22.8% Stake of AmTrust Financial Services Inc (AFSI) Maintained by Zyskind Barry D

Zyskind Barry D

recently stated that they own a 22.8% stake in AmTrust Financial Services Inc (NASDAQ:AFSI) in a Schedule 13D/A disclosure that was filed with the SEC on Wednesday, January 10th. The investor owns 44,776,575 shares of the stock valued at approximately $454,482,236. The reporting parties listed on the disclosure included Barry D Zyskind, George Karfunkel and Leah Karfunkel. The filing is available through EDGAR at this hyperlink.

Other hedge funds have also made changes to their positions in the company. Pacer Advisors Inc. grew its position in AmTrust Financial Services by 3.4% during the second quarter. Pacer Advisors Inc. now owns 14,972 shares of the insurance provider’s stock valued at $227,000 after buying an additional 495 shares during the period. Raymond James Financial Services Advisors Inc. lifted its holdings in AmTrust Financial Services by 4.0% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 13,181 shares of the insurance provider’s stock valued at $200,000 after purchasing an additional 506 shares during the last quarter. BlueMountain Capital Management LLC lifted its holdings in AmTrust Financial Services by 14.2% during the second quarter. BlueMountain Capital Management LLC now owns 18,234 shares of the insurance provider’s stock valued at $276,000 after purchasing an additional 2,264 shares during the last quarter. Menta Capital LLC lifted its holdings in AmTrust Financial Services by 20.8% during the second quarter. Menta Capital LLC now owns 38,766 shares of the insurance provider’s stock valued at $587,000 after purchasing an additional 6,666 shares during the last quarter. Finally, Voya Investment Management LLC lifted its holdings in AmTrust Financial Services by 24.8% during the second quarter. Voya Investment Management LLC now owns 38,324 shares of the insurance provider’s stock valued at $580,000 after purchasing an additional 7,615 shares during the last quarter. Institutional investors and hedge funds own 33.68% of the company’s stock.

Shares of AmTrust Financial Services Inc (AFSI) opened at $10.15 on Wednesday. The firm has a market cap of $1,990.00, a P/E ratio of -31.72 and a beta of 1.10. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.53 and a quick ratio of 0.53. AmTrust Financial Services Inc has a one year low of $8.80 and a one year high of $27.93.

AmTrust Financial Services (NASDAQ:AFSI) last issued its quarterly earnings results on Wednesday, November 8th. The insurance provider reported ($0.04) EPS for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.37). AmTrust Financial Services had a net margin of 0.49% and a return on equity of 9.07%. The business had revenue of $1.46 billion for the quarter, compared to the consensus estimate of $1.29 billion. During the same quarter in the previous year, the business earned $0.47 earnings per share. The firm’s revenue was up 4.3% on a year-over-year basis. equities analysts anticipate that AmTrust Financial Services Inc will post 0.91 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 16th. Shareholders of record on Tuesday, January 2nd will be given a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 6.70%. The ex-dividend date of this dividend is Friday, December 29th. AmTrust Financial Services’s payout ratio is currently -212.50%.

In other news, SVP Ariel Gorelik bought 2,962 shares of the business’s stock in a transaction dated Wednesday, November 15th. The shares were purchased at an average price of $9.33 per share, for a total transaction of $27,635.46. Following the completion of the acquisition, the senior vice president now owns 5,977 shares of the company’s stock, valued at $55,765.41. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 50.80% of the stock is owned by company insiders.

Several research firms have commented on AFSI. BidaskClub downgraded shares of AmTrust Financial Services from a “hold” rating to a “sell” rating in a report on Wednesday. ValuEngine downgraded shares of AmTrust Financial Services from a “buy” rating to a “hold” rating in a report on Sunday, December 31st. Zacks Investment Research raised shares of AmTrust Financial Services from a “strong sell” rating to a “hold” rating and set a $11.00 price objective on the stock in a report on Monday. B. Riley reissued a “neutral” rating and issued a $12.00 price target on shares of AmTrust Financial Services in a report on Monday, November 6th. Finally, JMP Securities downgraded shares of AmTrust Financial Services from an “outperform” rating to a “market perform” rating in a report on Monday, November 13th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $14.71.

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AmTrust Financial Services Company Profile

Amtrust Financial Services, Inc (AmTrust) is an insurance holding company. The Company, through its subsidiaries, provides specialty property and casualty insurance focusing on workers’ compensation and commercial package coverage for small business, specialty risk and extended warranty coverage, and property and casualty coverage for middle market business.

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Institutional Ownership by Quarter for AmTrust Financial Services (NASDAQ:AFSI)

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