Atlantic American (NASDAQ:AAME) Posts Earnings Results

Atlantic American (NASDAQ:AAME) released its earnings results on Tuesday. The financial services provider reported ($0.04) earnings per share for the quarter, Zacks reports. Atlantic American had a negative net margin of 3.72% and a negative return on equity of 8.17%. The company had revenue of $49.04 million during the quarter.

Atlantic American Stock Down 2.8 %

NASDAQ AAME opened at $1.73 on Thursday. Atlantic American has a twelve month low of $1.25 and a twelve month high of $2.84. The stock has a market cap of $35.29 million, a P/E ratio of -4.94 and a beta of 0.58. The company’s 50-day simple moving average is $1.55 and its 200 day simple moving average is $1.58.

Atlantic American Dividend Announcement

The firm also recently announced an annual dividend, which will be paid on Wednesday, April 23rd. Stockholders of record on Wednesday, April 9th will be given a dividend of $0.02 per share. The ex-dividend date of this dividend is Wednesday, April 9th. This represents a dividend yield of 1.1%. Atlantic American’s dividend payout ratio (DPR) is currently -5.71%.

Wall Street Analyst Weigh In

Separately, StockNews.com started coverage on Atlantic American in a report on Wednesday. They set a “hold” rating on the 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.