StockNews.com Begins Coverage on Atlantic American (NASDAQ:AAME)

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

Atlantic American Stock Performance

Atlantic American stock opened at $1.88 on Thursday. Atlantic American has a 12 month low of $1.49 and a 12 month high of $3.00. The stock has a fifty day simple moving average of $2.41 and a two-hundred day simple moving average of $2.26. The firm has a market cap of $38.35 million, a price-to-earnings ratio of -62.65 and a beta of 0.43.

Atlantic American (NASDAQ:AAME) last released its quarterly earnings data on Monday, April 1st. The financial services provider reported ($0.21) EPS for the quarter. The business had revenue of $46.75 million during the quarter. Atlantic American had a negative return on equity of 0.31% and a negative net margin of 0.09%.

Atlantic American Announces Dividend

The business also recently disclosed an annual dividend, which was paid on Friday, April 26th. Investors of record on Friday, April 12th were given a dividend of $0.02 per share. The ex-dividend date was Thursday, April 11th. This represents a yield of 0.78%. Atlantic American’s dividend payout ratio (DPR) is -66.64%.

Institutional Investors Weigh In On Atlantic American

A hedge fund recently bought a new stake in Atlantic American stock. Independent Advisor Alliance acquired a new position in Atlantic American Co. (NASDAQ:AAME) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 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. 5.48% of the stock is owned by hedge funds and other institutional investors.

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.