Atlantic American (NASDAQ:AAME) Now Covered by StockNews.com

Research analysts at StockNews.com initiated coverage on shares of Atlantic American (NASDAQ:AAME) in a report issued on Wednesday. The firm set a “hold” rating on the financial services provider’s stock.

Atlantic American Stock Up 3.0 %

Shares of NASDAQ AAME opened at $1.70 on Wednesday. Atlantic American has a 12 month low of $1.26 and a 12 month high of $3.00. The company has a market cap of $34.68 million, a P/E ratio of -4.86 and a beta of 0.45. The business’s 50 day moving average is $1.52 and its two-hundred day moving average is $1.59.

Atlantic American (NASDAQ:AAME) last released its earnings results on Tuesday, November 12th. The financial services provider reported ($0.04) EPS for the quarter. The company had revenue of $44.52 million for the quarter. Atlantic American had a negative net margin of 3.72% and a negative return on equity of 8.17%.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Atlantic American stock. Biglari Sardar raised its stake in Atlantic American Co. (NASDAQ:AAME) by 17.9% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 188,393 shares of the financial services provider’s stock after acquiring an additional 28,633 shares during the period. Atlantic American comprises about 0.7% of Biglari Sardar’s investment portfolio, making the stock its 10th largest position. Biglari Sardar owned 0.92% of Atlantic American worth $320,000 as of its most recent filing with the Securities and Exchange Commission (SEC). 5.48% of the stock is owned by institutional investors.

About Atlantic American

Atlantic American Corporation, through its subsidiaries, provides life and health, and property and casualty insurance products in the United States. It operates through American Southern and Bankers Fidelity segments. The company offers property and casualty insurance products, including commercial automobile insurance coverage for state governments, local municipalities, and other motor pools and fleets; general liability; and inland marine insurance products.