Is Atlas Financial Holdings Inc (AFH) A Good Stock To Buy?

Consequently, key hedge funds were breaking ground themselves. Capital Returns Management, managed by Ron Bobman, established the most outsized position in Atlas Financial Holdings Inc (NASDAQ:AFH). Capital Returns Management had $2.3 million invested in the company at the end of the quarter. Israel Englander’s Millennium Management also made a $0.5 million investment in the stock during the quarter.

Let’s also examine hedge fund activity in other stocks similar to Atlas Financial Holdings Inc (NASDAQ:AFH). These stocks are Miller Industries, Inc. (NYSE:MLR), Quotient Ltd (NASDAQ:QTNT), Hallmark Financial Services, Inc. (NASDAQ:HALL), and Wi-LAN Inc – US listing (NASDAQ:WILN). This group of stocks’ market values are similar to Atlas Financial Holdings Inc (NASDAQ:AFH)’s market value.

As you can see, these stocks had an average of 6 hedge funds with bullish positions and the average amount invested in these stocks was $38 million. That figure was $22 million in Atlas Financial Holdings Inc (NASDAQ:AFH)’s case. Quotient Ltd (NASDAQ:QTNT) is the most popular stock in this table. On the other hand, Hallmark Financial Services, Inc. (NASDAQ:HALL) is the least popular one with only 4 bullish hedge fund positions. Atlas Financial Holdings Inc (NASDAQ:AFH) is not the most popular stock in this group, but hedge fund interest is still above average. This is a slightly positive signal, but we’d rather spend our time researching stocks that hedge funds are piling on. In this regard, Quotient Ltd (NASDAQ:QTNT) might be a better candidate to consider a long position.