Atlantic American (NASDAQ:AAME) Research Coverage Started at StockNews.com

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

Atlantic American Price Performance

NASDAQ:AAME opened at $1.57 on Friday. Atlantic American has a one year low of $1.26 and a one year high of $3.00. The business has a fifty day moving average price of $1.56 and a 200-day moving average price of $1.59. The firm has a market capitalization of $32.03 million, a price-to-earnings ratio of -4.49 and a beta of 0.47.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Atlantic American stock. Biglari Sardar grew its position in Atlantic American Co. (NASDAQ:AAME) by 17.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 188,393 shares of the financial services provider’s stock after purchasing an additional 28,633 shares during the quarter. Atlantic American makes up about 0.7% of Biglari Sardar’s investment portfolio, making the stock its 10th largest holding. Biglari Sardar owned approximately 0.92% of Atlantic American worth $320,000 at the end of the most recent reporting period. 5.48% of the stock is currently owned by 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.