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

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

Atlantic American Trading Down 0.8 %

AAME stock opened at $1.48 on Friday. The firm has a 50-day moving average price of $1.59 and a 200-day moving average price of $1.61. Atlantic American has a 12 month low of $1.26 and a 12 month high of $3.00. The stock has a market capitalization of $30.28 million, a P/E ratio of -4.24 and a beta of 0.47.

Institutional Investors Weigh In On Atlantic American

A hedge fund recently raised its stake in Atlantic American stock. Biglari Sardar raised its position in Atlantic American Co. (NASDAQ:AAME) by 17.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 188,393 shares of the financial services provider’s stock after purchasing an additional 28,633 shares during the quarter. Atlantic American accounts for about 0.7% of Biglari Sardar’s holdings, making the stock its 10th biggest holding. Biglari Sardar owned about 0.92% of Atlantic American worth $320,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 5.48% of the company’s stock.

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.