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

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

Atlantic American Stock Performance

AAME opened at $1.66 on Friday. Atlantic American has a 52 week low of $1.49 and a 52 week high of $3.00. The firm has a market capitalization of $33.87 million, a PE ratio of -33.20 and a beta of 0.44. The company has a fifty day moving average price of $1.59 and a two-hundred day moving average price of $1.90.

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

Hedge Funds 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 Atlantic American Co. (NASDAQ:AAME) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund 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.