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

Equities research analysts at StockNews.com assumed coverage on shares of Atlantic American (NASDAQ:AAME) in a research report issued to clients and investors on Sunday. The firm set a “hold” rating on the financial services provider’s stock.

Atlantic American Stock Performance

Shares of NASDAQ:AAME opened at $1.69 on Friday. The stock has a market capitalization of $34.48 million, a price-to-earnings ratio of -33.79 and a beta of 0.44. The company has a 50 day moving average price of $1.59 and a 200 day moving average price of $1.89. Atlantic American has a 1-year low of $1.49 and a 1-year high of $3.00.

Atlantic American (NASDAQ:AAME) last announced its quarterly earnings data on Wednesday, August 14th. The financial services provider reported ($0.06) earnings per share (EPS) for the quarter. Atlantic American had a negative return on equity of 5.89% and a negative net margin of 1.69%. The business had revenue of $47.67 million during the quarter.

Hedge Funds Weigh In On Atlantic American

An institutional investor recently bought a new position in Atlantic American stock. Independent Advisor Alliance acquired a new stake in shares of Atlantic American Co. (NASDAQ:AAME) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 13,101 shares of the financial services provider’s stock, valued at approximately $32,000. Independent Advisor Alliance owned 0.06% of Atlantic American at the end of the most recent quarter. Hedge funds and other institutional investors own 5.48% of the company’s stock.

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.