Atlas Financial Holdings Inc (NASDAQ:AFH)’s share price shot up 14.3% during mid-day trading on Monday . The stock traded as high as $0.43 and last traded at $0.40, 253,035 shares traded hands during mid-day trading. A decline of 47% from the average session volume of 481,559 shares. The stock had previously closed at $0.35.
Separately, ValuEngine upgraded shares of Atlas Financial from a “hold” rating to a “buy” rating in a research note on Wednesday, May 1st.
The business’s 50 day simple moving average is $0.51 and its two-hundred day simple moving average is $2.34.
A number of large investors have recently added to or reduced their stakes in the business. Wedge Capital Management L L P NC increased its stake in Atlas Financial by 22.4% during the 1st quarter. Wedge Capital Management L L P NC now owns 135,208 shares of the insurance provider’s stock valued at $333,000 after purchasing an additional 24,776 shares in the last quarter. Susquehanna International Group LLP boosted its holdings in shares of Atlas Financial by 68.0% during the 2nd quarter. Susquehanna International Group LLP now owns 76,301 shares of the insurance provider’s stock valued at $55,000 after acquiring an additional 30,885 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings 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 last quarter. A.R.T. Advisors LLC purchased a new stake in shares of Atlas Financial during the 2nd quarter valued at about $29,000. Finally, Cetera Advisor Networks LLC purchased a new stake in shares of Atlas Financial during the 2nd quarter valued at about $51,000. Institutional investors and hedge funds own 46.76% of the company’s stock.
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: Average Daily Trade Volume – ADTV
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