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

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

Atlantic American Stock Up 1.0 %

Shares of NASDAQ AAME opened at $1.50 on Friday. 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 $30.60 million, a price-to-earnings ratio of -4.29 and a beta of 0.45. The business has a fifty day simple moving average of $1.57 and a 200-day simple moving average of $1.60.

Institutional Investors Weigh In On Atlantic American

An institutional investor recently raised its position in Atlantic American stock. Biglari Sardar grew its stake in shares of Atlantic American Co. (NASDAQ:AAME) by 17.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 188,393 shares of the financial services provider’s stock after purchasing an additional 28,633 shares during the period. Atlantic American comprises about 0.7% of Biglari Sardar’s holdings, making the stock its 10th biggest holding. Biglari Sardar owned 0.92% of Atlantic American worth $320,000 as of its most recent filing with the Securities & Exchange Commission. 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.