StockNews.com Begins Coverage on Atlantic American (NASDAQ:AAME)

Investment analysts at StockNews.com initiated coverage on shares of Atlantic American (NASDAQ:AAME) in a research report issued on Tuesday. The firm set a “hold” rating on the financial services provider’s stock.

Atlantic American Stock Performance

Shares of NASDAQ AAME opened at $1.51 on Tuesday. Atlantic American has a 52-week low of $1.26 and a 52-week high of $3.00. The firm has a market capitalization of $30.80 million, a price-to-earnings ratio of -4.31 and a beta of 0.45. The stock has a 50 day moving average price of $1.53 and a 200 day moving average price of $1.59.

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

Hedge Funds Weigh In On Atlantic American

An institutional investor recently raised its position in Atlantic American stock. Biglari Sardar grew its stake in Atlantic American Co. (NASDAQ:AAME) by 17.9% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 188,393 shares of the financial services provider’s stock after acquiring an additional 28,633 shares during the quarter. Atlantic American comprises about 0.7% of Biglari Sardar’s portfolio, making the stock its 10th biggest position. Biglari Sardar owned approximately 0.92% of Atlantic American worth $320,000 as of its most recent filing with the Securities and Exchange Commission. Institutional investors and hedge funds own 5.48% of the company’s 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.