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

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

Atlantic American Stock Down 3.0 %

AAME stock opened at $1.60 on Friday. The business’s fifty day moving average is $1.55 and its 200-day moving average is $1.59. The company has a market cap of $32.64 million, a P/E ratio of -4.57 and a beta of 0.47. Atlantic American has a twelve month low of $1.26 and a twelve month high of $3.00.

Atlantic American (NASDAQ:AAME) last posted its quarterly earnings results on Tuesday, November 12th. The financial services provider reported ($0.04) earnings per share for the quarter. The company had revenue of $44.52 million during the quarter. Atlantic American had a negative net margin of 3.72% and a negative return on equity of 8.17%.

Institutional Trading of Atlantic American

An institutional investor recently raised its position in Atlantic American stock. Biglari Sardar increased its holdings in shares of Atlantic American Co. (NASDAQ:AAME) by 17.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 188,393 shares of the financial services provider’s stock after buying an additional 28,633 shares during the quarter. Atlantic American accounts for approximately 0.7% of Biglari Sardar’s holdings, making the stock its 10th largest holding. Biglari Sardar owned 0.92% of Atlantic American worth $320,000 at the end of the most recent quarter. Institutional investors 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.