Two Sigma Investments LP Decreases Holdings in Atlas Financial Holdings Inc (AFH)

Two Sigma Investments LP trimmed its stake in Atlas Financial Holdings Inc (NASDAQ:AFH) by 32.6% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 51,895 shares of the insurance provider’s stock after selling 25,072 shares during the period. Two Sigma Investments LP owned about 0.43% of Atlas Financial worth $420,000 as of its most recent filing with the SEC.

Several other institutional investors also recently added to or reduced their stakes in AFH. Tieton Capital Management LLC boosted its stake in Atlas Financial by 0.9% during the 4th quarter. Tieton Capital Management LLC now owns 764,720 shares of the insurance provider’s stock worth $6,187,000 after purchasing an additional 6,720 shares during the period. Dimensional Fund Advisors LP boosted its stake in Atlas Financial by 6.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 559,248 shares of the insurance provider’s stock worth $4,524,000 after purchasing an additional 31,604 shares during the period. Prescott Group Capital Management L.L.C. raised its position in 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 worth $1,890,000 after buying an additional 152,106 shares during the last quarter. Renaissance Technologies LLC raised its position in Atlas Financial by 8.9% during the 3rd quarter. Renaissance Technologies LLC now owns 225,663 shares of the insurance provider’s stock worth $2,268,000 after buying an additional 18,451 shares during the last quarter. Finally, United Services Automobile Association raised its position in Atlas Financial by 3.1% during the 3rd quarter. United Services Automobile Association now owns 201,500 shares of the insurance provider’s stock worth $2,025,000 after buying an additional 6,100 shares during the last quarter. 73.92% of the stock is currently owned by institutional investors and hedge funds.

A number of equities analysts have recently issued reports on the stock. ValuEngine upgraded shares of Atlas Financial from a “hold” rating to a “buy” rating in a report on Wednesday. Zacks Investment Research downgraded shares of Atlas Financial from a “buy” rating to a “hold” rating in a report on Thursday, January 24th.

NASDAQ AFH traded down $0.05 during trading hours on Friday, reaching $0.94. The company’s stock had a trading volume of 2,196,284 shares, compared to its average volume of 464,073. The stock has a market cap of $11.22 million, a price-to-earnings ratio of -0.55 and a beta of 0.64. Atlas Financial Holdings Inc has a fifty-two week low of $0.89 and a fifty-two week high of $12.21. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 0.24.

Atlas Financial (NASDAQ:AFH) last issued its quarterly earnings data on Monday, March 4th. The insurance provider reported ($3.48) EPS for the quarter, missing the Zacks’ consensus estimate of $0.42 by ($3.90). Atlas Financial had a negative net margin of 16.63% and a negative return on equity of 21.42%. The business had revenue of $52.08 million during the quarter, compared to analyst estimates of $51.50 million.

ILLEGAL ACTIVITY NOTICE: This report was posted by Baseball Daily News and is the sole property of of Baseball Daily News. If you are accessing this report on another site, it was copied illegally and reposted in violation of international trademark and copyright law. The correct version of this report can be read at https://www.baseballdailydigest.com/news/2019/05/04/atlas-financial-holdings-inc-afh-shares-sold-by-two-sigma-investments-lp.html.

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.

Further Reading: What is Depreciation?

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

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.