Atlas Technical Consultants, Inc. (NASDAQ:ATCX) CFO David D. Sr. Quinn Buys 6,061 Shares
Atlas Technical Consultants, Inc. (NASDAQ:ATCX – Get Rating) CFO David D. Sr. Quinn acquired 6,061 shares of the stock in a transaction dated Tuesday, May 17th. The stock was acquired at an average price of $8.25 per share, for a total transaction of $50,003.25. Following the completion of the transaction, the chief financial officer now directly owns 150,885 shares of the company’s stock, valued at $1,244,801.25. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.
Shares of NASDAQ ATCX opened at $8.23 on Thursday. The business’s 50 day moving average is $11.77 and its two-hundred day moving average is $10.37. Atlas Technical Consultants, Inc. has a 1-year low of $7.50 and a 1-year high of $15.40.
Atlas Technical Consultants (NASDAQ:ATCX – Get Rating) last issued its quarterly earnings data on Tuesday, March 15th. The company reported $0.06 earnings per share for the quarter, missing the consensus estimate of $0.14 by ($0.08). Atlas Technical Consultants had a negative return on equity of 7.70% and a negative net margin of 3.25%. The company had revenue of $145.25 million for the quarter, compared to the consensus estimate of $140.70 million. During the same period in the previous year, the firm earned ($0.43) earnings per share. As a group, analysts predict that Atlas Technical Consultants, Inc. will post 0.29 EPS for the current fiscal year.
Several equities research analysts have recently issued reports on ATCX shares. Stifel Nicolaus lifted their target price on Atlas Technical Consultants from $13.00 to $16.00 and gave the stock a “buy” rating in a report on Thursday, March 17th. Zacks Investment Research cut Atlas Technical Consultants from a “buy” rating to a “hold” rating in a report on Tuesday.
A number of hedge funds and other institutional investors have recently modified their holdings of ATCX. Royal Bank of Canada grew its stake in shares of Atlas Technical Consultants by 167.2% during the third quarter. Royal Bank of Canada now owns 2,464 shares of the company’s stock valued at $25,000 after buying an additional 1,542 shares during the last quarter. Advisor Group Holdings Inc. bought a new position in shares of Atlas Technical Consultants during the third quarter valued at approximately $42,000. Penserra Capital Management LLC bought a new position in shares of Atlas Technical Consultants during the third quarter valued at approximately $45,000. Allspring Global Investments Holdings LLC bought a new position in shares of Atlas Technical Consultants during the first quarter valued at approximately $67,000. Finally, Wells Fargo & Company MN grew its stake in shares of Atlas Technical Consultants by 35.6% during the second quarter. Wells Fargo & Company MN now owns 5,774 shares of the company’s stock valued at $56,000 after buying an additional 1,517 shares during the last quarter. 21.53% of the stock is currently owned by institutional investors.
About Atlas Technical Consultants (Get Rating)
Atlas Technical Consultants, Inc provides professional testing, inspection, engineering, environmental, and program management and consulting services in the United States. The company provides a range of technical services that helps its clients test, inspect, plan, design, certify, and manage various projects across various end markets.
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