Atlantic American (NASDAQ:AAME) Coverage Initiated by Analysts at StockNews.com

StockNews.com started coverage on shares of Atlantic American (NASDAQ:AAME) in a research note released on Saturday. The brokerage issued a hold rating on the financial services provider’s stock.

Atlantic American Stock Performance

Shares of NASDAQ:AAME opened at $1.67 on Friday. The company’s 50-day moving average is $1.58 and its 200 day moving average is $1.94. The company has a market capitalization of $34.07 million, a P/E ratio of -33.40 and a beta of 0.44. Atlantic American has a fifty-two week low of $1.49 and a fifty-two week high of $3.00.

Atlantic American (NASDAQ:AAME) last released its quarterly earnings data on Wednesday, August 14th. The financial services provider reported ($0.06) EPS for the quarter. The business had revenue of $47.67 million for the quarter. Atlantic American had a negative net margin of 1.69% and a negative return on equity of 5.89%.

Institutional Investors Weigh In On Atlantic American

An institutional investor recently bought a new position in Atlantic American stock. Independent Advisor Alliance purchased a new stake in shares of Atlantic American Co. (NASDAQ:AAME) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 13,101 shares of the financial services provider’s stock, valued at approximately $32,000. Independent Advisor Alliance owned 0.06% of Atlantic American as of its most recent SEC filing. Institutional investors and hedge funds own 5.48% of the company’s stock.

Atlantic American Company Profile

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.