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

StockNews.com assumed coverage on shares of Atlantic American (NASDAQ:AAME) in a research note published on Tuesday morning. The brokerage issued a hold rating on the financial services provider’s stock.

Atlantic American Stock Down 3.2 %

Shares of NASDAQ AAME opened at $1.52 on Tuesday. The business has a 50-day moving average price of $1.66 and a 200 day moving average price of $2.08. The stock has a market cap of $31.01 million, a PE ratio of -30.40 and a beta of 0.42. Atlantic American has a 52-week low of $1.49 and a 52-week high of $3.00.

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

Institutional Investors Weigh In On Atlantic American

An institutional investor recently bought a new position in Atlantic American stock. Investors Asset Management of Georgia Inc. GA ADV acquired a new stake in shares of Atlantic American Co. (NASDAQ:AAME) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 18,000 shares of the financial services provider’s stock, valued at approximately $43,000. Investors Asset Management of Georgia Inc. GA ADV owned about 0.09% of Atlantic American as of its most recent SEC filing. 5.48% of the stock is currently owned by institutional investors and hedge funds.

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.