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

Research analysts at StockNews.com assumed coverage on shares of Atlantic American (NASDAQ:AAME) in a research report issued to clients and investors on Thursday. The firm set a “hold” rating on the financial services provider’s stock.

Atlantic American Trading Down 1.7 %

Shares of NASDAQ AAME opened at $1.69 on Thursday. Atlantic American has a twelve month low of $1.49 and a twelve month high of $3.00. The company has a market capitalization of $34.48 million, a price-to-earnings ratio of -33.79 and a beta of 0.41. The business has a 50 day simple moving average of $1.77 and a 200-day simple moving average of $2.23.

Atlantic American (NASDAQ:AAME) last issued its quarterly earnings results on Tuesday, May 14th. The financial services provider reported ($0.12) earnings per share for the quarter. Atlantic American had a negative net margin of 0.39% and a negative return on equity of 3.18%. The firm had revenue of $47.00 million during the quarter.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Atlantic American stock. Independent Advisor Alliance acquired a new position in shares of Atlantic American Co. (NASDAQ:AAME) in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 13,101 shares of the financial services provider’s stock, valued at approximately $32,000. Independent Advisor Alliance owned about 0.06% of Atlantic American at the end of the most recent reporting period. 5.48% of the stock is owned by institutional investors.

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.