Will Amtrust Financial Services Inc (NASDAQ:AFSI) Run Out of Steam Soon? Short Interest Is Down

June 17, 2018 - By Winifred Garcia

AmTrust Financial Services, Inc. (NASDAQ:AFSI) Logo

Investors sentiment increased to 1.08 in 2018 Q1. Its up 0.16, from 0.92 in 2017Q4. It improved, as 26 investors sold AmTrust Financial Services, Inc. shares while 39 reduced holdings. 35 funds opened positions while 35 raised stakes. 52.03 million shares or 6.96% less from 55.92 million shares in 2017Q4 were reported.
Alliancebernstein L P stated it has 0% in AmTrust Financial Services, Inc. (NASDAQ:AFSI). Deutsche Natl Bank Ag has 0% invested in AmTrust Financial Services, Inc. (NASDAQ:AFSI). 175,000 were accumulated by Gabelli Invest Advisers. Moreover, Polaris Greystone Financial Group Inc Limited Liability Co has 0% invested in AmTrust Financial Services, Inc. (NASDAQ:AFSI). First Advisors Limited Partnership holds 0.01% or 269,506 shares. Laurion Limited Partnership holds 0.01% or 54,464 shares. Alpine Glob Limited Com stated it has 300,000 shares or 0.87% of all its holdings. 67,571 are owned by Ubs Asset Mgmt Americas. Stifel Financial Corp has invested 0% of its portfolio in AmTrust Financial Services, Inc. (NASDAQ:AFSI). Stratos Wealth Prtn Limited reported 0% in AmTrust Financial Services, Inc. (NASDAQ:AFSI). Hsbc Public Limited Co reported 14,081 shares. Envestnet Asset Mgmt has 0% invested in AmTrust Financial Services, Inc. (NASDAQ:AFSI) for 1,148 shares. Fmr Ltd Company owns 0% invested in AmTrust Financial Services, Inc. (NASDAQ:AFSI) for 66,400 shares. Pub Employees Retirement Association Of Colorado holds 4,578 shares. Regions reported 3,000 shares or 0% of all its holdings.

Since April 19, 2018, it had 1 insider buy, and 1 sale for $37.08 million activity. Gorelik Ariel sold $75,903 worth of stock or 5,707 shares.

The stock of Amtrust Financial Services Inc (NASDAQ:AFSI) registered a decrease of 10.44% in short interest. AFSI’s total short interest was 6.93M shares in June as published by FINRA. Its down 10.44% from 7.74 million shares, reported previously. With 753,500 shares average volume, it will take short sellers 9 days to cover their AFSI’s short positions. The short interest to Amtrust Financial Services Inc’s float is 5.69%.

It closed at $14.6 lastly. It is down 9.56% since June 17, 2017 and is uptrending. It has underperformed by 3.01% the S&P500.

AmTrust Financial Services, Inc., through its subsidiaries, underwrites and provides property and casualty insurance in the United States and internationally. The company has market cap of $2.87 billion. It operates in three divisions: Small Commercial Business; Specialty Risk and Extended Warranty; and Specialty Program. It has a 12.53 P/E ratio. The Small Commercial Business segment offers workersÂ’ compensation insurance products; and commercial package insurance products, such as commercial property, general liability, inland marine, automobile, and umbrella coverage, as well as other property and casualty insurance products to small businesses.

AmTrust Financial Services, Inc. (NASDAQ:AFSI) Ratings Coverage

Among 4 analysts covering AmTrust (NASDAQ:AFSI), 0 have Buy rating, 0 Sell and 4 Hold. Therefore 0 are positive. AmTrust had 4 analyst reports since January 21, 2018 according to SRatingsIntel. The stock has “Hold” rating by Compass Point on Monday, February 26. The firm earned “Hold” rating on Friday, May 18 by FBR Capital. The stock of AmTrust Financial Services, Inc. (NASDAQ:AFSI) earned “Hold” rating by SunTrust on Thursday, March 1. The stock of AmTrust Financial Services, Inc. (NASDAQ:AFSI) has “Hold” rating given on Sunday, January 21 by Keefe Bruyette & Woods.

More notable recent AmTrust Financial Services, Inc. (NASDAQ:AFSI) news were published by: Nasdaq.com which released: “KBW Announces Index Rebalancing for Second-Quarter 2018” on June 09, 2018, also Nasdaq.com with their article: “Leading Proxy Advisory Firm ISS Recommends AmTrust Stockholders Vote “FOR” Amended Merger Agreement with …” published on June 12, 2018, Seekingalpha.com published: “AmTrust shareholder Arca disputes ISS’s revised recommendation” on June 14, 2018. More interesting news about AmTrust Financial Services, Inc. (NASDAQ:AFSI) were released by: Seekingalpha.com and their article: “AmTrust holder Arca opposes sweetened $14.75-per-share buyout offer” published on June 08, 2018 as well as Globenewswire.com‘s news article titled: “AmTrust Enters into Amendment to Merger Agreement with Evergreen Parent” with publication date: June 07, 2018.

AmTrust Financial Services, Inc. (NASDAQ:AFSI) Institutional Positions Chart

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