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 Wednesday. The brokerage issued a hold rating on the financial services provider’s stock.

Atlantic American Price Performance

AAME opened at $1.69 on Wednesday. Atlantic American has a 1-year low of $1.26 and a 1-year high of $3.00. The firm has a market capitalization of $34.48 million, a price-to-earnings ratio of -4.83 and a beta of 0.45. The company’s 50 day simple moving average is $1.53 and its two-hundred day simple moving average is $1.59.

Atlantic American (NASDAQ:AAME) last posted its earnings results on Tuesday, November 12th. The financial services provider reported ($0.04) earnings per share for the quarter. Atlantic American had a negative net margin of 3.72% and a negative return on equity of 8.17%. The firm had revenue of $44.52 million during the quarter.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Atlantic American stock. Biglari Sardar lifted its holdings in Atlantic American Co. (NASDAQ:AAME) by 17.9% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 188,393 shares of the financial services provider’s stock after purchasing an additional 28,633 shares during the period. Atlantic American makes up 0.7% of Biglari Sardar’s holdings, making the stock its 10th biggest holding. Biglari Sardar owned approximately 0.92% of Atlantic American worth $320,000 as of its most recent SEC filing. 5.48% of the stock is owned by institutional investors.

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.