 27,961 shares during the last quarter. Globeflex Capital L P bought a new position in Atlas Financial Holdings during the first quarter worth $592,000. Finally, Kennedy Capital Management Inc. bought a new position in Atlas Financial Holdings during the first quarter worth $557,000. 80.27% of the stock is owned by hedge funds and other institutional investors.

Atlas Financial Holdings, Inc. (AFH) traded down 1.21% during trading on Friday, hitting $16.30. The stock had a trading volume of 22,332 shares. The stock has a 50 day moving average price of $15.04 and a 200-day moving average price of $14.58. Atlas Financial Holdings, Inc. has a 12 month low of $12.15 and a 12 month high of $18.40. The stock has a market cap of $196.09 million, a price-to-earnings ratio of 65.99 and a beta of 0.88.

Atlas Financial Holdings (NASDAQ:AFH) last released its quarterly earnings data on Monday, August 7th. The insurance provider reported $0.72 EPS for the quarter, topping the consensus estimate of $0.42 by $0.30. The company had revenue of $55.70 million for the quarter, compared to the consensus estimate of $58.50 million. Atlas Financial Holdings had a negative return on equity of 3.32% and a net margin of 1.67%. On average, equities analysts predict that Atlas Financial Holdings, Inc. will post $1.66 EPS for the current year.

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A number of analysts recently weighed in on AFH shares. Sandler O’Neill upgraded Atlas Financial Holdings from a “hold” rating to a “buy” rating in a research report on Wednesday, May 10th. Boenning Scattergood restated a “buy” rating on shares of Atlas Financial Holdings in a research report on Tuesday. JMP Securities started coverage on Atlas Financial Holdings in a research report on Wednesday, May 24th. They issued an “outperform” rating and a $18.00 target price for the company. Finally, ValuEngine downgraded Atlas Financial Holdings from a “hold” rating to a “sell” rating in a research report on Friday, June 16th. One analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the stock. Atlas Financial Holdings has a consensus rating of “Hold” and an average price target of $18.50.

In related news, insider Kingsway America Inc sold 28,191 shares of Atlas Financial Holdings stock in a transaction dated Thursday, June 29th. The stock was sold at an average price of $15.10, for a total value of $425,684.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Walter Frederick Walker acquired 5,000 shares of the business’s stock in a transaction on Tuesday, July 11th. The shares were purchased at an average price of $14.08 per share, with a total value of $70,400.00. The disclosure for this purchase can be found here. Company insiders own 12.70% of the company’s stock.

About Atlas Financial Holdings

Atlas Financial Holdings Inc formerly JJR VI Acquisition Corp is a Canada-based company. It is engaged in the business of providing commercial automobile insurance in the United States with a niche market orientation. The Company’s automobile insurance products provide coverage in three areas: liability, accident benefits and physical damage.

Institutional Ownership by Quarter for Atlas Financial Holdings (NASDAQ:AFH)

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