Atlantic American (NASDAQ:AAME) Stock Jumps 1.8% – What’s Next?

Atlantic American Corporation (NASDAQ:AAME) rose 1.8% during trading on Monday. The company traded as high as $1.21 and last traded at $1.13. Approximately 43,763 shares were traded during trading, a decline of 98% from the average daily volume of 2,601,811 shares. The stock had previously closed at $1.11.

Analyst Ratings Changes

Separately, Weiss Ratings downgraded shares of Atlantic American from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Tuesday, November 3rd. One investment analyst has rated the stock with a Sell rating. According to MarketBeat.com, the stock has a consensus rating of “Sell”.

Atlantic American Stock Up 1.8%

The company has a 50-day simple moving average of $1.27 and a two-hundred day simple moving average of $1.93. The stock has a market cap of $23.05 million, a P/E ratio of 4.35 and a beta of 0.87.

Institutional Inflows and Outflows

A hedge fund recently bought a new position in Atlantic American stock. Biglari Sardar purchased a new position in Atlantic American Corporation (NASDAQ:AAME) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 105,861 shares of the financial services provider’s stock, valued at approximately $176,788. Atlantic American comprises about 0.0% of Biglari Sardar’s portfolio, making the stock its 10th largest position. Biglari Sardar owned 0.52% of Atlantic American at the end of the most recent reporting period. Institutional investors own 5.54% of the company’s stock.

Atlantic American Company Profile

Atlantic American Corporation (NASDAQ:AAME) is an insurance holding company headquartered in Atlanta, Georgia. Through its subsidiaries, the company provides property and casualty insurance, life insurance and supplemental health insurance products to individuals, businesses and organizations.

Its property and casualty operations, conducted primarily through American Southern Insurance Company and related affiliates, offer products that may include commercial automobile, general liability, workers’ compensation, surety and other specialty insurance coverages.