Atlas Financial Holdings, Inc. (NASDAQ:AFH) Stock Traded Above Its 50 Day Moving Average


It is currently trading at $20.00 a bit higher than the 50 day moving average of $18.57 and significantly higher than the 200 day moving average of $15.71. The 50 day moving average was up $1.43 and the 200 day average moved up $4.29. 35K shares changed hands in the last trading session. Volume was down 29.02% under the stocks average daily volume.

Investors are feeling more bullish lately if you put credence in the fall in short interest. The firm had a fall in short interest of -21.74% as of September 29, 2017 from the last reporting period. Short interest fell 52,613 over that period. With short interest at 189,424 and short average daily volume at 26,943, days to cover is 7.0 and the short interest percentage is 0.02% as of September 29.

A few notable investment firms have updated their holdings. Lombardia Capital Partners LLC added to its position by buying 3,355 shares an increase of 8.8% in the quarter. Lombardia Capital Partners LLC owns 41,415 shares worth $565,000. The total value of its holdings decreased 17.8%. Prospect Capital Advisors, LLC divested its stake by selling 1,900 shares a decrease of 0.9% from 03/31/2017 to 06/30/2017. Prospect Capital Advisors, LLC controls 198,500 shares with a value of $2,958,000. The value of the position overall is up by 8.2%.

As of quarter end Baird Financial Group, Inc. had sold a total of 17,092 shares trimming its holdings by 4.4%. The value of the investment in (AFH) increased from $5,268,000 to $5,495,000 a change of $227,000 quarter over quarter. Diamond Hill Capital Management Inc bolstered its investment by buying 5,720 shares an increase of 9.2%. Diamond Hill Capital Management Inc now controls 67,670 shares valued at $1,279,000. The value of the position overall is up by 38.6%.

Atlas Financial Holdings, Inc. ‘s P/E ratio is 80.97 and the market value is 240.60M. In the last earnings report the EPS was $0.25 and is projected to be $1.65 for the current year with 12,030,000 shares currently outstanding. Next quarter’s EPS is forecasted at $0.39 with next year’s EPS anticipated to be $1.98.

Atlas Financial Holdings, Inc., through its subsidiaries, engages in underwriting commercial automobile insurance policies in the United States. It focuses on the light commercial vehicle sector. The company’s automobile insurance products provide insurance coverage in three primary areas, including liability, accident benefits, and physical damage. It offers insurance for taxi cabs, non-emergency para-transit, limousine, livery, and business autos. The company distributes its insurance products through a network of retail independent agents. Atlas Financial Holdings, Inc. is headquartered in Elk Grove Village, Illinois..